UniCredit Banca Mediocredito S.p.A. (UBMC) was an Italian commercial bank. The bank was dismantled on 31 December 2015, but the bank license was retained, which became 2S Banca, a company that specialized in securities service activities. On 4 October 2006 2S Banca was sold to Société Générale Security Services, a subsidiary of

Société Générale Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

for €579.3 million.

History

Mediocredito Piemontese was found as a

statutory corporation A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in ...

( it, ente di diritto pubblico). 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 became a limited company ( it,

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 ...

) in 1992. At that time the bank was already a subsidiary of

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 ...

(Banca CRT), which

Banca Popolare di Novara Banca Popolare di Novara was an Italian cooperative bank based in Novara, Piedmont. The bank was absorbed into parent company Banco Popolare in 2011 (Banco Popolare itself was merged in 2017 to form Banco BPM). However, the former company still op ...

(BPN) also owned a reported 32.85% capital of the bank in 1990. (disinvested to 10% share capital as at 31 December 2000) The bank was also renamed into Banca Mediocredito S.p.A. in the 1990s. In 1997 Mediocredito followed the parent company to join

Unicredito Unicredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona Banca) and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of ...

, which was merged with

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 ru ...

to form

UniCredito Italiano 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 for ...

in 1998 (UniCredit). As at 31 December 2000, Banca CRT owned 63.26% shares of Banca Mediocredito, as well as Cariverona owned 0.20% shares, making UniCredit controlled 63.46% shares of Banca Mediocredito (despite UniCredit did not own the 0.25% minority interests of Cariverona). In 2001 UniCredit acquired 10% shares of Mediocredito from BPN, as well as an additional 0.63% from other companies. In 2002 UniCredit acquired the minority interests of the Mediocredito from

Cassa di Risparmio di Biella e Vercelli Cassa di Risparmio di Biella e Vercelli S.p.A. known as BiverBanca, is an Italian saving bank based in Biella, Piedmont. It was acquired by fellow Piedmontese bank Cassa di Risparmio di Asti from Banca Monte dei Paschi di Siena in 2012. BiverBanc ...

(6.063% for €20.354 million),

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 ...

(5.83% for €19.569 million),

Banca Carige Banca Carige Società per azioni, S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an List of Italian banks, Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a ...

(1.755% for €6.23 million),

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 app ...

(1.11%),

Banca Intesa Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...

(0.27%), Cassa di Risparmio di Savona (0.25% for €0.873 million),

Carispezia Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian Italian(s) may refer to: * Anything of, from, ...

(0.11%) and other companies; as a result UniCredit owned 92.23% shares of Mediocredito directly as at 31 December 2002, also due to Banca CRT and Cariverona were absorbed into UniCredit. An additional 3.73% shares was acquired during year 2004 and 3.94% during 2005. A sister company, Mediovenezie Banca (of Cariverona Banca), was restructured to become UniCredito Gestione Crediti in 2002; in 2003 Banca Mediocredito was also renamed to UniCredit Banca Mediocredito. The company was restructured on 31 December 2005 which its business were transferred to

UniCredit Banca d'Impresa 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 for ...

(medium-to-long term financing and special loans), UniCredit Infrastrutture (project finance), UniCredit Real Estate (real estate), UniCredit Sistemi Informativi (Information Technology) and UniCredit Produzioni Accentrate (back office). The bank license was retained and the company was transformed into 2S Banca.

References

{{reflist, 30em Banks disestablished in 2005 2005 disestablishments in Italy Defunct banks of Italy Companies based in Turin Former UniCredit subsidiaries