| Cariverona Banca | |||||||
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Formerly called
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| Founded |
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| Defunct | 1 July 2002 | ||||||
| Headquarters | Verona, Italy | ||||||
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| Owner | UniCredit (99.77%) | ||||||
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Number of employees
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| Parent | UniCredit | ||||||
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| Website | www |
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Footnotes / references source: 2000 financial figures was originally in Italian lira, but at that time already pegged with euro |
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Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona known as Cariverona in short, was an Italian savings bank headquartered in Verona. In 1991, due to Legge Amato, the bank was split into two organizations,Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona S.p.A. (trading as Cariverona Banca) and Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. They joined Unicredito banking group as founding subsidiary and shareholder respectively. The banking foundation was a minority shareholder of the successor of the banking group UniCredit.
Founded in 1825 in Verona in the Kingdom of Lombardy–Venetia of the Austrian Empire as a division of local mount of piety (Italian: Monte di Pietà), the bank merged with other banks in Veneto region in 1927–28, renaming to Cassa di Risparmio di Verona e Vicenza in 1927 and Cassa di Risparmio di Verona, Vicenza e Belluno in 1939. Notable entities that were absorbed: Cassa di Risparmio di Vicenza (found in 1822), Cassa di Risparmio di Legnago (founded in 1893), Cassa di Risparmio di Bassano del Grappa (founded in 1912), Banca del Monte di Feltre and Cassa di Risparmio di Cologna Veneta.
Verona, Vicenza and Belluno were the three provincial capitals of Veneto region; in the other 4 provincial capitals, they have separate savings banks, which except Treviso (Cassa di Risparmio della Marca Trivigiana, a predecessor of UniCredit along with Cariverona), were the predecessors of Intesa Sanpaolo (Cassa di Risparmio di Padova e Rovigo and Cassa di Risparmio di Venezia)
In 1989, the bank merged with Cassa di Risparmio di Ancona of Marche region to become Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona in 1989. According to La Repubblica, the bank was the fourth largest savings bank (Italian: cassa di risparmio) of Italy at that time. A report by Mediobanca, shown the bank was ranked 20th by total assets in 1988, among all type of commercial banks; in terms of savings bank, behind Cassa di Risparmio delle Provincie Lombarde (Cariplo), Cassa di Risparmio di Torino (Banca CRT) and Cassa di Risparmio di Roma. Cariplo was a predecessor of Intesa Sanpaolo banking group (known as Banca Intesa), while Banca CRT later joined Unicredito, which along with Cariverona, was the founding subsidiaries of UniCredito Italiano (now UniCredit) in 1998; Cassa di Risparmio di Roma was a predecessor of Capitalia, which was acquired by UniCredit in 2007.