Cassa di Risparmio di Cento S.p.A. (known as CR Cento or Caricento in short) is an Italian savings bank based in

Cento The Middle East Treaty Organization (METO), also known as the Baghdad Pact and subsequently known as the Central Treaty Organization (CENTO), was a military alliance of the Cold War. It was formed in 24 February 1955 by Iran, Iraq, Pakistan, Turk ...

, Emilia-Romagna, which serve the Province of Ferrara, Bologna and Modena.

History

The bank was found on 26 April 1844 in

, 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 ...

and open to the public on 27 March 1859. In December 1991, due to , 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 Cento, a

banking foundation Banking foundation is a type of foundation that originated as a bank. The banking reforms split the banks (usually local and community owned savings banks, as a statutory corporation) into limited company and holding company (or banking foundation). ...

. Which the bank still majority owned by the foundation, through direct and indirect ownership (Holding Cassa di Risparmio di Cento S.p.A.). Casse Emiliano Romagnole was a minority shareholder for 20% shares, but sold the shares back to the foundation in 1997. In October 2017, northern Italy bank Banca Popolare di Sondrio announced that the bank had interested to buy CR Cento, after fellow savings banks of Emilia-Romagna were acquired by

BPER Banca BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...

and

Crédit Agricole Italia Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at ...

in 2017.

Banking foundation

Fondazione Cassa di Risparmio di Cento currently held an equity of €56 million as of 31 December 2013. The foundation sponsored

Prize Cento The Children's Literature Prize "Fondazione Cassa di Risparmio di Cento" is an international competition aimed at authors of children's books (elementary and middle school) in Italian, original or translated. Origins The Prize Cento was establish ...

, a prize for literature.

References

External links

*
Fondazione Cassa di Risparmio di Cento
Banks of Italy Cento Companies based in the Province of Ferrara Banks established in 1859 Italian companies established in 1859 {{Italy-bank-stub

History

Banking foundation

See also

References

External links