Credito Romagnolo nicknamed Rolo was an Italian bank based in Bologna, Emilia-Romagna. In 1995 it was acquired by

Credito Italiano ''Credito Italiano'', often referred to by the shorthand Credit, was a significant Italian bank based in Milan. It was established in 1895, succeeding the ''Banca di Genova'' established in 1870 in Genoa. In 1998 it merged with Unicredito to form ...

. In 1996 Credito Romagnolo Group (Credito Romagnolo Holding and Credito Romagnolo S.p.A.) were merged with Group Carimonte Banca to form Rolo Banca.

History

Banca Piccolo Credito Romagnolo was found in 1896. In 1987 the bank acquired Banca Venturi, a bank based in Apulia. In 1992–94 the bank absorbed

Banca del Friuli Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

, a bank based in Friuli – Venezia Giulia region. In 1991 Credito Romagnolo had a market share of 11.9% in lending in Emilia-Romagna, while Banca del Friuli had a market share of 8.5% in Friuli – Venezia Giulia. In 1994 the bank acquired Banca Popolare del Molise. The bank also owned Banca Agricola Commerciale (San Marino) at that time. In 1994 the bank proposed a merger plan to the shareholders of

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 ...

(CAER), which all shares of CAER would be offer for new shares of Credito Romagnolo. However, it was rejected. CAER's successor was absorbed by

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 ...

in 2002, which became part 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 ...

in 2007, the archrival of

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' ...

, the successor of

. In 1994 also saw a consortium of

Cassa di Risparmio delle Provincie Lombarde 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 to form Banca Intesa. Cariplo SpA became a short-lived sub-holding comp ...

(Cariplo, a predecessor of Banca Intesa),

Istituto Mobiliare Italiano The Istituto Mobiliare Italiano (IMI, ) was a public financial institution in Italy based in Rome, founded in 1931, privatized in the 1990s and eventually acquired in 1998 by Istituto Bancario San Paolo di Torino. Its name survives in Banca IMI, t ...

(IMI, a predecessor of Sanpaolo IMI), Reale Mutua Assicurazioni and CAER made a public offer to buy the shares of Credito Romagnolo, which competing with the offer from Credito Italiano. In 1994 Rolo had a market share of 21.5% in deposits in the Province of Bologna, as well as 21.0% in the Province of Ravenna . In 1995 Credito Romagnolo acquired Banca Vincenzo Tamborino, a bank based in Apulia. At the end of 1995, Credito Italiano owned 65% shares of Credito Romagnolo. Credito Italiano organized a merger of Credito Romagnolo with Carimonte Banca effective on 1 January 1996.

References

{{reflist, 30em Defunct banks of Italy Italian companies established in 1896 Banks established in 1896 Banks disestablished in 1995 Italian companies disestablished in 1995 Companies based in Bologna Credito Italiano Group