Cassa di Risparmio di Asti known as Banca CR Asti or just Banca di Asti, is an Italian saving bank based in Asti, Piedmont. It serves Piedmont and Lombardy regions.

History

The bank was found on 25 January 1842 in Asti, in the

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 ...

. 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 ...

, on 24 June 1992 the bank was split into Cassa di Risparmio di Asti S.p.A. and Fondazione Cassa di Risparmio di Asti (gazetted on 17 July). In 1996 the banking foundation sold part of the shares to private citizens. In 1999 a further 20% was sold to the

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

(via its subsidiary Deutsche Bank S.p.A.), which was acquired by

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 founde ...

(via subsidiary

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 ...

) in 2004, for €93 million. The banking foundation retained 51.05% shares prior 2008 capital increase. Prior to 2013 capital increases, the banking foundation held 50.45% shares, which was decreased to 50.42% on 28 March 2013. The ownership was further diluted due to another capital increases in 2015. In December 2012 the bank acquired 60.42% shares of

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. BiverBanca ...

, another Piedmontese bank, from Banca Monte dei Paschi di Siena for €206 million.

Subsidiary

(Biverbanca)

References

External links

*
Official website of the Fondazione Cassa di Risparmio di Asti
Banks established in 1842 1842 establishments in the Kingdom of Sardinia Banks of Italy Companies based in Piedmont Asti Privately held companies of Italy Italian companies established in 1842 {{Italy-bank-stub

History

Subsidiary

See also

References

External links