Carimonte Banca

Carimonte Banca
Industry	Banking, Financial services
Predecessor	Banca del Monte di Bologna e Ravenna, Cassa di Risparmio di Modena
Founded	July 12, 1991; 35 years ago in Bologna, Italy
Defunct	December 31, 1995
Fate	Merged with Credito Romagnolo to form Rolo Banca
Successor	Rolo Banca
Headquarters	Bologna, Italy
Area served	Italy
Products	Retail banking, Corporate banking
Owner	Carimonte Holding (majority), Fondazione Carimodena (minority)
Parent	Carimonte Holding

Carimonte Banca was an Italian financial institution headquartered in Bologna, within the Emilia–Romagna region. It was formed on 12 July 1991 through the consolidation of Banca del Monte di Bologna e Ravenna and Cassa di Risparmio di Modena, engaging in both retail and corporate banking sectors. On 31 December 1995, it combined with Credito Romagnolo, a subsidiary of Credito Italiano, resulting in the establishment of Rolo Banca.

In the year 1995, Carimonte Banca acquired a minority interest in Banca Popolare di Rieti. The majority ownership was held by Carimonte Holding at 62.2%, followed by Fondazione Carimodena with an 11.1% stake, while the remaining shares were distributed among other investors. The bank also maintained control over subsidiaries such as Carimonte Fondiario and Banca Popolare di Rieti.

History

The institution’s roots date back to the establishment of the Mount of Piety of Bologna in 1473, which later merged with the Mount of Piety of Ravenna (originating in 1492) to create Banca del Monte di Bologna e Ravenna in 1966. Subsequently, in 1991, Carimonte Banca emerged from the merger between Banca Monte and Cassa di Risparmio di Modena, which had been founded in 1846. The bank’s parent entity, Carimonte Holding, was a joint venture equally controlled by Fondazione Carimodena and Fondazione del Monte di Bologna e Ravenna, sharing voting rights equally at 50% each, with capital ownership divided at 60% and 40%, respectively.

Sponsorship

The bank acted as a sponsor for the sports team Modena Volley.