Cassa di Risparmio di Civitavecchia (Cariciv) was an Italian retail bank based in Civitavecchia, in the Metropolitan City of Rome Capital. In 2015, along with two other Lazio-based subsidiaries:

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 ...

and Viterbo, were absorbed by parent company Intesa Sanpaolo. Fondazione Cassa di Risparmio di Civitavecchia found in 1992 by separating the charity function from the bank, was still operates as in 2016.

History

The history of banking activities in Civitavecchia, could be traced back to the local mount of piety. In 1847 the saving bank ( it, Cassa di Risparmio) was found by the instruction of

Pope Pius IX Pope Pius IX ( it, Pio IX, ''Pio Nono''; born Giovanni Maria Mastai Ferretti; 13 May 1792 – 7 February 1878) was head of the Catholic Church from 1846 to 1878, the longest verified papal reign. He was notable for convoking the First Vatican ...

, the head of states of the Papal States which Civitavecchia belongs at that time. Father

Felice Guglielmi Felice is a name that can be used as both a given name, masculine or feminine, and a surname. It is a common name in Italian, where it is equivalent to Felix. Notable people with the name include: Given name Arts and literature Film and theater *F ...

was the first president of the bank, with local

chamber of commerce A chamber of commerce, or board of trade, is a form of business network. For example, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to ad ...

and commune government were the main funders. In 1992, 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 organization was split into Cassa di Risparmio di Civitavecchia S.p.A. (limited company) and Ente Cassa di Risparmio di Civitavecchia (later renamed from ''ente'' to foundation, it, fondazione). Banca di Roma also purchased 28.57% shares of the bank at that time. The bank was later acquired by

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 ...

(Florence Saving Bank). In 2000 Florence Saving Bank purchased an additional 11% shares (increased from 40%) for 30.7 billion lire (about €16 million). The foundation retained 49% shares until 2014. The bank followed Florence Saving Bank to become part of Intesa Sanpaolo in 2008. In December 2014 Intesa Sanpaolo purchased the remain 49% shares for €52 million, as the first step of simplify group structure. In the other hand, the Ministry of Economy and Finance had also introduced reform to banking foundations, forcing them to diversify investments (no single investment (in fair value) accounted for 33% of the total assets). The stake in the bank accounted for 46.66% of the total assets of the foundation, as at 31 December 2013, based on the historical price Banca CR Firenze paid on 15 June 2000. In 2015, Cariciv,

and Viterbo, were absorbed by parent company Intesa Sanpaolo. In the last annual report of the bank, Cariciv had a shareholders equity of €76,183,889 as on 31 December 2014.

References

External links

* Defunct banks of Italy Former Intesa Sanpaolo subsidiaries Banca CR Firenze acquisitions Banks established in 1847 Banks disestablished in 2015 1847 establishments in the Papal States Companies based in Lazio Civitavecchia Italian companies disestablished in 2015 Italian companies established in 1847 {{Italy-bank-stub