Banca dell'Adriatico
| Company type | Subsidiary (S.p.A.) |
|---|---|
| Industry | Banking |
| Predecessor | Banca Popolare Pesarese |
| Founded | 1875 |
| Defunct | 2016 |
| Fate | Absorbed into Intesa Sanpaolo |
| Successor | Intesa Sanpaolo |
| Headquarters | Pesaro , Italy |
Area served | Marche, Abruzzo, Molise, Romagna (branches reassigned) |
| Products | Banking services |
| Owner | Intesa Sanpaolo |
| Parent | Intesa Sanpaolo |
Banca dell'Adriatico S.p.A. was a regional Italian bank headquartered in Pesaro, Marche, operating as a subsidiary under Intesa Sanpaolo.
History
Established in 1875 under the name Banca Popolare Pesarese as a cooperative bank, it underwent a merger in 1989 with Cooperativa di Bagnacavallo e Fusignano, resulting in the formation of Banca Popolare Pesarese e Ravennate. The bank adopted the name Banca Popolare dell'Adriatico in 1994 after incorporating Banca Popolare Abruzzese Marchigiana and Banca Popolare di Castel di Sangro, signifying its emphasis on serving the Adriatic coastal areas.
In 1997, Cassa di Risparmio in Bologna (Carisbo) acquired a 47.08% stake, integrating the bank into the Casse Emiliano Romagnole Group (CAER), which also held an additional 5% directly. That same year, the institution transitioned from a cooperative to a joint-stock company. By 2000, it became part of the Cardine Banca Group, with Carisbo maintaining its role as sub-holding and Cardine increasing its ownership by 12.921%. The bank later joined Sanpaolo IMI in 2002 and subsequently became part of Intesa Sanpaolo following the 2007 merger.
During 2006, Banca Popolare dell'Adriatico was merged into its parent entity to establish Sanpaolo Banca dell'Adriatico, which unified branches from both Sanpaolo IMI and Banca Popolare dell'Adriatico across the regions of Marche, Abruzzo, and Molise. Branches located in Romagna were reassigned to Cassa dei Risparmi di Forlì e della Romagna. The institution was rebranded as Banca dell'Adriatico in 2007.
The bank expanded further in 2013 by incorporating Cassa di Risparmio di Ascoli Piceno (Carisap). Eventually, in 2016, it was completely absorbed into Intesa Sanpaolo.
Sponsorship
The institution took over sponsorship of the San Benedetto Tennis Cup, succeeding Carisap as the event's sponsor.
See also
- Banca Popolare FriulAdria, a Crédit Agricole subsidiary based in Friuli
- Banca Popolare di Ancona, a UBI Banca subsidiary located in Marche
- Nuova Banca delle Marche