Jump to content

Cassa di Risparmio del Veneto

From Alfawiki
Cassa di Risparmio del Veneto S.p.A.
Company typeSubsidiary
IndustryBanking
PredecessorCassa di Risparmio di Padova e Rovigo (Cariparo)
Founded1822
Defunct2018
FateMerged into Intesa Sanpaolo
SuccessorIntesa Sanpaolo
Headquarters
Padua
,
Italy
Area served
Veneto, Italy
ProductsSavings bank services
OwnerIntesa Sanpaolo
ParentIntesa Sanpaolo

Cassa di Risparmio del Veneto S.p.A., commonly referred to as CR Veneto, was an Italian savings institution with its main office located in Padua, Veneto (). It functioned as a subsidiary within the Intesa Sanpaolo group.

History

Founded in 1822, the bank was one of Italy’s longest-standing savings institutions, originating during the Kingdom of Lombardy–Venetia era when savings banks were introduced in cities such as Venice, Padua, Rovigo, Vicenza, and Treviso. In 1928, the savings banks from Padua and Rovigo combined to establish Cassa di Risparmio di Padova e Rovigo (Cariparo), following legislative reforms enacted in 1927 aimed at restructuring savings banks. Prior to this merger, the Federazione delle Casse di Risparmio di Padova e Rovigo had been formed around March 1927.

The Legge Amato reform in 1992 led to a division of the bank’s activities into Fondazione Cariparo and Cassa di Risparmio di Padova e Rovigo S.p.A., effectively separating its philanthropic foundation from its banking operations.

Casse Venete Banca

Distinct from the Savings Bank of Verona, Vicenza, Belluno, and Ancona—which merged with Treviso to create Unicredito—the shareholders of the Savings Banks of Padova & Rovigo, Venice, Gorizia, Udine & Pordenone, along with Banca Agricola di Cerea, established a unified holding company named Casse Venete Banca in 1994. Despite this consolidation at the holding level, each bank maintained operational independence as separate entities.

Cardine Banca

In 2000, Cariparo united with the Casse Emiliano Romagnole Group to form the Cardine Banca Group.

Sanpaolo IMI and Intesa Sanpaolo

The Savings Bank of Padova & Rovigo merged with Sanpaolo IMI in 2002. Subsequently, Banca Agricola di Cerea was integrated into the institution on 1 June 2003.

Following another merger on 2 January 2007, The Savings Bank of Padova & Rovigo became part of the Intesa Sanpaolo Group. On 25 September 2008, it was rebranded as Cassa di Risparmio del Veneto. After the Savings Bank of Venice ceased operations, CR Veneto held the distinction of being Italy’s oldest remaining Cassa di Risparmio. Nevertheless, in February 2018, Intesa Sanpaolo revealed its strategic plan for 2018–2021 which included phasing out most retail brands. Consequently, Cassa di Risparmio del Veneto was dissolved as an independent legal entity and incorporated into the group’s divisions and branch network.

External links