Bipop Carire
| Company type | Public |
|---|---|
| Industry | Banking |
| Founded | 1999 |
| Defunct | 2008 |
| Fate | Merged into Capitalia (2002), absorbed by UniCredit (2008) |
| Headquarters | Brescia , Italy |
Area served | Italy |
| Products | Banking services |
| Parent | Capitalia (2002–2007), UniCredit (2007–2008) |
Bipop Carire S.p.A. was a banking conglomerate headquartered in Brescia, Lombardy, Italy. It originated in 1999 through the consolidation of Banca Popolare di Brescia (Bipop) and Cassa di Risparmio di Reggio Emilia (Carire), and was publicly traded on the Milan Stock Exchange. In 2002, following a financial irregularity uncovered in 2001, the group merged into Capitalia. Subsequently, Capitalia itself was acquired by UniCredit in 2007, leading to Bipop Carire's full absorption into UniCredit by 2008.
Among its subsidiaries was Fineco.
History
The formation of Bipop Carire resulted from the union of Carire, established in 1494, and Bipop, which had been created in 1983 by merging Banca Popolare di Lumezzane and Banca Popolare di Palazzolo. In 2001, the group became embroiled in an accounting scandal that prompted its merger with Banca di Roma, culminating in the establishment of Capitalia in 2002. After this merger, Bipop Carire continued operating as a brand and division within Capitalia.
When UniCredit took over Capitalia in 2008, the Bipop Carire name was retired. Four of its branches were divested to Banca Carige, while the rest of its retail outlets were incorporated into UniCredit's regional subsidiaries: UniCredit Banca serving Northern Italy and Banca di Roma covering Central and Southern Italy.
Sponsorship
The company served as a sponsor for Pallacanestro Reggiana.