Cassa di Risparmio della Provincia di Viterbo (Carivit) was an Italian bank and charity organization. The bank sector was acquired by Cariplo in 1990s. In 2015 Intesa Sanpaolo completely absorbed the bank.

History

Cassa di Risparmio di Viterbo was found in 1855 in Viterbo in the

Papal States The Papal States ( ; it, Stato Pontificio, ), officially the State of the Church ( it, Stato della Chiesa, ; la, Status Ecclesiasticus;), were a series of territories in the Italian Peninsula under the direct sovereign rule of the pope fro ...

. The bank acquired the saving banks in

Acquapendente Acquapendente is a city and ''comune'' in the province of Viterbo, in Lazio (Italy). Acquapendente is a centre for the agricultural production of vegetables and wine, and has a tradition of pottery craftsmanship. History The area of modern Acquapen ...

Bagnoregio Bagnoregio is a ''comune'' (municipality) in the Province of Viterbo in the Italian region of Lazio, located about northwest of Rome and about north of Viterbo. History The current main town was in ancient times a suburb of the hill town in ...

and

Carbognano Carbognano is a ''comune'' (municipality) in the Province of Viterbo in the Italy, Italian region Latium, located about northwest of Rome and about southeast of Viterbo. As of 31 December 2004, it had a population of 1,992 and an area of .All dem ...

in 1927 and Casse di Risparmio Riunite di Ronciglione, Sutri, Capranica e Caprarola in 1937, due to a reform to force small saving banks to merge with a larger one. In the same year the bank was renamed into Cassa di Risparmio della Provincia di Viterbo. Due to

Legge Amato Legge is a surname. Notable people with the surname include: *Alexander Legge (1866–1933), US businessman, president of International Harvester * Anthony Legge (1939–2013), British archaeologist specialized in zooarchaeology *Arthur Kaye Legge ...

, the bank was split into a limited company (S.p.A.) and a charity organization ( Ente Cassa di Risparmio della Provincia di Viterbo). In 1990s

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) bought 41.1% shares of the S.p.A. In 1997 it was increased to 64.32% and 70.92% in 1998. In the same year Cariplo was merged with Banco Ambrosiano Veneto to form Banca Intesa. In 1999

Casse del Centro Casse di Risparmio dell'Umbria S.p.A. known as Casse dell'Umbria is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo (via Banca CR Firenze). The headquarter of the bank was next to Fondazione Cassa di Ri ...

became the sub-holding company, which also included saving banks in

Rieti Rieti (; lat, Reate, Sabino: ) is a town and ''comune'' in Lazio, central Italy, with a population of 47,700. It is the administrative seat of the province of Rieti and see of the diocese of Rieti, as well as the modern capital of the Sabina re ...

(Cariri),

Foligno Foligno (; Southern Umbrian: ''Fuligno'') is an ancient town of Italy in the province of Perugia in east central Umbria, on the Topino river where it leaves the Apennines and enters the wide plain of the Clitunno river system. It is located so ...

Città di Castello Città di Castello (); "Castle Town") is a city and ''comune'' in the province of Perugia, in the northern part of Umbria. It is situated on a slope of the Apennines, on the flood plain along the upper part of the river Tiber. The city is north of ...

and

Spoleto Spoleto (, also , , ; la, Spoletum) is an ancient city in the Italian province of Perugia in east-central Umbria on a foothill of the Apennines. It is S. of Trevi, N. of Terni, SE of Perugia; SE of Florence; and N of Rome. History Spolet ...

. In 2004 the sub-holding company increased its ownership ratio to 75.81% (ordinary and preferred shares combined). In December 2008

Banca CR Firenze Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007. History Cassa di Risparmio di Firenze (The Saving Bank of Florence) was fou ...

, another bank from Intesa Sanpaolo Group, became the new sub-holding company by acquiring Casse del Centro from Intesa Sanpaolo. On 11 December 2014 Intesa Sanpaolo bought the remain 11.09% stake held by the foundation for €18,836,226.32. It was part of the reform of banking foundations, which the Ministry of Economy and Finance forced the foundations to diversify their investments. Despite the historical value of the stake of the bank (€10,742,657) held by the foundation, did not pass the limit of 33% of the total assets (€47,607,996 at 31 December 2013). However, the fair value (and later the sold value) of the stake, €18,836,226.32, was equal to 33.78% of the total assets (€55,759,184) of the organization as at 31 December 2014. In 2015, Intesa Sanpaolo decided to absorbed Carivit, Cariri and Cariciv (all from Lazio region) into the parent company, in order to simply the company structure. Intesa Sanapolo selling news shares of the company to buy the remain shares of Carivit. As at 31 December 2014 Intesa Sanpaolo owned 11.09% stake directly, and through non-wholly-owned subsidiary Banca CR Firenze for and additional 75.81%; 2.90% were treasury shares and only 10.20% were held by the third parties. Carivit had a shareholders' equity of €134,298,708 as at 31 December 2014.

Bank Foundation

Fondazione Cassa di Risparmio della Provincia di Viterbo or Fondazione Carivit was a minority shareholders of Cassa Depositi e Prestiti. The foundation had a shareholders' equity of €44,685,856 on 31 December 2014.

References

{{Authority control Defunct banks of Italy Former Intesa Sanpaolo subsidiaries Cariplo acquisitions Banks established in 1855 Banks disestablished in 2015 1855 establishments in the Papal States 2015 disestablishments in Italy Companies based in Lazio

History

Bank Foundation

See also

References