Cassa di Risparmio di Prato S.p.A. or known as Cariprato or C.R. Prato, is a former Italian saving bank based in

Prato Prato ( ; ) is a city and municipality (''comune'') in Tuscany, Italy, and is the capital of the province of Prato. The city lies in the northeast of Tuscany, at an elevation of , at the foot of Monte Retaia (the last peak in the Calvana ch ...

Tuscany Tuscany ( ; ) is a Regions of Italy, region in central Italy with an area of about and a population of 3,660,834 inhabitants as of 2025. The capital city is Florence. Tuscany is known for its landscapes, history, artistic legacy, and its in ...

. It was acquired by

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 ...

(BPVi) in 2003. In 2010 it was completely absorbed by the parent company as its own branded branches. The former owner of the bank, Fondazione Cariprato, as of 31 December 2013, still owned 0.5% shares of BPVi.2013 bilancio
Fondazione Cariprato However, in January 2015 the foundation also announced that they would diversify their investments by decreasing the shares holding on one company.

History

Cassa di Risparmio di Prato was found in 1830 in the

Grand Duchy of Tuscany The Grand Duchy of Tuscany (; ) was an Italian monarchy located in Central Italy that existed, with interruptions, from 1569 to 1860, replacing the Republic of Florence. The grand duchy's capital was Florence. In the 19th century the population ...

, a year after the formation of Cassa di Risparmio di Firenze. The bank gained an independent status (part away from C.R. Firenze) on 13 October 1882. Cariprato was the first bank that bail-out by

Fondo Interbancario di Tutela dei Depositi Fondo () is a ''Communes of Trentino, comune'' (municipality) in Trentino in the northern Italy, Italian region Trentino-Alto Adige/Südtirol, located about north of Trento, precisely at the northern limit of the Val di Non. Fondo borders the f ...

in 1988, which the bank was acquired by

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's List of oldest banks, oldest ...

(Banca MPS). In 1992, 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 Legg ...

the bank was divided into

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 ...

(limited company) and Fondazione Cariprato (a banking foundation). In 1995 a new

legal person In law, a legal person is any person or legal entity that can do the things a human person is usually able to do in law – such as enter into contracts, lawsuit, sue and be sued, ownership, own property, and so on. The reason for the term "''le ...

for the bank was incorporated, which the banking foundation only owned 21% shares. Banca MPS sold the controlling interests (79%) to

in March 2003 for €411.2 million. Due to the 2010 complete takeover, the foundation gained about 0.5% shares of BPVi (347,459 number of shares of BPVi with €60.5 unit price, plus €33,378,513.5 cash for 13% Cariprato shares) as well as €33,440,000 for the remaining 8%. The takeover also caused a minor conservatory, which the arts collection of Cariprato had moved to Vicenza instead of remained in Prato.

Banking foundation

Fondazione Cassa di Risparmio di Prato or Fondazione Cariprato currently is a charity organization. The foundation failed to elect the board of director in 2013.

References

External links

Fondazione Cariprato
Banks established in 1830 Banks disestablished in 2010 1830 establishments in Italy Italian companies disestablished in 2010 Defunct banks of Italy Companies based in Tuscany Prato Former Montepaschi subsidiaries Banca Popolare di Vicenza {{Italy-bank-stub

History

Banking foundation

See also

References

External links