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Cassa di Risparmio di Alessandria

Cassa di Risparmio di Alessandria
Società per azioni
Industry Financial services
Founded 1838
1991 (S.p.A. & Fondazione)
Defunct 2012 (S.p.A. only)
Headquarters Alessandria, Piedmont, Italy
Products Retail banking
Owner Fondazione CR Alessandria (1991–2003; majority)
Banca Popolare di Milano (2003–2012)
Parent Banca Popolare di Milano
Website www.cralessandria.it

Cassa di Risparmio di Alessandria was an Italian regional bank based in Alessandria, Piedmont. It was absorbed into the parent company Banca Popolare di Milano in 2012.

The former owner of the bank, Fondazione Cassa di Risparmio di Alessandria, still operates as a charity organization.

Founded on 21 August 1838, at that time still in Kingdom of Sardinia. The daily banking operation and ownership were split into a società per azioni and Fondazione Cassa di Risparmio di Alessandria in 1991. Istituto Mobiliare Italiano also subscribed the capital increase of the bank for 23 billion lire (15.330 billion lire increase in share capital), owning 11.33% stake after the deal. In 1995, the bank was merged with the saving banks (Italian: Cassa di Risparmio) from Spezia and Carrara to form "Carinord Holding" (acronym of Ca.Ri. North), which the former owners of the banks (the foundations) as well as Cassa di Risparmio delle Provincie Lombarde (Cariplo) were the new shareholders of the holding company, despite the three banks remains as separate subsidiaries. In 2002 CR Alessandria was break away from the union, which Foundation CR Alessandria and Cariplo were the major shareholders of the bank (80%) through "Carinord 1 SpA", a 50-50 joint venture. The foundation held 20% directly, thus held 60% shares directly and indirectly in total. In 2003 Intesa Sanpaolo (ex-Cariplo) sold its shares on the bank to Banca Popolare di Milano. At the same time the foundation held a minority shares of Banca Popolare di Milano and some of its subsidiaries, as well as retained the 20% shares on CR Alessandria. On 11 February 2012 the bank was absorbed by Banca di Legnano, a wholly owned subsidiary of Banca Popolare di Milano, despite Banca di Legnano was absorbed also in 2013.


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