Banca Cattolica di Molfetta
| Company type | Subsidiary |
|---|---|
| Industry | Banking |
| Predecessor | Banca Cattolica Popolare |
| Founded | 1902 |
| Defunct | 2001 |
| Fate | Integrated into Banca Antoniana Popolare Veneta (Antonveneta) |
| Headquarters | Molfetta , Italy |
| Owner | Banca Antoniana Popolare Veneta (from 1998) |
Banca Cattolica S.p.A. was a cooperative banking institution located in Molfetta, Apulia, in the southern region of Italy. Its original parent entity, Cattolica Popolare, continued to operate as a cooperative society following 1998.
History
Founded in 1902, Banca Cattolica Popolare later separated its banking activities into a distinct subsidiary called Banca Cattolica S.p.A. in 1994. At that time, Credito Italiano acquired a 35% ownership interest. Subsequently, in 1998, Banca Antoniana Popolare Veneta (Antonveneta) purchased an 80% stake in Banca Cattolica. By the end of 2000, Antonveneta had increased its shareholding to 86.836%, with the bank's shareholders' equity valued at IT₤115.113 billion (around €59 million). The complete integration of Banca Cattolica into Antonveneta was finalized in 2001.