Cassa di Risparmio di Fossano is an Italian savings bank based in Fossano, in the province of Cuneo, Piedmont.

Monte di Pietà A mount of piety is an institutional pawnbroker run as a charitable organization, charity in Europe from Renaissance times until today. Similar institutions were established in the colonies of Catholic countries; the Mexican Nacional Monte de Pie ...

di Fossano was founded in 1591. In 1905 the bank was formed by the mount of piety. Since the bank reformed in 1991, it was split into a

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 a non-profit banking foundation.

Cassa di Risparmio di Torino Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in Turin, founded in 1827 and merged into Unicredito in 1997. In 1998, Unicredito merged with Credito Italiano to form UniCredi ...

(Banca CRT) once became a minority shareholder of the bank. However, its successor,

UniCredit UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...

, sold their possession on Fossano (23.077%),

Bra A bra, short for brassiere or brassière (, ; ), is a type of form-fitting underwear that is primarily used to support and cover a woman's breasts. A typical bra consists of a chest band that wraps around the torso, supporting two breast cups ...

(31.021%),

Saluzzo Saluzzo (; ) is a town and former principality in the province of Cuneo, in the Piedmont region, Italy. The city of Saluzzo is built on a hill overlooking a vast, well-cultivated plain. Iron, lead, silver, marble, slate etc. are found in the su ...

(31.019%) and

Savigliano Savigliano () is a of Piedmont, Northern Italy, in the Province of Cuneo, about south of Turin by rail. It is home to ironworks, foundries, locomotive works (once owned by Fiat Ferroviaria, now by Alstom) and silk manufactures, as well as sugar ...

(31.006%) to

Banca Popolare dell'Emilia Romagna BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of ...

for about €149 million in 2006 (which BPER paid €36.898 million for CR Fossano's shares).

References

Banks established in 1905 Italian companies established in 1905 Banks of Italy Companies based in Piedmont Fossano {{Italy-bank-stub

See also

References