Cassa di Risparmio di San Miniato
{{Short description|Italian savings bank}}
{{Infobox company
| name = Cassa di Risparmio di San Miniato
| logo = File:Carismi logo.gif
| logo_size =
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| logo_padding =
| image =
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| native_name = Cassa di Risparmio di San Miniato S.p.A.
| native_name_lang = it
| type = subsidiary
| industry = Financial services
| founded = {{ubl|{{start date|1830|4|27|df=yes}}|{{start date|1992|4|13|df=yes}} (as S.p.A.)}}
| founder = Mons. Torello Pierazzi
| fate = absorbed into parent company
| dissolved = 2018
| hq_location =
| hq_location_city = San Miniato
| hq_location_country = Italy
| area_served = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|Tuscany region|(78 branches)|Milan, Lombardy|(1 branch)|Rome, Lazio|(1 branch)}}
| num_locations = {{decrease}} 80 branches
| num_locations_year = 2016
| key_people = {{aligned table|fullwidth=y|style=text-align: left; font-size: 100%;|Alessandro Bandini|(chairman)|Alberto Lang|(vice-chairman)|Divo Gronchi|(CEO)}}
| products =
| brands =
| services = Retail banking
| revenue =
| revenue_year =
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| net_income = {{increase}} {{fontcolor|red|(€{{0|00}}47 million)}}
| net_income_year = 2016
| assets = {{decrease}} €2,810 million
| assets_year = 2016
| equity = {{decrease}} €{{0}}143 million
| equity_year = 2016
| owner = Crédit Agricole Italia
| parent = Crédit Agricole Italia
| subsid = San Genesio Immobiliare
| ratio = {{decrease}} 6.05% (Group CET1, Dec.2016)
| rating =
| website = {{url|http://www.carismi.it}}
| footnotes = in consolidated financial statement{{cite web|url=http://www.carismi.it/export/sites/carismi/download/bilanci/2017/CARISMI_Bilancio_2016.pdf|archive-url=https://web.archive.org/web/20220309032153/http://www.carismi.it/export/sites/carismi/download/bilanci/2017/CARISMI_Bilancio_2016.pdf|url-status=dead|archive-date=March 9, 2022|title=2016 Bilancio|date=14 June 2017|access-date=3 July 2017|publisher=Cassa di Risparmio di San Miniato|language=Italian}}
}}
Cassa di Risparmio di San Miniato S.p.A. (Carismi) was an Italian savings bank based in San Miniato, in the Province of Pisa, Tuscany. It was taken over by Crédit Agricole via its Crédit Agricole Italia division.
History
Cassa di Risparmio di San Miniato was found on 27 April 1830{{cite web|url=http://www.fondazionecrsm.it/pagina.php?IDmenu=90&IDarticolo=86|title=Cenni storici|access-date=26 February 2016|publisher=Fondazione Cassa di Risparmio di San Miniato|language=Italian}} in the Grand Duchy of Tuscany, a year after the savings bank of Florence, the oldest savings bank in Tuscany region. On 14 January 1886, the savings bank was gained an independent status by a royal decree (part away from Florence).
Due to Legge Amato, the bank was split into a company limited by shares (società per azioni) and a banking foundation (Ente Cassa di Risparmio di San Miniato, later renamed to Fondazione Cassa di Risparmio di San Miniato) on 13 April 1992 (gazetted on 14 May).{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1992/05/14/092A2245/sg|title=Approvazione del progetto di ristrutturazione presentato dalla Cassa di risparmio di San Miniato|date=14 May 1992|access-date=26 February 2016|publisher=Italian Republic Official Gazette|language=Italian}} The bank immediately sold about 70% shares of the bank to Holding Casse Toscane (literally Tuscan Savings Banks), a new intermediate holding company for the savings bank ({{langx|it|Cassa di Risparmio}}) of San Miniato, Florence, Livorno, Lucca, Pisa, Pistoia–Pescia, and Banca del Monte di Lucca. The ente received about 12% shares of Casse Toscane in return, making the ente had a minority interests in other banks, but only hold about 30% shares of their own bank directly or about 38.4% combined.
In March 1998 Pistoia–Pescia and San Miniato withdrew from Casse Toscane,{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1998/03/10/S-2882/p2|title=CASSE TOSCANE - S.p.a.
|date=10 March 1998|access-date=26 February 2016|publisher=Italian Republic Official Gazette|language=Italian}} after Lucca, Pisa, Livorno and BM Lucca left in 1995 (forming Casse del Tirreno);{{cite web|url=http://www.gazzettaufficiale.it/eli/id/1995/09/04/S-19736/p2|title= CASSE TOSCANE - S.p.a. |date=4 September 1995|access-date=26 February 2016|publisher=Italian Republic Official Gazette|language=Italian}} A minority interests of 25% was sold to another Tuscan bank Banca Monte dei Paschi di Siena (Banca MPS) in 1999, with the ente retained the remain 75% (Finanziaria CRSM S.p.A., a wholly owned subsidiary of the ente, owned about 62.83% shares of the bank, which was renamed to Grifoni CRSM S.p.A.).{{cite web|url=https://www.bancaditalia.it/compiti/vigilanza/avvisi-pub/tutela-concorrenza/provvedimenti/provv26_17_05_99.pdf|title=Provvedimento N°26: (Banca MPS / CRSM)|date=17 May 1999|access-date=27 February 2016|publisher=Banca d'Italia|language=Italian}}{{cite web|url=http://www.carismi.it/export/sites/carismi/download/bilancio2000_2000.pdf |title=2000 Bilancio |date=5 April 2002 |orig-year=First published 2001 |access-date=26 February 2016 |publisher=Cassa di Risparmio di San Miniato |language=Italian |url-status=dead |archiveurl=https://web.archive.org/web/20120511161418/http://www.carismi.it/export/sites/carismi/download/bilancio2000_2000.pdf |archivedate=11 May 2012 }}{{cite web|url=http://www.fondazionecrsm.it/upload/Bilancio_2000_pdf.pdf|title=2000 Bilancio Consuntivo|date=9 November 2001|access-date=26 February 2016|publisher=Fondazione Cassa di Risparmio di San Miniato|language=Italian}} From 1997 to 1999, San Miniato was the third largest bank in the Province of Pisa, with an average market share of 18.5% in terms of deposits. However, after alliance with Banca MPS, the group was the largest bank in the province, suppressing Casse del Tirreno (about 24.4%) and Cassa di Risparmio di Volterra (about 10%).{{cite web|url=http://www.agcm.it/concorrenza/concentrazioni/download/41256297003874BD/BF4E0E233233B158C125677E002933B1.html?a=p7176.pdf|title=Provvedimento N°7176 (C3487) Banca Monte dei Paschi di Siena / Cassa di Risparmio di San Miniato|date=6 May 1999|access-date=26 February 2016|publisher=Autorità Garante della Concorrenza e del Mercato (AGCM)|language=Italian|archive-url=https://web.archive.org/web/20160303014139/http://www.agcm.it/concorrenza/concentrazioni/download/41256297003874BD/BF4E0E233233B158C125677E002933B1.html?a=p7176.pdf|archive-date=3 March 2016|url-status=dead}}
As of 2015, insurance company Cattolica Assicurazioni hold around 25% shares of the bank. The banking foundation through direct and indirectly ownership (Grifoni CRSM S.p.A.), held 54.77% shares, as the largest shareholder.
In 2016 a proposed capital increase of €55 million was announced. On 28 April 2017, it was announced the bank was discussed with Crédit Agricole Italia and the Voluntary Scheme of Fondo Interbancario di Tutela dei Depositi (FITD) and the Bank of Italy (as regulator), for a possible takeover by Crédit Agricole with the aid of FITD.{{cite press release|url=http://www.carismi.it/opencms/notizie/news/newsCrsm_0148.html|title=Cassa di Risparmio di San Miniato S.p.A.: si comunica di aver diffuso in data 27 aprile 2017, un comunicato stampa avente ad oggetto “Il Consiglio di Amministrazione, riunitosi in data odierna, ha preso atto dell’avvio delle discussioni preliminari tra Credit Agricole Cariparma S.p.A., Banca d’Italia e Fondo Interbancario di Tutela dei Depositi – Schema Volontario – in vista di una possibile acquisizione, tra le altre, della nostra Cassa”.|date=28 April 2017|access-date=1 May 2017|publisher=Cassa di Risparmio di San Miniato|language=Italian|archive-url=https://web.archive.org/web/20170701025103/http://www.carismi.it/opencms/notizie/news/newsCrsm_0148.html|archive-date=2017-07-01|url-status=dead}}
In 2017 it was announced that Crédit Agricole Italia has interested to acquire the bank, which a process of due diligence was started in the same year. A contract was signed on 29 September, with FITD voluntary scheme was responsible to recapitalize and clean up the non-performing loans before handover.{{cite press release|url=http://gruppo.credit-agricole.it/comunicati-stampa/cariparma/credit-agricole-cariparma-annuncia-di-aver-sottoscritto-il-contratto-per-l-acquisto-di-una-quota-di-maggioranza-in-cassa-di-risparmio-di-cesena-cassa-di-risparmio-di-rimini-e-cassa-di-risparmio-di-san-miniato|title=Crédit Agricole Cariparma annuncia di aver sottoscritto il contratto per l'acquisto di una quota di maggioranza in Cassa di Risparmio di Cesena, Cassa di Risparmio di Rimini e Cassa di Risparmio di San Miniato.|date=29 September 2017|access-date=20 October 2017|publisher=Crédit Agricole Cariparma|language=Italian|archive-date=20 October 2017|archive-url=https://web.archive.org/web/20171020135643/http://gruppo.credit-agricole.it/comunicati-stampa/cariparma/credit-agricole-cariparma-annuncia-di-aver-sottoscritto-il-contratto-per-l-acquisto-di-una-quota-di-maggioranza-in-cassa-di-risparmio-di-cesena-cassa-di-risparmio-di-rimini-e-cassa-di-risparmio-di-san-miniato|url-status=dead}}
In 2018, it was announced that the bank would be absorbed into Crédit Agricole Italia, ending its history as a separate entity.{{cite news|url=http://www.cesenatoday.it/economia/cassa-risparmio-cesena-fusione-ca-cariparma.html|title=Carisp Cesena entra in Cariparma: approvato il progetto di fusione|date=8 February 2018|access-date=14 January 2019|work=Cesena Today|language=Italian}}{{cite news|url=https://www.newsrimini.it/2018/06/addio-carim-l8-settembre-lincorporazione-in-credit-agricole/|title=Addio Carim, l'8 settembre l'incorporazione in Credit Agricole|date=27 June 2018|access-date=14 January 2019|work=News Rimini|language=Italian}}
Equity investments
The bank owned a minority interest (20% of share capital) of Cassa di Risparmio di Volterra, with an additional 5% share capital were owned by the banking foundation of C.R. San Miniato.{{cite web|url=http://www.fondazionecrsm.it/upload/BilancioFondCRSM2014-DIG.pdf|title=2014 Bilancio Consuntivo|date=20 July 2015|access-date=26 February 2016|publisher=Fondazione Cassa di Risparmio di San Miniato|language=Italian}}
Sponsorship
References
{{Reflist}}
External links
{{Portal|Banks}}
- {{Official website|https://web.archive.org/web/20160204151719/http://www.carismi.it/}} {{in lang|it}} (wayback archive)
{{Authority control}}
Category:Defunct banks of Italy
Category:Companies based in Tuscany
Category:Banks established in 1830
Category:1830 establishments in Italy
Category:Banks disestablished in 2018
Category:2018 disestablishments in Italy