Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of

Intesa Sanpaolo Intesa Sanpaolo Società per azioni, S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a ...

. The former owner of the bank, ''Fondazione di Venezia'', still acts as a charity organization.

History

Reform in the banking sector in Venice was found by Napoleonic Italy as ''Banco Pignoratizio Comunale'' in 1806, using

mount of piety A mount of piety is an institutional pawnbroker run as a charity in Europe from Renaissance times until today. Similar institutions were established in the colonies of Catholic countries; the Mexican Nacional Monte de Piedad is still in operation ...

model. In 1820, the

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 ...

(part of Austrian Empire) government introduce savings bank () system to the city, which the opening of Cassa di Risparmio di Venezia was gazetted on 13 February 1822, despite the bank already opened on 12 February, the birthday of

Francis II, Holy Roman Emperor Francis II and I (; 12 February 1768 – 2 March 1835) was the last Holy Roman Emperor as Francis II from 1792 to 1806, and the first Emperor of Austria as Francis I from 1804 to 1835. He was also King of Hungary, List of rulers of Croatia, Croa ...

(the ruler of Austrian Empire). in the 20th centenary, Carive opened branches in

Mestre Mestre () is a borough of the comune of Venice on the mainland opposite the historical island city in the region of Veneto, Italy. Administratively, Mestre forms (together with the nearby Carpenedo) the Municipalità di Mestre-Carpenedo, one ...

(1910),

Portogruaro Portogruaro (, ) is a town and ''comune'' in the Metropolitan City of Venice, Veneto, northern Italy. The city is the centre of a district, made up of 11 ''comuni'', which form the Venezia Orientale with the San Donà di Piave district. History ...

(1911),

Chioggia Chioggia (; , ; ) is a coastal town and (municipality) of the Metropolitan City of Venice in the Veneto region of northern Italy. Geography The town is located on a small island at the southern entrance to the Venetian Lagoon about sou ...

(1912) and

Dolo Dolo may refer to: Places *Dolo, Veneto, a town in the province of Venice, northern Italy *Dolo (river), a river in the Reggio-Emilia province of Italy *Dolo, Burkina Faso, a town in Burkina Faso *Dolo, Côtes-d'Armor, a town in France *Dolo, Eth ...

(1913), the cities and towns in the modern Province of Venice. In 1987, Carive had 59 branches in the Province. Since 1988, more branches were opened in the rest of Veneto region, as well as in

Friuli Friuli (; ; or ; ; ) is a historical region of northeast Italy. The region is marked by its separate regional and ethnic identity predominantly tied to the Friulians, who speak the Friulian language. It comprises the major part of the autono ...

. Also due to , the daily banking operation, charity and ownership of the bank were separated 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 a banking foundation ''Fondazione Cassa di Risparmio di Venezia'' in 1992. In 1994, the bank merged with the savings bank of Padova and Rovigo,

Gorizia Gorizia (; ; , ; ; ) is a town and (municipality) in northeastern Italy, in the autonomous region of Friuli-Venezia Giulia. It is located at the foot of the Julian Alps, bordering Slovenia. It is the capital of the Province of Gorizia, Region ...

, Udine & Pordenone and

Banca Agricola di Cerea Cassa di Risparmio del Veneto S.p.A., known as CR Veneto, was an Italian savings bank, headquartered in Padua, Veneto (). It was a subsidiary of Intesa Sanpaolo. History The bank was one of the oldest savings bank of Italy, which in 1822 the gove ...

to form a single holding company Casse Venete Banca, despite the subsidiaries still operated as separate entity. In 2000, Carive followed the parent company to merge with

Casse Emiliano Romagnole Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and banking group, based in Bologna, Emilia-Romagna. The main company of the group was Cassa di Risparmio in Bologna (Carisbo). History Due to Legge Amato, all savin ...

Group to form

Cardine Banca Cardine Banca S.p.A. was an Italian banking group that operated between 2000 and 2002. It was acquired by Sanpaolo IMI an banking and insurance conglomerate. History The bank was founded in 2000 by the merger of Casse Emiliano Romagnole and Cas ...

Group. In 2002, Carive followed the group to merge with

Sanpaolo IMI Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006, a merger with Banca Intesa was announced, which on 1 December 2006 was ap ...

. On 2 January 2007, Carive became part of

Group after another merger. In 2014 the bank was absorbed into the parent company, as the parent company planned to reduce the brand of the group. All former branches of Carive now bear the name of Intesa Sanpaolo directly. The last full year result of the bank were: revenue of €183 million, net profits of €50 million, total asset of €4.432 billion and equity of €415 million.

Banking foundation

The former owner of the bank, ''Fondazione Cassa di Risparmio di Venezia'' or ''Fondazione di Venezia'' still held 0.33215% shares of Intesa Sanpaolo, or 0.35197% ordinary shares, as of 31 December 2013.

References

External links

Official site
Banks established in 1822 Banks disestablished in 2014 Italian companies established in 1822 1822 establishments in the Austrian Empire Italian companies disestablished in 2014 Defunct banks of Italy Companies based in Venice Former Intesa Sanpaolo subsidiaries Cardine Banca {{Italy-bank-stub

History

Banking foundation

See also

References

External links