Cassa di Risparmio di Pescara e Loreto Aprutino
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Formerly called
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| Brand (former S.p.A. and subsidiary) | |
| Industry | Financial services |
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| Founded |
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| Headquarters | Pescara, Italy |
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Area served
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Abruzzo and Marche |
| Owner | Banca Popolare di Bari |
| Parent | Banca Popolare di Bari |
| Website | caripe.com |
Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company Banca Popolare di Bari, but retaining as brand.
Cassa di Risparmio e di Credito Agrario di Loreto Aprutino was found in Loreto Aprutino, Kingdom of Italy in 1871. In 1936 the bank was renamed into Cassa di Risparmio della Provincia di Pescara, con sede in Loreto Aprutino (later shorten to Cassa di Risparmio di Pescara e Loreto Aprutino).
In 1992, due to Legge Amato, the bank was split into Cassa di Risparmio di Pescara e Loreto Aprutino S.p.A. (Società per Azioni; company limited by shares) as well as Fondazione Cassa di Risparmio di Pescara e di Loreto Aprutino (the banking foundation; later known as Fondazione Pescara Abruzzo). Cassa di Risparmio delle Provincie Lombarde (Cariplo) immediately acquired 20% shares of the limited company, as well as fellow saving banks of Abruzzo Region: Cassa di Risparmio della Provincia di Chieti and Cassa di Risparmio della Provincia di Teramo.
In 2000 Banca Intesa sold 20% shares back to the banking foundation.
On 16 February 2001, the bank was renamed to Banca Caripe S.p.A.. In the same year Banca Popolare di Lodi (Bipielle Group, BPL), through direct and indirect ownership: Istituto di Credito delle Casse di Risparmio Italiane (ICCRI), bought 30% shares of the bank. In 2003 the group was increased to own 51% shares through Reti Bancarie. In 2006 Reti Bancarie was absorbed into BPL. BPL owned 51% shares directly as well as the foundation had a put option to sell the remaining 44% shares to BPL (the foundation retained 5% shares), which the foundation eventually sold the stake to BPL. Banca Caripe became part of Banco Popolare banking group in 2007.
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Wikipedia