Banca dell'Umbria

Banca dell'Umbria 1462 SpA
Subsidiary (Società per azioni)
Industry Financial services
Founded 1462 (Monte di Perugia)
Defunct 2005 (merged into parent company)
Headquarters Perugia, Umbria
Products Retail banking
Owner Fondazione C.R. Perugia (1992–1999)
UniCredit (1999–2005)
Parent UniCredit (1999–2005)

Banca dell'Umbria 1462 SpA or previously known as Cassa di Risparmio di Perugia was an Italian bank. The bank became a subsidiary of UniCredit in 1999 and ceased to exist in 2005. However its former owner Fondazione Cassa di Risparmio di Perugia, still operated as a charity organization.

History

The history of the bank could traced back to 1462, which Monte di Perugia was found. In 1972 the Monte was merged with Cassa di Risparmio di Perugia. (The saving bank of Perugia)[1]

In 1992, due to Legge Amato, the bank non-profit making ownership as well as charity work were separated from daily banking operation, thus the formation of Cassa di Risparmio di Perugia SpA.[2] The bank was renamed to Banca dell'Umbria 1462 SpA In 1997.[2]

In 1999 the owner of the bank, the foundation sold majority interests to Rolo Banca 1473 SpA[2] (at that time merging with other banks to form UniCredit) for the shares of Rolo Banca. The foundation still held 25.22% shares of the bank directly and a tiny interests through minority share holding of Rolo Banca for just 3%.[3] In 2003 the foundation reduced the shares it held to 3.5% directly and a very tiny interests indirectly through its 0.88% shares of UniCredit.[4]

In 2005 the bank was absorbed into UniCredit.[2][5]

Bank Foundation

Fondazione Cassa di Risparmio di Perugia currently is a charity organization.

See also

References

  1. ↑ Benedetta economia by Luigino Bruni, Alessandra Smerilli 2008 (Google Book preview)
  2. ↑ 2.0 2.1 2.2 2.3 "UniCredit: un nuovo passo avanti nell'integrazione della Banca dell'Umbria" (in Italian). UniCredit. 27 January 2005. Retrieved 23 March 2015.
  3. ↑ 2001 bilancio Nota integrativa Fondazione Cassa di Risparmio di Perugia (Italian)
  4. ↑ 2003 bilancio Nota integrativa Fondazione Cassa di Risparmio di Perugia (Italian)
  5. ↑ "Accordo fusione Banca dell'Umbria e C.R. Carpi in Unicredito" (in Italian). FISAC/CGIL. 30 June 2005.