Cassa di Risparmio della Marca Trivigiana also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. Due to , the bank was split into two organizations: Cassamarca S.p.A. and Fondazione Cassamarca – Cassa di Risparmio della Marca Trivigiana in 1992. The S.p.A. and the banking foundation were the founders of banking group

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 ...

in 1994, a predecessor of

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 ...

. The S.p.A. was absorbed into UniCredit in 2002; the banking foundation, survived as a charity organization (as of 2017), as well as owned 0.23% shares of UniCredit (as of 31 December 2016), as one of its investments. The history of the bank could also traced to 1496, which the founder and predecessor of the bank, Monte di Pietà di Treviso, was founded. The Monte was merged into the bank in 1942 after a 3 decades of split.

Predecessors

Monte di Pietà di Treviso

Monte di Pietà di Treviso was a mount of piety ( it, monte di pietà) founded in 1496, by Franciscan Domenico da Ponzone in the

Republic of Venice The Republic of Venice ( vec, Repùblega de Venèsia) or Venetian Republic ( vec, Repùblega Vèneta, links=no), traditionally known as La Serenissima ( en, Most Serene Republic of Venice, italics=yes; vec, Serenìsima Repùblega de Venèsia, ...

, 34 years after the first recorded mount of Italy was founded in Perugia, by other

Franciscans , image = FrancescoCoA PioM.svg , image_size = 200px , caption = A cross, Christ's arm and Saint Francis's arm, a universal symbol of the Franciscans , abbreviation = OFM , predecessor = , ...

, Bernardine of Feltre and Michele Carcano, in the Papal States. In 1822 the mount founded the savings bank of Treviso and again in 1907. After twice spin off, the mount was merged back to the savings bank in 1942. The mount was also known as Monte di Credito su Pegno di Treviso since 1935. The building of the mount contained several decoration and wall painting by various artists, such as

Lodewijk Toeput Lodewijk Toeput, called il Pozzoserrato (c. 1540/1550 – between 1603 and 1605)Teréz Gerszi, ''The Draughtsmanship of Lodewijk Toeput'', Master Drawings Vol. 30, No. 4 (Winter, 1992), pp. 367-395 at that time still part of the

Kingdom of Lombardy–Venetia The Kingdom of Lombardy–Venetia ( la, links=no, Regnum Langobardiae et Venetiae), commonly called the "Lombardo-Venetian Kingdom" ( it, links=no, Regno Lombardo-Veneto, german: links=no, Königreich Lombardo-Venetien), was a constituent land ...

of the

Austrian Empire The Austrian Empire (german: link=no, Kaiserthum Oesterreich, modern spelling , ) was a Central-Eastern European multinational great power from 1804 to 1867, created by proclamation out of the realms of the Habsburgs. During its existence ...

. Similar savings bank was also founded in other cities of modern Veneto region (as well as in Lombardy) by the Austrian government, such as

Venice Venice ( ; it, Venezia ; vec, Venesia or ) is a city in northeastern Italy and the capital of the Veneto region. It is built on a group of 118 small islands that are separated by canals and linked by over 400 bridges. The isla ...

Verona Verona ( , ; vec, Verona or ) is a city on the Adige River in Veneto, Italy, with 258,031 inhabitants. It is one of the seven provincial capitals of the region. It is the largest city municipality in the region and the second largest in nor ...

Vicenza Vicenza ( , ; ) is a city in northeastern Italy. It is in the Veneto region at the northern base of the ''Monte Berico'', where it straddles the Bacchiglione River. Vicenza is approximately west of Venice and east of Milan. Vicenza is a thr ...

Rovigo Rovigo (, ; egl, Ruig) is a city and ''comune'' in the Veneto region of Northeast Italy, the capital of the eponymous province. Geography Rovigo stands on the low ground known as Polesine, by rail southwest of Venice and south-southwest of P ...

and

Padua Padua ( ; it, Padova ; vec, Pàdova) is a city and ''comune'' in Veneto, northern Italy. Padua is on the river Bacchiglione, west of Venice. It is the capital of the province of Padua. It is also the economic and communications hub of the ...

in the 1820s. The savings bank of

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

, in the capital of the Empire, was founded in 1819. After the unification of Italy, in 1866, the savings bank gained its independent status, but affiliated to

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

(Cariplo; known as Cassa di Risparmio di Lombardia at that time) in 1868. The assets and liabilities were transferred to Treviso branch in 1872, as a fulfillment of the decree-law in 1868.

History

Cassa di Risparmio della Marca Trivigiana

The savings bank of Treviso was re-established by the mount in 1907 as Banco dei Depositi a Risparmio del Monte di Pietà di Treviso; it was separated from the mount in 1913 as Cassa di Risparmio della Marca Trivigiana. Marca Trivigiana was the ancient name of the area around Treviso. In 1928, due to the royal decree-law No.269 of 1927, (law no.2587 of 1927) the savings bank acquired fellow savings bank Cassa di Risparmio di Castelfranco Veneto, as the law promoted merger of savings banks that under a threshold of size. In 1938 Banca Popolare di Asolo was also acquired. The local mount of piety of Treviso was also merged with the savings bank in 1942 (during the World War II), along with counterpart in the ''

comuni The (; plural: ) is a local administrative division of Italy, roughly equivalent to a township or municipality. It is the third-level administrative division of Italy, after regions ('' regioni'') and provinces (''province''). The can also ...

'' of

Asolo Asolo () is a town and '' comune'' in the Veneto Region of northern Italy. It is known as "The Pearl of the province of Treviso", and also as "The City of a Hundred Horizons" for its mountain settings. History The town was originally a settlem ...

in 1941,

Castelfranco Veneto Castelfranco Veneto ( vec, Casteło) is a town and '' comune'' of Veneto, northern Italy, in the province of Treviso, by rail from the town of Treviso. It is approximately inland from Venice. History The town originates from a castle built he ...

in 1942 and

Vittorio Veneto Vittorio Veneto is a city and ''comune'' situated in the Province of Treviso, in the region of Veneto, Italy, in the northeast of Italy, between the Piave and the Livenza rivers, borders with the following municipalities: Alpago ( BL), Bellun ...

in 1949 after the war. A report by

Mediobanca Mediobanca is an Italian investment bank founded in 1946 at the initiative of Raffaele Mattioli (at that time CEO of Banca Commerciale Italiana, the largest commercial bank in Italy which promoted its incorporation together with Credito Italiano) ...

, shown the bank was ranked 74th by total assets in 1988, among all type of commercial banks.

Cassamarca S.p.A.

Due to , in 1992, the bank was split into two organizations, a

società per azioni ''Società'' (Italian language, 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 wer ...

and 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). ...

. At first the bank (Cassamarca S.p.A.) had a share capital of 270

billion Billion is a word for a large number, and it has two distinct definitions: *1,000,000,000, i.e. one thousand million, or (ten to the ninth power), as defined on the short scale. This is its only current meaning in English. * 1,000,000,000,000, i. ...

lire, excluding share premium. The law also started a merger and acquisition of the banking sector of Italy, especially the eventual birth of several banking group, especially in Veneto region as

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 ...

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 ap ...

, Banco Popolare di Verona e Novara, Banca Antonveneta,

Banca Popolare di Vicenza Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its si ...

and

Veneto Banca Veneto Banca S.p.A. is a former Italian bank headquartered in Montebelluna, Italy and currently a wind-down unit. The bank changed from a cooperative society to a limited company in December 2015. Following a failed stock market listing in June ...

. However, the consolidation also saw the retirement of the brand Cassamarca as a bank. A further amendment of laws in 1994, making directors of the foundation, cannot be a member the board of the bank that the foundation controlled; Dino De Poli, chairman of Cassamarca at that time, was temporarily allowed to remain in both of the boards, as the law also allowed banks that were merging with other banks, to do so. In the same year, Cassamarca formed a new banking group

with fellow Veneto savings bank Cariverona Banca S.p.A.;

Fondazione Cariverona Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known as Fondazione Cariverona is an Italian banking foundation based in Verona, Veneto region. The foundation was created in 1991. History Due to the , a law that required ba ...

was the largest shareholder of the new banking group. The proposed merger was announced in 1993. In 1995, Cariverona formed an alliance with

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 Ita ...

(Banca CRT), both banks were the leading savings bank of Italy according to Mediobanca's report in 1989. Their competitors Cariplo, was located in Lombardy region. Uncredito's competitors: the rest of the savings bank of Veneto merged to form

Casse Venete Banca Cassa di Risparmio del Veneto S.p.A., known as CR Veneto, was an Italian savings bank, headquartered in Padua, Veneto ( it, Padova). It was a subsidiary of Intesa Sanpaolo. History The bank was one of the oldest savings bank of Italy, which in 18 ...

in 1994. According to the

Bank of Italy The Bank of Italy ( Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's cur ...

figures, in term of market share in deposit ( it, quote di mercato dei depositi), before the merger of Cariverona (Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona), and Cassamarca, they also had a significant market share in their home province(s). For Cassamarca, it was 24.59% in the Province of Treviso in 1994. A minority stake of Slovak bank Pol'nobanka and Bosnian Croats bank Hrvatska Banka Mostar, were acquired by Cassamarca in 1995 and 1997, according to the company. In 1997 Banca CRT formally joined Unicredito and in the next year Unicredito 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 ...

to form UniCredito Italiano (now known as

). De Poli remained as the chairman of Cassamarca after the merger; he was replaced by Antonio Romano in October 2000, former chairman of Treviso's Chamber of Commerce. Cassamarca S.p.A. survived as a subsidiary of the banking group until 2002, which 7 sub-brands of UniCredito Italiano were merged to form

UniCredit Banca UniCredit Banca S.p.A. was the retail banking division of UniCredit Group. On 1 July 2002, Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste were merged into Credito ...

, as well as other divisions of the banking group, such as UniCredit Banca d'Impresa. , the former direct owner of Cassamarca S.p.A., the Fondazione Cassamarca, owned 2.801% share capital of UniCredito Italiano as the indirect minority owner of Cassamarca S.p.A.; immediately after the merger in 1998, the foundation owned 3.79% share capital of UniCredito Italiano.

Equity investments

* The

(0.06%) * Cariverona Ireland (25%) * Interporto di Venezia (35.14%) * Veneto Sviluppo (3.75%)

Banking foundation

Fondazione Cassa di Risparmio della Marca Trivigiana or Cassamarca Foundation ( it, Fondazione Cassamarca), is a banking foundation which succeed the bank as a charity organization. , the foundation had an equity of €494 million. It also owned 0.23% shares of

, or 13,963,410 number of shares before 2017 reverse stock split of the bank. The foundation did not write-down the value of the shares of UniCredit, but other foundation did, such as Fondazione CRTrieste, to reflect the market value of the shares. The net loss of the foundation, was also questioned by the Ministry of Economy and Finance. Dino De Poli was the chairman of the two management boards of the foundation: and . His term was most recently confirmed in 2016, until 2018 and 2020 respectively. It was reported that De Poli received €10 million as wage from 1992 to 2017 from the foundation. As part of a reform led by

Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione di Fondazioni e di Casse di Risparmio S.p.A. (Association of Foundations and Savings Banks) is an Italian banking association. The members were the savings banks ( it, casse di risparmio or singular ''cassa di risparmio'') of Italy, or ...

(ACRI) and the Ministry of Economy and Finance, a new articles of association of the organization was approved in 2016. Some of the member of the ''Consiglio di Indirizzo e di Programmazione'' would be elected by the mayor and university professor from Treviso area, which the foundation was obligated to support the area around Treviso. In December 2016, professor was confirmed as the vice-chairman of the aforementioned board. Some member were also professor, such as

Luca Antonini Luca Antonini (; born 4 August 1982) is an Italian former professional footballer who played as a defender. He is best known for his five–season stint at A.C. Milan, for which he played from 2008 until 2013. During that time, he made 111 app ...

and Ferruccio Bresolin. Local politicians, Giovanni Squizzato and Ubaldo Fanton were also the members of that board. The foundation is one of the 86 member banking foundations of the ACRI. In the past, the foundation also purchased and the adjacent barrack, as a campus for

Ca' Foscari University of Venice Ca' Foscari University of Venice ( it, Università Ca' Foscari Venezia, simply Università Ca' Foscari) is a public university in Venice, Italy. Since its foundation in 1868, it has been housed in the Venetian Gothic palace of Ca' Foscari, from ...

and the

University of Padua The University of Padua ( it, Università degli Studi di Padova, UNIPD) is an Italian university located in the city of Padua, region of Veneto, northern Italy. The University of Padua was founded in 1222 by a group of students and teachers from ...

. Ca' Foscari and the foundation also had a dispute on the payment of the salary of the staff of the Treviso campus, which the campus was supported by the foundation. The foundation also established the Australasian Centre for Italian Studies (ACIS) with the

University of Western Australia The University of Western Australia (UWA) is a public research university in the Australian state of Western Australia. The university's main campus is in Perth, the state capital, with a secondary campus in Albany and various other facilitie ...

in 2002. The foundation also signed a financial deal with

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 ...

in order to subscribe the capital increase of UniCredit in 2012, in order to prevent the dilution of the ownership ratio of the foundation over the bank.

Subsidiaries

* Appiani 1: SPV for Area Appiani project * Teatri e Umanesimo Latino: SPV for

Properties

* * * * former Monte di Pietà di Treviso headquarters – re-acquired from UniCredit in 2004

Arts collection

located in the headquarters of the former mount of piety * * * * * * * * * * * *

Footnotes

References

External links

* (currently redirect to UniCredit)
Official website of Fondazione Cassamarca
{{authority control Defunct banks of Italy Companies based in Treviso Former UniCredit subsidiaries Banks established in 1822 Italian companies established in 1822 1822 establishments in the Austrian Empire Re-established companies Banks disestablished in 2002 Italian companies disestablished in 2002 Mounts of piety