Cassa di Risparmio in Bologna
| Company type | Società per azioni |
|---|---|
| Industry | Banking |
| Founded | September 26, 1837 in Bologna, Papal States |
| Defunct | 2018 |
| Fate | Integrated into Intesa Sanpaolo Group |
| Successor | Intesa Sanpaolo |
| Headquarters | Bologna , Italy |
Area served | Italy |
| Products | Savings bank services |
| Owner | Intesa Sanpaolo (since 2007) |
| Parent | Intesa Sanpaolo |
Cassa di Risparmio in Bologna S.p.A. (commonly known as Carisbo) was an Italian savings bank founded in 1837, with its main office located in Bologna, within the Emilia-Romagna region. Since 2007, it has functioned as a component of the Intesa Sanpaolo Group.
As of 31 December 2013, the previous proprietor, Fondazione Carisbo, maintained a 2.023% equity interest in Intesa Sanpaolo.
History
The institution Cassa di Risparmio in Bologna (Carisbo) was inaugurated on 26 September 1837 in Bologna, which at the time belonged to the Papal States.
In December 1991, pursuant to the Legge Amato, Carisbo restructured by separating its ownership, philanthropic endeavors, and banking operations into two entities: a foundation (Fondazione Carisbo) and a joint-stock company (). That same year, Casse Emiliano Romagnole took on the role of a sub-holding entity, while the foundation preserved majority control. During this period, Carisbo acquired BIMER Banca, an organization created through the merger of Mediocredito Emilia-Romagna and Istituto Regionale di Credito Agrario per l'Emilia-Romagna, which was fully assimilated by 1994. As at 31 December 1993, Carisbo also held minority shares in Cassa di Risparmio di Mirandola.
In 1997, Carisbo purchased a 47% stake in Banca Popolare dell'Adriatico, with CAER acquiring an additional 5%. The subsidiary Finemiro underwent rebranding to become Finemiro Banca. That year also saw Carisbo divest its holdings in Banca di Romagna.
The CAER Group merged with Casse Venete Banca in 2000, resulting in the formation of Cardine Banca. Subsequently, in 2002, Carisbo became part of a group merger with Sanpaolo IMI, and later in 2007 it was integrated into the Intesa Sanpaolo Group, which secured complete ownership.
Sponsorship
Carisbo has been involved in sponsoring activities such as the Bologna Outdoor event and has provided support to sports organizations including Virtus Pallacanestro Bologna.
See also
- Other savings banks originating from provincial capitals within Emilia:
- Cassa di Risparmio di Modena, which preceded UniCredit
- Cariparma, briefly a Crédit Agricole subsidiary (January–February 2007) based in Parma
- Cassa di Risparmio di Piacenza e Vigevano, an antecedent of Cariparma
- Cassa di Risparmio di Reggio Emilia, a predecessor institution to UniCredit