Cassa di Risparmio delle Provincie Lombarde

Cariplo

The Ca' de Sass in Milan, head office of the Cassa di Risparmio delle Province Lombarde from 1872 to 1998
Native name	Cassa di Risparmio delle Province Lombarde S.p.A.
Company type	private società per Azioni
Industry	Financial services
Defunct	1998
Headquarters	Milan , Italy
Subsidiaries	Mediocredito Lombardo

Cassa di Risparmio delle Province 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 company of Intesa in late 1990s, and was fully absorbed circa 2000.

History

Palazzo delle Colonne, expansion of the Ca' de Sass completed in 1941 on a design by Giovanni Muzio and Giovanni Greppi

The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera^[1] and Cassa di Risparmio di Novara in 1928.^[2]

In December 1991, due to Legge Amato, the bank, as società per azioni, and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation.

The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of Alessandria, Carrara and Spezia to form Carinord Holding SpA in 1995, (Ca.Ri."Nord", a joint venture of the owners of Alessandria, Carrara and Spezia and Cariplo)^[3] as well as Calabria e Lucania (Carical), Puglia (Caripuglia),^[4] Salernitana (Carisal) (the formation of Banca Carime). In Marche, Fermo (33.3%), Ascoli (25%), Banca delle Marche (5.13%) were acquired. In Umbria, Spoleto, Città di Castello, Foligno (18.34%); in Lazio the province of Viterbo and Rieti; in Abruzzo Cassa di Risparmio della Provincia di Chieti, Cassa di Risparmio della Provincia di Teramo and Cassa di Risparmio di Pescara e Loreto Aprutino (20% each).

Other banks acquired were Banca Monte Parma (20.5%), German bank Bankhaus Löbbecke and Hungarian bank Európai Kereskedelmi Bank.

In 1997 Fondazione Cariplo and Cariverona agreed a deal on Banco Ambrosiano Veneto's shares,^[5] which led to the ultimate merger on 2 January 1998. On 30 September 1997 Fondazione Cariplo held 13.42% shares of Banco Ambrosiano Veneto and 100% shares of Cariplo SpA.^[6]

See also

• Fondazione Cariplo

References

1. "Voghera". www.intesasanpaolo.mappastorica.com. Archived from the original on 23 December 2016. Retrieved 6 June 2022.
2. "Novara". www.intesasanpaolo.mappastorica.com. Archived from the original on 23 December 2016. Retrieved 6 June 2022.
3. "Storia della Fondazione" (in Italian). Archived from the original on 25 March 2015. Retrieved 22 March 2015.
4. Saldutti, Nicola (4 March 1994). "CARIPLO conquista CARIPUGLIA". Corriere della Sera (in Italian). Retrieved 24 March 2015.
5. "Fondazione Cariplo in Ambroveneto". Corriere della Sera (in Italian). 26 June 1997. Retrieved 24 March 2015.
6. http://www.fondazionecariplo.it/static/upload/bil/bilancio-1998-eserc-1996-97.pdf ^{[bare URL PDF]}

External links

• Group History Intesa Sanpaolo official website