Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with

Banco Ambrosiano Veneto Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto. Since 1989, Crédit ...

to form

Banca Intesa Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become ...

. Cariplo SpA became a short-lived sub-holding company of Intesa in late 1990s, and was fully absorbed circa 2000.

History

The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in

Kingdom of Lombardy–Venetia The Kingdom of Lombardy–Venetia (), commonly called the "Lombardo-Venetian Kingdom" (; ), was a constituent land (crown land) of the Austrian Empire from 1815 to 1866. It was created in 1815 by resolution of the Congress of Vienna in recogniti ...

, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera and Cassa di Risparmio di Novara in 1928. In December 1991, due to Legge Amato, the bank, as

società per azioni (; abbr. S.p.A. or spa ) is a form of corporation in law of Italy, Italy, meaning 'company with shares' (although often translated as 'joint-stock company', which may or may not be a limited liability entity). It is more or less equivalent to ...

, and

Fondazione Cariplo Fondazione Cariplo is a charitable foundation in Milan, Italy. It was created in December 1991 when the Amato law, Law no. 218 of 30 July 1990, came into force. Under this law, saving banks were required to separate into a not-for-profit foun ...

were formed to separate ownership, charity and daily banking operation. The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of

Alessandria Alessandria (; ) is a city and commune in Piedmont, Italy, and the capital of the Province of Alessandria. It is also the largest municipality of the region. The city is sited on the alluvial plain between the Tanaro and the Bormida rivers, ...

Carrara Carrara ( ; ; , ) is a town and ''comune'' in Tuscany, in central Italy, of the province of Massa and Carrara, and notable for the white or blue-grey Carrara marble, marble quarried there. It is on the Carrione River, some Boxing the compass, ...

and

Spezia La Spezia (, or ; ; , in the local ) is the capital city of the province of La Spezia and is located at the head of the Gulf of La Spezia in the southern part of the Liguria region of Italy. La Spezia is the second-largest city in the Liguri ...

to form Carinord Holding SpA in 1995, (Ca.Ri."

Nord Nord, a word meaning "north" in several European languages, may refer to: Acronyms * National Organization for Rare Disorders, an American nonprofit organization * New Orleans Recreation Department, New Orleans, Louisiana, US Film and televisi ...

", a joint venture of the owners of

and

and Cariplo) as well as Calabria e Lucania (Carical),

Puglia Apulia ( ), also known by its Italian language, Italian name Puglia (), is a Regions of Italy, region of Italy, located in the Southern Italy, southern peninsular section of the country, bordering the Adriatic Sea to the east, the Strait of Ot ...

(Caripuglia),

Salernitana Unione Sportiva Salernitana 1919 is an Italian professional football club based in Salerno, Campania. The original club was founded in 1919 and has been reconstituted three times in the course of its history, most recently in 2011. The current ...

(Carisal) (the formation of

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 ...

). In Marche,

Fermo Fermo (; ancient: Firmum Picenum) is a town and ''comune'' of the Marche, Italy, in the Province of Fermo. Fermo is on a hill, the Sabulo, elevation , on a branch from Porto San Giorgio on the Adriatic coast railway. History The oldest huma ...

(33.3%), Ascoli (25%),

Banca delle Marche Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region ...

(5.13%) were acquired. In Umbria,

Spoleto Spoleto (, also , , ; ) is an ancient city in the Italian province of Perugia in east-central Umbria on a foothill of the Apennines. It is south of Trevi, north of Terni, southeast of Perugia; southeast of Florence; and north of Rome. H ...

Città di Castello Città di Castello (); "Castle Town") is a city and ''comune'' in the province of Perugia, in the northern part of Umbria. It is situated on a slope of the Apennine Mountains, Apennines, on the flood plain along the upper part of the river Tiber. T ...

Foligno Foligno (; Central Italian, Southern Umbrian: ''Fuligno'') is an ancient town of Italy in the province of Perugia in east central Umbria, on the Topino river where it leaves the Apennine Mountains, Apennines and enters the wide plain of the Clit ...

(18.34%); in Lazio the province of Viterbo and

Rieti Rieti (; , Sabino: ) is a town and ''comune'' in Lazio, central Italy, with a population of 47,700. It is the administrative seat of the province of Rieti and see of the diocese of Rieti, as well as the modern capital of the Sabina region. T ...

; in Abruzzo Cassa di Risparmio della Provincia di Chieti, Cassa di Risparmio della Provincia di Teramo and Cassa di Risparmio di Pescara e Loreto Aprutino (20% each). Other banks acquired were Banca Monte Parma (20.5%), German bank Bankhaus Löbbecke and Hungarian bank Európai Kereskedelmi Bank. In 1997 Fondazione Cariplo and Cariverona agreed a deal on

's shares, which led to the ultimate merger on 2 January 1998. On 30 September 1997 Fondazione Cariplo held 13.42% shares of Banco Ambrosiano Veneto and 100% shares of Cariplo SpA.

References

External links

Group History
Intesa Sanpaolo official website Defunct banks of Italy Banks established in 1823 Banks disestablished in 1998 1823 establishments in the Austrian Empire 1998 disestablishments in Italy Companies based in Milan Cassa di Risparmio delle Provincie Lombarde Italian companies established in 1823 {{Italy-bank-stub

History

See also

References

External links