Cassa di Risparmio di Cuneo
| Company type | S.p.A. |
|---|---|
| Industry | Banking |
| Founded | 1855 |
| Defunct | January 1, 1995 |
| Fate | Merged to form Banca Regionale Europea |
| Headquarters | Cuneo , Italy |
Cassa di Risparmio di Cuneo S.p.A. was a savings bank located in Cuneo, within the Piedmont region of Italy. It eventually discontinued its banking activities and transformed into the non-profit entity known as the Fondazione Cassa di Risparmio di Cuneo.
History
Established in 1855, Cassa di Risparmio di Cuneo experienced a division following the banking reforms of 1991, resulting in the creation of two separate bodies: Cassa di Risparmio di Cuneo S.p.A. and the Fondazione Cassa di Risparmio di Cuneo. On 1 January 1995, the S.p.A. merged with Banca del Monte di Lombardia S.p.A., forming Banca Regionale Europea. This new institution became a subsidiary first of Banca Lombarda e Piemontese in 2000, and subsequently of UBI Banca in 2007.
Banking foundation
Originally the proprietor of the S.p.A., the foundation held an 18.91% stake in Banca Regionale Europea and owned 4% of Banca Lombarda as of 2000. By the end of 2014, its equity interests had expanded to 24.90% in Banca Regionale Europea and 2.23% in UBI Banca.
In addition to managing financial assets, the foundation engaged in promoting cultural projects, including contributing to the restoration efforts of Alba Cathedral.
See also
- Other banks headquartered in Piedmont’s provincial capitals
- Cassa di Risparmio di Asti, operating independently with a minority share held by Banca Popolare di Milano
- Cassa di Risparmio di Alessandria, currently integrated into Banca Popolare di Milano
- Cassa di Risparmio di Torino, now part of UniCredit
- Savings institutions within the Province of Cuneo:
- Banca Cassa di Risparmio di Savigliano, with partial ownership by Banca Popolare dell'Emilia Romagna
- Cassa di Risparmio di Bra, a subsidiary under Banca Popolare dell'Emilia Romagna
- Cassa di Risparmio di Fossano, partially controlled by Banca Popolare dell'Emilia Romagna
- Cassa di Risparmio di Saluzzo, also partially owned by Banca Popolare dell'Emilia Romagna