Casse di Risparmio dell'Umbria


Casse di Risparmio dell'Umbria S.p.A. known as Casse dell'Umbria is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo.
The headquarter of the bank was next to Fondazione Cassa di Risparmio di Terni e Narni on Corso Tacito, Terni.

History

Cassa di Risparmio di Spoleto

Cassa di Risparmio di Spoleto was found in December 1836 in Spoleto, in the Papal States. In the same year Cassa di Risparmio di Roma also found. Since CR Roma was merged into Banca di Roma in 1992, CR Spoleto was the oldest surviving Cassa di Risparmio of the area of former Papal States, until the merger in 2012. After the merger Cassa di Risparmio in Bologna became the oldest surviving saving bank of former Papal States instead.
The first chairman of the bank was Luigi Pianciani. He was elected as the gonfaloniere of Spoleto in 1847. He served as the mayor of Rome from 1873 to 1875.
In 1992 CR Spoleto also spin off its bank activities to form Cassa di Risparmio di Spoleto S.p.A., with the original entity was renamed to Fondazione Cassa di Risparmio di Spoleto. The banking foundation sold 30% stake to Cassa di Risparmio delle Provincie Lombarde in mid 1990s.

Casse del Centro

In July 1999 Banca Intesa owned a majority interests of the bank, as well as forming a sub-holding company: Holding Intesa Centro, for a potential integration of the saving banks in central Italy. During the peak of Casse del Centro, the holding had 4 separate banks from Umbria, as well as Cassa di Risparmio di Fano, Cassa di Risparmio di Ascoli Piceno, Cassa di Risparmio della Provincia di Viterbo and Cassa di Risparmio di Rieti. The shares of Casse del Centro was transferred to Banca CR Firenze in 2008 from the parent company Intesa Sanpaolo, which the Florence bank became the sub-holding company for the bank group instead, as Casse del Centro was liquidated soon after.

Merger

According to the last annual report of the bank before the merger, CR Spoleto had 34 retail branches, 3 business centre and 1 private banking centre in 2011. The company had a total assets of €993,905,094, shareholders equity of €87,937,513 and a Tier 1 capital ratio of 19.59%. It was owned by Banca CR Firenze, the foundation and other investors.
After the merger the foundation purchased 8–10, via Felice Cavallotti, Spoleto from Casse di Risparmio dell'Umbria. The bank and foundation previously occupied 6, 8, 10 via Felice Cavallotti as headquarter.

Casse di Risparmio dell'Umbria

The bank was a product of the merger of the saving banks of Città di Castello, Foligno, Spoleto and Terni–Narni. More specially the three banks were absorbed by Spoleto. However, the headquarter of the bank was relocated to Terni, in the former headquarter of Terni–Narni Saving Bank.
In November 2015 Intesa Sanpaolo became direct parent company of the bank, eliminating Banca CR Firenze as the intermediate.
On 17 June 2016 Intesa Sanpaolo announced the plan to absorb the subsidiary. 1 ordinary share of Casse di Risparmio dell'Umbria was exchanged with 0.9623 shares of Intesa Sanpaolo, as well as 1 preferred share to 1.0842 Intesa Sanpaolo shares. 210,803 ordinary new shares of Intesa Sanpaolo were issued.