Banca Lombarda e Piemontese

Banca Lombarda e Piemontese
Company type	Financial conglomerate
Industry	Banking and financial services
Predecessor	Banca San Paolo di Brescia, Credito Agrario Bresciano
Founded	1998
Fate	Merged with Banche Popolari Unite to form UBI Banca (2007)
Area served	Italy
Products	Banking, private banking services

Banca Lombarda e Piemontese was an Italian financial conglomerate created in 1998 initially under the name Banca Lombarda, resulting from the union of Banca San Paolo di Brescia (which included its subsidiary Banca di Valle Camonica) and Credito Agrario Bresciano (along with its subsidiary Banco di San Giorgio). In 2000, following a merger with Banca Regionale Europea, the group adopted a new name to signify its expansion into the Piedmont area. Later, in 2007, it combined with Banche Popolari Unite to establish UBI Banca.

The entity maintained minority equity stakes in Banca Intesa, which originated from transactions involving shares of Cariparma and warrants granted to Banca San Paolo di Brescia.

The Group

Centralized management was conducted by the parent bank, whereas day-to-day operations were overseen by the affiliated banks:

Banco di Brescia (became operational on January 1, 1999, following the relocation of Banca Lombarda branches)
Banca di Valle Camonica (established on June 2, 1872)
Banco di San Giorgio (integrated into the CAB-Credito Agrario Bresciano group in 1992)
Banca Regionale Europea (created in 1995 through the merger of Cassa di Risparmio di Cuneo and Banca del Monte di Lombardia)
Cassa di Risparmio di Tortona (60% stake acquired in 1999 from Fondazione Cassa di Risparmio di Tortona)
Banca Lombarda Private Investment (focused on private banking services)