Banca Popolare di Verona
| Company type | Subsidiary (former independent bank) |
|---|---|
| Industry | Financial services |
| Founded | June 21, 1867 in Verona, Italy |
| Fate | Merged into Banco Popolare |
| Headquarters | Verona , Italy |
Area served | Italy |
| Parent | Banco Popolare |
The Banca Popolare di Verona was an Italian financial institution that became part of the Banco Popolare Group, with its headquarters located in Verona, Northern Italy. Presently, it functions as a brand within the Banco Popolare structure.
History
Established on 21 June 1867 under the name Banca Mutua Popolare di Verona, it was Italy’s seventh "People's" bank, distinguished by granting voting rights exclusively to shareholders owning more than 150 shares.
BPV–SGSP
In 1993, it made history as the first Italian bank to acquire another national bank (Banco S.Geminiano e S.Prospero from Modena) via a public takeover, after which it adopted the new name Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.r.l. ().
The institution further grew by purchasing Credito Bergamasco in 1997.
As of 31 December 2001, BPV–SGSP reported consolidated total assets amounting to €30.6 billion alongside separate assets totaling €22.2 billion.
In terms of deposit rankings for 2001, it held the 13th position in Italy with €20.4 billion in deposits, surpassing Banca Popolare di Novara’s €14.7 billion, according to Mediobanca data.
BPVN
On 1 June 2002, Banca Popolare di Verona – SGSP merged with Banca Popolare di Novara S.c.r.l., resulting in the creation of Banco Popolare di Verona e Novara ( / BPVN). Concurrently, a new subsidiary named Banca Popolare di Novara S.p.A. was formed. The previous BPV operations were reorganized as divisions within BPVN, except for the insurance entity BPV Vita and the investment holding company Holding di Partecipazioni Finanziarie Banca Popolare di Verona – S. Geminiano e S. Prospero, which continued as subsidiaries.
By the end of 2006, the BPVN Group reported consolidated total assets of €68.7 billion with shareholders' equity reaching €4.87 billion.
Following an additional merger in 2007, BPV was reinstated as a subsidiary inside the group.
BPV (subsidiary)
In 2007, Banco Popolare di Verona e Novara combined with Banca Popolare Italiana, forming the banking conglomerate Banco Popolare. Subsequently, the BPV division was reconstituted as Banca Popolare di Verona – S.Geminiano e S.Prospero S.p.A., maintaining this status until 2011 when it was absorbed again by the parent company but persisted as a brand and operational division. The BPV brand also oversaw sub-brands such as Banco S.Geminiano e S.Prospero, Banca San Marco, Banca Popolare di Trentino, and Cassa di Risparmio di Imola.
Sponsorship
Banca Popolare di Verona served as a sponsor for the Veronese football team A.C. Chievo Verona, initially appearing as their shirt sponsor and later advancing to a "top-sponsor" role during the 2014–15 season.