Banca Popolare di Novara

Banca Popolare di Novara was an Italian cooperative bank based in Novara, Pidemont. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group.

History

Banca Popolare di Novara was found in 1871.[1] In 2002 the bank was merged with Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.a.r.l. (BPV–SGSP), which the former BPN shareholders became the shareholders of BPV–SGSP (which was renamed to Banco Popolare di Verona e Novara S.c.a.r.l.; BPVN), while BPN became a subsidiary as Banca Popolare di Novara S.p.A. (from società cooperativa a responsabilità limita to società per azioni)

In 2007 BPVN was merged with Banca Popolare di Lodi S.c.a.r.l.. Banco Popolare S.C. became the holding company instead. In 2008 the group remapped its branch network, which BPN was specialized in Piedmont, Apulia, Campania, Basilicata and Molise instead.

In 2011 the company was absorbed into Banco Popolare. However it retained as a division of the bank, which included Banco Popolare Siciliano which was transferred from BPL division.

Sponsorship

The bank was a sponsor of Novara Calcio.

References

  1. "La Storia" (in Italian). Banca Popolare di Novara. Retrieved 13 February 2016.
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