Credito Siciliano


Credito Siciliano is an Italian bank headquartered in Acireale, Sicily and previously Palermo. It is a subsidiary of Credito Valtellinese.
The bank had 136 branches, 133 located in Sicily, plus 3 more in mainland Italy.

Predecessors

Banca del Monte Sant'Agata

Three separate mounts of piety were founded in Catania, at that time part of the Kingdom of Sicily. Monte Grande di Pietà di Sant'Agata, the second mount of the city that named after St.Agatha of Sicily, was founded on 17 December 1809. The mount survived until the modern age of Italy, which was last known as Monte di Credito su Pegno – Banca del Monte Sant'Agata di Catania, a credit institution that was governor by, the Italian banking law. The institute was in special administration from 1992. The institute was also under a.s. in 1981.
In 1994, a company limited by shares, was incorporated by the administrator as Nuova Banca del Monte Sant'Agata S.p.A., acquiring the assets and liabilities of the institute; the old institute was being liquidated. The new legal person was later acquired by fellow Sicilian bank Banca Popolare Sant'Angelo.

Banca Regionale Sant'Angelo

Banca Regionale Sant'Angelo was an Italian bank based on 1/E via Siracusa, Palermo, Sicily. The bank was formed by Banca Popolare Sant'Angelo injected part of the bank assets to Nuova Banca del Monte Sant'Agata S.p.A. on 1 January 2001 as well as sold the company to Credito Artigiano in mid-2001, by the subscription of the capitai increase of Banca Regionale Sant'Angelo, by Credito Artigiano. The shares of Banca Regionale Sant'Angelo was also distributed to the shareholders of Banca Popolare Sant'Angelo, making Credito Artigiano launched a public acquisition offer to buy the remaining 55% shares of the Banca Regionale in 2001. In 2002 Banca Regionale Sant'Angelo absorbed other subsidiaries of Credito Valtellinese to form Credito Siciliano.
The former headquarters of Banca Monte Sant'Agata on via Sant'Euplio, Catania, was sold to a company. The site was refurbished as a hotel.

Leasingroup Sicilia

Leasingroup Sicilia was a finance leasing company based in Sicily. Banca Popolare Sant'Angelo increased it stake in the company in 1990s, but spin off to inject the stake to Banca Regionale Sant'Angelo circa 2001. As at 31 December 2001, Banca Popolare di Lodi also owned 5.12% stake.

History

Credito Siciliano was formed on 1 July 2002 by the merger of Banca Popolare Santa Venera, Banca Regionale Sant'Angelo, Leasingroup Sicilia and the retail division of Cassa San Giacomo. The new bank was owned by Credito Valtellinese for 39.43% shares, as well as through its subsidiary Credito Artigiano for an additional 35.79% shares at that time.