Cassa di Risparmio di Fano

Cassa di Risparmio di Fano was founded on 14 January 1843 in Fano, the Papal States. Due to Legge Amato, on 28 May 1992, a Società per Azioni (limited company) and a banking foundation (Fondazione Cassa di Risparmio di Fano) were found.{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1992/06/22/092A2923/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di Fano|date=22 June 1992|access-date=20 February 2016|publisher=Italian Republic Official Gazette|language=Italian}} In the 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 – Credito Varesino owned 0.29%.{{cite web|url=http://www.bpb.it/infofi/bilancio96/part07.pdf|archiveurl=https://web.archive.org/web/20001022133142/http://www.bpb.it/infofi/bilancio96/part07.pdf|archivedate=22 October 2000|title=1996 Bilancio (part 7)|date=1997|access-date=22 April 2016|publisher=Banca Popolare di Bergamo – C.V.|language=Italian}} It was increased to 66.14% (plus 0.25%) in 1999.{{cite web|url=http://www.bpb.it/infofi/bilancio99/Organigramma_Gruppo.pdf |title=1999 Bilancio: Gruppo Banca Popolare di Bergamo – C.V. |date=2000 |access-date=22 April 2016 |publisher=Banca Popolare di Bergamo – Credito Varesino |language=Italian |url-status=dead |archiveurl=https://web.archive.org/web/20000915182300/http://www.bpb.it/infofi/bilancio99/Organigramma_Gruppo.pdf |archivedate=September 15, 2000 }} In 2002 the remain 33.38% was sold by the foundation for €75 million{{cite web|url=http://www.fondazionecarifano.it/pdf/bil_cons_2002.pdf|title=2002 Bilancio|date=5 May 2003|access-date=14 February 2016|publisher=Fondazione Cassa di Risparmio di Fano|language=Italian}} to BPA. That year BPA owned 99.771% shares, as BP Bergamo transferred their 0.25036% shares to BPA.{{cite web|url=http://documentazionestoricabpu.ubibanca.it/contenuti/file/14.pdf|title=2002 bilancio consolidato|date=12 April 2003|access-date=20 February 2016|publisher=Banca Popolare di Bergamo – Credito Varesino (BPB–CV)|language=Italian}}{{cite web|url=http://documentazionestoricabpu.ubibanca.it/contenuti/file/15.pdf|title=2002 Bilancio individuale|date=12 April 2003|access-date=20 February 2016|publisher=BPB–CV|language=Italian}} 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.{{cite web|url=http://documentazionestoricabpu.ubibanca.it/pagine/pagina.aspx?ID=2005001&L=IT|title=2005 Bilancio consolidato|date=22 April 2006|access-date=14 February 2016|publisher=Banche Popolari Unite|language=Italian}}{{cite web|url=http://www.group.intesasanpaolo.com/scriptIsir0/si09/storici/investor_relations/eng_ir_comunicati_storico_intesa.jsp?tabId=2005&tabParams=eyd0YWJJZCc6JzIwMDUnLCdhbm5vJzonMjAwNScsJ2N0JzonY29tdW5pY2F0aV9pbnZlc3Rvcid9#/storici/investor_relations/eng_dettaglio_comunicato_ir.jsp%3FcontentId%3DCNT-04-000000001A91A|title=BANCA INTESA SIGNS THE AGREEMENT FOR ACQUISITION OF CONTROL OF CASSA DI RISPARMIO DI FANO |date=24 March 2005|access-date=20 February 2016|publisher=Banca Intesa}}

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.{{cite web|url=http://www.gruppocreval.com/cartellaPDF/parsedPDF/2008bilancioCV.pdf|title=2008 Relazioni e bilancio|date=4 June 2009|access-date=14 February 2016|publisher=Credito Valtellinese|language=Italian}} 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 to receive the assets and liabilities of old Carifano which was absorbed into Credito Valtellinese.

On 20 September 2016 Credito Valtellinese has announced a plan to absorb Carifano again.{{cite web|url=http://www.gruppocreval.com/media/comunicati_en/2016/GCV-CS-Fusione-CF-ENG.pdf|title=MERGER BY INCORPORATION OF CARIFANO S.P.A.INTO CREDITO VALTELLINESE S.C|date=20 September 2016|access-date=29 September 2016|publisher=Credito Valtellinese}} The legal date was expected on 28 November.

Fondazione Cassa di Risparmio di Fano was in fact the original statutory corporation of the bank. After a modification of the articles of association, as well as sold the subsidiary entirely from the 1990s to 2002, the foundation became a private legal person, with an aim on charity activities for Fano and surrounding area. The foundation had a shareholders' equity of €117,851,453 at 31 December 2015. The bank was a minority shareholder of Banca delle Marche, Credito Valtellinese, Banca Carim, Cassa Depositi e Prestiti and CDP Reti.{{cite web|url=http://www.fondazionecarifano.it/pdf/bil_cons_2015.pdf|title=2015 Bilancio|date=27 April 2016|access-date=29 September 2016|publisher=Fondazione Cassa di Risparmio di Fano|language=Italian}} The foundation was the owner of San Domenico, as the location to display the arts collection of the organization.

{{Portal|Banks}}

• Art collection of Fondazione Cassa di Risparmio di Fano
• other Marche-based bank
• Cassa di Risparmio di Fermo, an Italian bank
• Nuova Banca delle Marche, an Italian bank
• Banca dell'Adriatico, a defunct Intesa Sanpaolo subsidiary
• Banca Popolare di Ancona, a defunct UBI Banca subsidiary
• Cassa di Risparmio di Ascoli Piceno, a defunct subsidiary of Intesa Sanpaolo
• Cassa di Risparmio di Fabriano e Cupramontana, a defunct subsidiary of Veneto Banca
• Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, predecessor of UniCredit

{{reflist|30em}}

• {{official website|http://www.gruppocreval.com/banca-carifano}} {{in lang|it}}
• [http://www.fondazionecarifano.it/ Fondazione Cassa di Risparmio di Fano] {{in lang|it}}

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Category:Banks established in 1843

Category:1843 establishments in the Papal States

Category:Banks disestablished in 2016

Category:2016 disestablishments in Italy

Category:Defunct banks of Italy

Category:Companies based in Marche

Category:Fano

Category:Credito Valtellinese

Category:Banca Intesa acquisitions