Banca Popolare Commercio e Industria S.p.A. (BPCI) was an Italian bank based in Milan, Lombardy. Found in 1888, the bank absorbed other banks in the 20th century, as well as forming bank group with other banks in the first decade of the 21st century. However, in late 2016 the bank was absorbed by parent company

UBI Banca Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca, was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading ...

, becoming a defunct brand. As of 31 December 2014 BPCI had 196 branches, 148 of them in Lombardy, followed by 27 in Emilia-Romagna, 20 in Lazio and 1 in Tuscany.

History

In 2010, Banca Popolare Commercio e Industria sold 87 branches to sister companies, as well as acquired 134 branches. Moreover,

Banca Regionale Europea Banca Regionale Europea was an Italian bank based in Cuneo, Piedmont. The bank was a merger of Cassa di Risparmio di Cuneo and Banca del Monte di Lombardia in 1995. History In 2000, the bank joined Group Banca Lombarda e Piemontese. Banca Lombar ...

(BRE), formed by a merger of Lombard and Piedmontese bank ( Banca del Monte di Lombardia and

Cassa di Risparmio di Cuneo Cassa di Risparmio di Cuneo S.p.A. was an Italian savings bank based in Cuneo, Piedmont. The organization ceased to operate as a bank, turning into a non-profit organization as ''Fondazione Cassa di Risparmio di Cuneo''. History Cassa di Risparmi ...

), retained only one branch in Lombardy. One of the minority owner of BRE, the banking foundation of Banca del Monte di Lombardia, acquired the shares of BPCI from UBI Banca, at the same time sold all the shares of BRE to UBI Banca. As of 31 December 2010, UBI Banca owned 75.077% shares of BPCI, followed by the banking foundation (16.237%) and Aviva S.p.A. (8.686%). Before the transaction, Aviva held 16.64% and the rest by UBI Banca.

Timeline

*1963 Incorporated Cassa San Alessandro di Bergamo *1968 Acquired Banca Toljia *1977 Incorporated Banca Popolare di Codogno *1980 Incorporated Credito Lodigiano *1991 Incorporated Banca Popolare di Vigevano *1996 Acquired

Banca Popolare di Luino e di Varese Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

*2001 Acquired

Banca Carime Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), Cam ...

*2003 merged with Banca Popolare di Bergamo to form Banche Popolari Unite Group *2007 Banche Popolari Unite merged with Banca Lombarda e Piemontese to form

*2010 Internal reorganization with

, Banca Popolare di Bergamo and Banco di Brescia *2016 Absorbed by UBI Banca, former headquarter at 33 via Moscova sold to Sericon Investment Fund, managed by Savills Investment Management SGR

References

External links

archive
at Borsa Italiana
Storia
(in Italian) {{Portalbar, Banks Banks established in 1888 Italian companies established in 1888 Banks disestablished in 2016 2016 disestablishments in Italy Companies based in Milan Former UBI Banca subsidiaries Defunct cooperative banks of Italy