La Cassa di Ravenna S.p.A., formerly Cassa di Risparmio di Ravenna S.p.A. and Cassa di Risparmio di Ravenna, is an Italian
savings bank
A savings bank is a financial institution whose primary purpose is accepting savings deposits and paying interest on those deposits.
They originated in Europe during the 18th century with the aim of providing access to savings products to ...
. The bank is based in Ravenna, Emilia-Romagna region. The bank also has branches in
Ancona
Ancona (, also , ) is a city and a seaport in the Marche region in central Italy, with a population of around 101,997 . Ancona is the capital of the province of Ancona and of the region. The city is located northeast of Rome, on the Adriatic ...
and
Gabicce Mare in Marche region and in
Rome
, established_title = Founded
, established_date = 753 BC
, founder = King Romulus ( legendary)
, image_map = Map of comune of Rome (metropolitan city of Capital Rome, region Lazio, Italy).svg
, map_caption ...
,
Lazio
it, Laziale
, population_note =
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region.
History
Since the bank reform due to in 1991, the bank was split into 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 non-profit banking foundation "Fondazione Cassa di Risparmio di Ravenna".
In 2016, the minority shareholders of subsidiary Argentario, including
Assicurazioni Generali
Assicurazioni Generali S.p.A. ( , ; meaning 'general insurances') or simply Generali Group is an Italian insurance company based in Trieste. As of 2019, it is the largest of its kind in Italy and among the top ten largest insurance companies i ...
(for 13.50%), accepted the plan to sell their shares of Argentario to the bank, for 16.191 shares of Argentario to 1 share of the bank. The bank paid the minority shareholders by
treasury shares
A treasury stock or reacquired stock is stock which is bought back by the issuing company, reducing the amount of outstanding stock on the open market ("open market" including insiders' holdings).
Stock repurchases are used as a tax efficient ...
. The bank owned 98.24% shares of the intermediate holding company, increasing from 82.30%.
Subsidiaries
*
Banco di Lucca e del Tirreno
Banco may refer to:
Places
* Banc (Barcelona Metro), also called Banco, a closed metro stop on the Barcelona metro
* Banco, Virginia, an unincorporated community
* Banco, West Virginia, an unincorporated community
* Banco National Park, a nationa ...
* Italcredi (70.00%)
* Sorit (76.05%)
*
Banca di Imola
*
Consultinvest Asset Management SGR (Joint venture, 50.00%)
;former
* Argentario (ex-Società Finanziaria di Banche Romagnole)
Former equity interests
*
Cassa di Risparmio di Saluzzo (2%)
See also
*
Cassa di Risparmio di Cesena - another bank from Romagna region
**
Banca di Romagna
*
Cassa dei Risparmi di Forlì e della Romagna - another bank from Romagna region
*
Banca Carim - another bank from Romagna region
References
External links
*
Banks established in 1840
1840 establishments in the Papal States
Banks of Italy
Companies based in Ravenna
Italian companies established in 1840
{{Italy-bank-stub