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ⓘ Cassa di Risparmio di Ascoli Piceno known as Carisap, is a former Italian regional bank based in Ascoli Piceno, Marche. A subsidiary of Intesa Sanpaolo, the ban ..




                                     

ⓘ Cassa di Risparmio di Ascoli Piceno

Cassa di Risparmio di Ascoli Piceno known as Carisap, is a former Italian regional bank based in Ascoli Piceno, Marche. A subsidiary of Intesa Sanpaolo, the bank merged with another subsidiary of the group, Banca dellAdriatico in 2013.

The former owner of the bank, Fondazione Cassa di Risparmio di Ascoli Piceno Fondazione Carisap, still operated as a charity organization. The foundation still held 0.3537% shares of Intesa Sanpaolo, as of 31 December 2013.

                                     

1. History

Cassa di Risparmio di Ascoli Piceno was found in Ascoli Piceno, Papal States in 1842, the bank became Società per azioni in 1992 due to Legge Amato. In 1990s Cariplo acquired 25% shares of Carisap from Fondazione Carisap. Carisap followed the parent company Cariplo to merged with Banco Ambrosiano Veneto to form Banca Intesa on 1 January 1998, which in July in the same year the group reached 66% ownership on the bank. In 2001, Ascoli became part of an intermediate holding company Holding IntesaBCI Centro, which already consist of 5 others saving banks Italian: Cassa di Risparmio who joined in 1999. In 2003, one more saving bank joined the mini-group. In 2007 Carisap followed the ultimate parent company Banca Intesa to become part of Intesa Sanpaolo Group.

In 2008, the 7 saving banks were transferred to Banca CR Firenze, a newly acquired subsidiary of Intesa Sanpaolo as the intermediate holding company. In 2012 Banca CR Firenze acquired the remain 34% shares of Carisap S.p.A. from Fondazione Carisap for a price of €70 million, and than Banca CR Firenze sold Carisap to Intesa Sanpaolo for €205 million. The remain 6 saving banks, 4 of them had also grouped as Casse di Risparmio dellUmbria in the same year.

In 2013 Carisap was merged with Banca dellAdriatico, another subsidiary of Interesa Sanpaolo which specialized in Marche, Abruzzo and Molise regions.