Cassa di Risparmio di Alessandria was an Italian regional bank based in Alessandria, Piedmont. It was absorbed into the parent company

Banca Popolare di Milano Banca Popolare di Milano S.p.A. also known as Bipiemme or just BPM is an Italian bank based in Milan, Lombardy. The bank is a wholly owned subsidiary of Banco BPM. Banca Popolare di Milano S.c. a r.l., an urban area cooperative bank, was founded ...

in 2012. The former owner of the bank, Fondazione Cassa di Risparmio di Alessandria, still operates as a charity organization.

History

Founded on 21 August 1838, at that time still in

Kingdom of Sardinia The Kingdom of Sardinia,The name of the state was originally Latin: , or when the kingdom was still considered to include Corsica. In Italian it is , in French , in Sardinian , and in Piedmontese . also referred to as the Kingdom of Savoy-S ...

. The daily banking operation and ownership were split into a

società per azioni ''Società'' (Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders were Ranuccio Bianchi ...

and Fondazione Cassa di Risparmio di Alessandria in 1991.

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 ...

also subscribed the capital increase of the bank for 23

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i.e ...

lire (15.330 billion lire increase in share capital), owning 11.33% stake after the deal. In 1995, the bank was merged with the saving banks ( it, Cassa di Risparmio) from

Spezia La Spezia (, or , ; in the local Spezzino dialect) is the capital city of the province of La Spezia and is located at the head of the Gulf of La Spezia in the southern part of the Liguria region of Italy. La Spezia is the second largest city ...

and

Carrara Carrara ( , ; , ) is a city and ''comune'' in Tuscany, in central Italy, of the province of Massa and Carrara, and notable for the white or blue-grey marble quarried there. It is on the Carrione River, some Boxing the compass, west-northwest o ...

to form "Carinord Holding" (acronym of ''Ca.Ri.'' North), which the former owners of the banks (the foundations) as well as

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) were the new shareholders of the holding company, despite the three banks remains as separate subsidiaries. In 2002 CR Alessandria was break away from the union, which Foundation CR Alessandria and Cariplo were the major shareholders of the bank (80%) through "Carinord 1 SpA", a 50-50 joint venture. The foundation held 20% directly, thus held 60% shares directly and indirectly in total. In 2003

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 s ...

(ex-Cariplo) sold its shares on the bank to

. At the same time the foundation held a minority shares of Banca Popolare di Milano and some of its subsidiaries, as well as retained the 20% shares on CR Alessandria. On 11 February 2012 the bank was absorbed by

Banca di Legnano Banca di Legnano was an Italian bank based in Legnano, Lombardy. The bank was absorbed into the parent company Banca Popolare di Milano in 2013. History Banca di Legnano was a subsidiary of Banca Commerciale Italiana (BCI) for 55% shares. In 1999, ...

, a wholly owned subsidiary of Banca Popolare di Milano, despite Banca di Legnano was absorbed also in 2013. CR Alessandria was the minority shareholders of

Cassa di Risparmio di Tortona Cassa di Risparmio di Tortona was an Italian savings bank based in Tortona, Piedmont. The bank was merged into Banca Lombarda in 1999 (the predecessor of UBI Banca), while the former owner of the bank, ''Fondazione Cassa di Risparmio di Tortona'' ...

which acquired from

Cassa di Risparmio di Torino Banca Cassa di Risparmio di Torino S.p.A. known as Banca CRT, or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group to merge with Credito Itali ...

. Due to 2003 transactions, the shares of Tortona was owned by the foundation of CR Alessandria instead.

Bank Foundation

Fondazione Cassa di Risparmio di Alessandria still operates as a charity organization. In 2006 the foundation sold the minority shares holding in

Banca Regionale Europea Banca Regionale Europea was an Italian bank based in Cuneo, Piedmont. The bank was a merger of Cassa di Risparmio di Cuneo and Banca del Monte di Lombardia in 1995. History In 2000, the bank joined Group Banca Lombarda e Piemontese. Banca Lombarda ...

, a subsidiary of

Banca Lombarda e Piemontese Banca Lombarda e Piemontese was an Italian banking group. It was formed as Banca Lombarda in 1998 by the merger of Banca San Paolo di Brescia (with subsidiary Banca di Valle Camonica) and Credito Agrario Bresciano (with subsidiary Banco di San G ...

for €38.5 million. As of 31 December 2013, the foundation had an equity of €311,593,557. The foundation held a minority shares holding in

Cassa Depositi e Prestiti Cassa Depositi e Prestiti S.p.A. (also kwown as CDP or CDP Group) is a prominent Italian investment bank founded on November 20, 1850, in Turin. Its main duty was to finance public works like roads and waterworks during the reign of Victor Emman ...

for 39,932 shares, as well as 0.506% of

References

External links

Fondazione Cassa di Risparmio di Alessandria
Banks established in 1838 Banks disestablished in 2012 Italian companies disestablished in 2012 Defunct banks of Italy Companies based in Piedmont Alessandria Banca Popolare di Milano Italian companies established in 1838 {{Italy-bank-stub

History

Bank Foundation

See also

References

External links