Credito Romagnolo nicknamed Rolo was an Italian bank based in Bologna, Emilia-Romagna. In 1995 it was acquired by

Credito Italiano Credito Italiano also known as just Credit, was an Italian bank, now part of UniCredit. It was merged with Unicredito in 1998, forming Unicredito Italiano (now UniCredit). Circa 1999 to 2002 UniCredit created a new subsidiary of the same name to ...

. In 1996 Credito Romagnolo Group (Credito Romagnolo Holding and Credito Romagnolo S.p.A.) were merged with Group

Carimonte Banca Carimonte Banca was an Italian bank based in Bologna, Emilia–Romagna region. The bank was formed on 12 July 1991 (gazetted on 21 August) by the merger of Banca del Monte di Bologna e Ravenna and Cassa di Risparmio di Modena. On 31 December 1995 ...

to form

Rolo Banca Rolo (pronounced /ˈrəʊləʊ/), referring to the roll-styled chocolates, is a brand of truncated cone-shaped or conical frustum-shaped chocolates with a caramel inside. First manufactured in Norwich, Norfolk in the United Kingdom by Mackintos ...

History

Banca Piccolo Credito Romagnolo was found in 1896. In 1987 the bank acquired Banca Venturi, a bank based in Apulia. In 1992–94 the bank absorbed Banca del Friuli, a bank based in Friuli – Venezia Giulia region. In 1991 Credito Romagnolo had a market share of 11.9% in lending in Emilia-Romagna, while Banca del Friuli had a market share of 8.5% in Friuli – Venezia Giulia. In 1994 the bank acquired

Banca Popolare del Molise Banca Popolare del Molise was an Italian bank based in Campobasso, Molise. The bank was one of the "big three" banks in the Molise region in 1994 (in terms of deposit and lending market), as well as ranked the 181st by client deposits in the whole ...

. The bank also owned Banca Agricola Commerciale (San Marino) at that time. In 1994 the bank proposed a merger plan to the shareholders of Casse Emiliano Romagnole (CAER), which all shares of CAER would be offer for new shares of Credito Romagnolo. However, it was rejected. CAER's successor was absorbed by

Sanpaolo IMI Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was ap ...

in 2002, which became part of

Intesa Sanpaolo Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity ...

in 2007, the archrival of

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

, the successor of

. In 1994 also saw a consortium of

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

(Cariplo, a predecessor of Banca Intesa),

Istituto Mobiliare Italiano Banca IMI is a subsidiary of Intesa Sanpaolo which is specialized in investment banking and capital markets. The bank can trace its origins to the Istituto Mobiliare Italiano. IMI merged with Istituto Bancario San Paolo di Torino to form Sanpaolo ...

(IMI, a predecessor of Sanpaolo IMI), Reale Mutua Assicurazioni and CAER made a public offer to buy the shares of Credito Romagnolo, which competing with the offer from Credito Italiano. In 1994 Rolo had a market share of 21.5% in deposits in the Province of Bologna, as well as 21.0% in the Province of Ravenna . In 1995 Credito Romagnolo acquired Banca Vincenzo Tamborino, a bank based in Apulia. At the end of 1995, Credito Italiano owned 65% shares of Credito Romagnolo. Credito Italiano organized a merger of Credito Romagnolo with

effective on 1 January 1996.

References

{{reflist, 30em Defunct banks of Italy Italian companies established in 1896 Banks established in 1896 Banks disestablished in 1995 Italian companies disestablished in 1995 Companies based in Bologna Credito Italiano Group