Cassa di Risparmio di Cento
| Company type | Società per azioni |
|---|---|
| Industry | Banking |
| Founded | April 26, 1844 in Cento, Papal States |
| Headquarters | Cento , Italy |
Area served | Provinces of Ferrara, Bologna, and Modena |
| Products | Savings bank services |
| Owner | Fondazione Cassa di Risparmio di Cento (majority shareholder) |
Cassa di Risparmio di Cento S.p.A. (commonly known as CR Cento or Caricento) is an Italian savings institution headquartered in Cento, located in Emilia-Romagna, with services extending to the provinces of Ferrara, Bologna, and Modena.
History
The bank was established on 26 April 1844 in Cento, then part of the Papal States, and commenced operations for the public on 27 March 1859. In December 1991, as a result of the , the bank underwent a structural division separating its commercial banking activities from ownership, resulting in the formation of a società per azioni alongside the creation of the banking foundation Fondazione Cassa di Risparmio di Cento. The foundation continues to hold the majority stake through both direct and indirect ownership via Holding Cassa di Risparmio di Cento S.p.A. Earlier, Casse Emiliano Romagnole possessed a 20% minority interest but divested this share back to the foundation in 1997.
In October 2017, northern Italy’s Banca Popolare di Sondrio showed interest in acquiring CR Cento, influenced by regional consolidation trends among savings banks in Emilia-Romagna, particularly involving BPER Banca and Crédit Agricole Italia.
Banking foundation
As of 31 December 2013, Fondazione Cassa di Risparmio di Cento reported equity valued at €56 million. The foundation is also known for sponsoring the Prize Cento, an award dedicated to literature.
See also
- savings bank based in Ferrara province
- Cassa di Risparmio di Ferrara, under BPER Banca
- savings banks from Emilia-Romagna's capitals
- Cassa di Risparmio in Bologna, part of Intesa Sanpaolo
- Cassa di Risparmio di Cesena, affiliated with Crédit Agricole Italia
- Cassa di Risparmio di Parma e Piacenza (Crédit Agricole Italia), a Crédit Agricole subsidiary
- Cassa di Risparmio di Modena, predecessor entity of UniCredit
- Cassa di Risparmio di Ravenna
- Cassa di Risparmio di Reggio Emilia, former part of Capitalia
- Cassa di Risparmio di Rimini (Banca Carim), linked to Crédit Agricole Italia