Cassa di Risparmio di Fano

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Carifano
Native name
 Cassa di Risparmio di Fano S.p.A.
Founded 14 January 1843 (1843-01-14) in Fano
28 May 1992 (1992-05-28) (S.p.A. and Fondazione)
18 April 2011 (2011-04-18) (Nuova Carifano)
Headquarters Fano, Italy
Decrease (€81,770,336) (2014)
Total assets Increase €2,081,298,421 (2014)
Total equity Decrease €114,628,482 (2014)
Owner Credito Valtellinese (100%)
Parent Credito Valtellinese
Capital ratio 9.79% (Tier 1)[1]

Cassa di Risparmio di Fano S.p.A. (Carifano) is an Italian retail bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.

History

Found 14 January 1843 in Fano, the Papal States. Due to Legge Amato, on 28 May 1992, an S.p.A. (private limited company) and a banking foundation (Fondazione Cassa di Risparmio di Fano) were found.[2] In late 1990s, Banca Popolare di Ancona (BPA) acquired 60% shares of the company, with the foundation and other shareholders retained the remaining stake. In 1996 BPA owned 59.76% shares, its parent company Banca Popolare di Bergamo – C.V. owned 0.29%.[3] It was increased to 66.14% (plus 0.25%) in 1999.[4] In 2002 the remain 33.38% was sold by the foundation for €75 million[5] to BPA. That year BPA owned 99.771% shares, as BP Bergamo transferred their 0.25036% shares to BPA.[6][7] In 2003 it became part of Banche Popolari Unite.

On 27 July 2005 BPA sold 99.92% shares of Carifano to Banca Intesa (through sub-holding Casse del Centro for buying 30%) and FCM S.p.A. (a special purpose entity for buying 69.92%) for €280 million.[8][9]

On 3 December 2008 Credito Valtellinese acquired 81.63% shares of Carifano from Intesa Sanpaolo (30%) and from FCM S.p.A. (51.63%) for €382.941 million.[10] It also triggered a public offer to buy the remaining 13.37% shares, as FCM S.p.A. chose to retain 5%. In 2009 Credito Valtellinese owned 94.85% shares. In 2011 increased to 99.73%. On 1 January 2012 the privatization was completed. A new company, Nuova Carifano S.p.A. was also incorporated on 18 April 2011.

See also

References

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External links


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