Banca dell'Umbria
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Formerly called
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Cassa di Risparmio di Perugia |
|---|---|
| subsidiary of a listed company | |
| Industry | Financial services |
| Defunct | 2005 (merged into parent company) |
| Headquarters | Perugia, Umbria, Italy |
| Services | Retail banking |
| Owner |
|
| 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.
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)
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 S.p.A.. The bank was renamed to Banca dell'Umbria 1462 S.p.A. In 1997.
In 1999 the owner of the bank, the bank foundation sold majority interests to Rolo Banca (UniCredit had controlling interests) 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%. In 2001 Mediocredito dell'Umbria, a subsidiary, was absorbed into Banca dell'Umbria. 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.
In 2005 the bank was absorbed into UniCredit.
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Wikipedia