Banca Popolare di Novara was an Italian cooperative bank based in

Novara Novara (, Novarese: ) is the capital city of the province of Novara in the Piedmont region in northwest Italy, to the west of Milan. With 101,916 inhabitants (on 1 January 2021), it is the second most populous city in Piedmont after Turin. It i ...

, Piedmont. The bank was absorbed into parent company

Banco Popolare Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017. The bank was ...

in 2011 (Banco Popolare itself was merged in 2017 to form

Banco BPM Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM) (approved by the board of directors on 24 May 2016). The bank is the third largest retail and corpora ...

). However, the former company still operates as a division and a brand of the group.

History

Banca Popolare di Novara Società Cooperativa a Responsabilità Limitata was founded in 1871. The bank was a minority shareholder of Mediocredito Piemontese, which was sold to

UniCredit 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 fo ...

in 2001. As at 31 December 2001, BPN had a total assets of €20,205,897,672, a net equity of €1,627,729,000 in the separate balance sheets. In 2001 the bank was ranked the 18th by deposits (€14,743,042,000), comparing to the 13th by Banca Popolare di Verona – SGSP (€20,394,760,000).

BPVN era

In 2002 BPN was merged with Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.a r.l. (BPV–SGSP), the former BPN shareholders became the shareholders of a new company Banco Popolare di Verona e Novara S.c.a r.l. (BPVN; P.IVA 03231270236); the original bank network of BPN was re-incorporated as a new subsidiary as Banca Popolare di Novara S.p.A. (from cooperative limited partnership to company limited by shares ; P.IVA 01848410039)

Banco Popolare era

In 2007 BPVN was merged with Banca Popolare di Lodi S.c.a r.l..

S.C. became the holding company instead. In 2008 the group remapped its branch network, which BPN was specialized in Piedmont, Apulia, Campania, Basilicata and Molise instead. In 2011 the company was absorbed into Banco Popolare. However it retained as a division of the bank, which included

Banco Popolare Siciliano Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily. History Predecessors Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Pop ...

which was transferred from BPL division, as well as Central-South Italy sub-division.

Sponsorship

The bank was a sponsor of

Novara Calcio Novara Football Club, commonly referred to as Novara, is an Italian football club based in Novara, Piedmont. The club was founded in 2021 by the City of Novara to replace old Novara Calcio that lost its professional status. History In Decembe ...

References

External links

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archive
in Borsa Italiana {{Authority control Defunct cooperative banks of Italy Italian brands Banks established in 1871 Italian companies established in 1871 Banks disestablished in 2011 Italian companies disestablished in 2011 Companies based in Piedmont Banco Popolare Novara Companies formerly listed on the Borsa Italiana