Cassa di Risparmio di Venezia
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Native name
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Cassa di Risparmio di Venezia |
|---|---|
| Subsidiary of listed company | |
| Industry | Bank |
| Founded | 1822 |
| Defunct | 2014 |
| Headquarters | Venice, Italy |
| Owners | Intesa Sanpaolo |
Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian regional bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, Fondazione di Venezia, still acts as a charity-organization.
Reform in the banking sector in Venice was found by Napoleonic Italy as Banco Pignoratizio Comunale in 1806, using mount of piety model. In 1820, the Kingdom of Lombardy–Venetia (part of Austrian Empire) government introduce saving bank (Italian: Cassa di Risparmio) system to the city, which the opening of Cassa di Risparmio di Venezia was gazetted on 13 February 1822, despite the bank already opened on 12 February, the birthday of Francis II, Holy Roman Emperor (the ruler of Austrian Empire). in the 20th centenary, Carive opened branches in Mestre (1910), Portogruaro (1911), Chioggia (1912) and Dolo (1913), the cities and towns in the modern Province of Venice. In 1987, Carive had 59 branches in the Province. Since 1988, more branches were opened in the rest of Veneto region, as well as in Friuli.
Also due to Legge Amato, the daily bank operation, charity and ownership of the bank were separated as società per azioni and Fondazione Cassa di Risparmio di Venezia in 1992. In 1994, the bank merged with the saving bank of Padova and Rovigo, Gorizia, Udine & Pordenone and Banca Agricola di Cerea to form a single holding company Casse Venete Banca, despite the subsidiaries still operated as separate entity.
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