Credito_Siciliano

Credito Siciliano

Credito Siciliano

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Credito Siciliano was an Italian bank headquartered in Acireale,[2] Sicily and previously Palermo.[1] It was a subsidiary of Credito Valtellinese until its merger by incorporation into Credito Valtellinese in June 2018.

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The bank had 136 branches, 133 located in Sicily (Province of Agrigento: 4; Province of Caltanissetta: 7; Province of Catania: 51; Province of Enna: 2; Province of Messina: 18; Province of Palermo: 26; Province of Ragusa: 9; Province of Siracusa: 6 and Province of Trapani: 10), plus 3 more in mainland Italy (Milan, Rome, Turin).

Predecessors

Banca del Monte Sant'Agata

Three separate mounts of piety (Italian: monti di pietà) were founded in Catania, at that time part of the Kingdom of Sicily.[3] Monte Grande di Pietà di Sant'Agata, the second mount of the city that named after St.Agatha of Sicily, was founded on 17 December 1809.[3] The mount survived until the modern age of Italy, which was last known as Monte di Credito su Pegno – Banca del Monte Sant'Agata di Catania, a credit institution that was governor by TUB [it], the Italian banking law. The institute was in special administration (Italian: A.S.) from 1992.[4] The institute was also under a.s. in 1981.[5]

In 1994, a company limited by shares, was incorporated by the administrator as Nuova Banca del Monte Sant'Agata S.p.A., acquiring the assets and liabilities of the institute; the old institute was being liquidated (Italian: L.C.A.).[6] The new legal person was later acquired by fellow Sicilian bank Banca Popolare Sant'Angelo.

Banca Regionale Sant'Angelo

Banca Regionale Sant'Angelo was an Italian bank based on 1/E via Siracusa, Palermo, Sicily. The bank was formed by Banca Popolare Sant'Angelo injected part of the bank assets to Nuova Banca del Monte Sant'Agata S.p.A. on 1 January 2001,[7] as well as sold the company to Credito Artigiano (part of Credito Valtellinese group) in mid-2001, by the subscription of the capital increase of Banca Regionale Sant'Angelo, by Credito Artigiano. The shares of Banca Regionale Sant'Angelo was also distributed to the shareholders of Banca Popolare Sant'Angelo, making Credito Artigiano launched a public acquisition offer (Italian: OPA) to buy the remaining 55% shares of the Banca Regionale in 2001.[8][9] In 2002, Banca Regionale Sant'Angelo absorbed other subsidiaries of Credito Valtellinese to form Credito Siciliano.

The former headquarters of Banca Monte Sant'Agata on via Sant'Euplio, Catania, was sold to a company. The site was refurbished as a hotel.[10]

Leasingroup Sicilia

Leasingroup Sicilia was a finance leasing company based in Sicily. Banca Popolare Sant'Angelo increased it stake in the company in 1990s, but spin off to inject the stake to Banca Regionale Sant'Angelo circa 2001. As at 31 December 2001, Banca Popolare di Lodi also owned 5.12% stake .

History

Credito Siciliano was formed on 1 July 2002 by the merger of Banca Popolare Santa Venera (a subsidiary of Credito Valtellinese), Banca Regionale Sant'Angelo (a subsidiary of Credito Artigiano), Leasingroup Sicilia (a subsidiary of Banca Regionale Sant'Angelo, with BP Santa Venera had a minority interests) and the retail division of Cassa San Giacomo (a subsidiary of Credito Valtellinese).[11][12] The new bank was owned by Credito Valtellinese for 39.43% shares, as well as through its subsidiary Credito Artigiano for an additional 35.79% shares at that time.[13] In 2008, the bank recorded a profit of 12.4 million euros.[14]

In May 2018, the merger by incorporation of Credito Siciliano into Creval was approved, with the exchange ratio set at 78.35 new Creval shares.[15] On 25 June 2018, the merger by incorporation into Credito Valtellinese became effective.

References

  1. [1]
    "2014 Relazione e Bilancio" (PDF) (in Italian). Credito Siciliano. 14 October 2015. Retrieved 5 March 2016.
  2. [2]
    "Sede legale". Archived from the original on 2017-12-08. Retrieved 2017-12-08.
  3. [3]
    Righi, L. "Catania (1546)" (in Italian). Fondazione del Monte di Bologna e Ravenna. Retrieved 8 December 2017.[permanent dead link]
  4. [4]
    "[1992] Relazione" (in Italian). Fondo Interbancario di Tutela dei Depositi. 1993. Retrieved 8 December 2017.
  5. [5]
    "Proroga dell'amministrazione straordinaria del Monte di credito su Ppegno – Banca del monte Sant'Agata di Catania" (PDF). Gazzetta Ufficiale della Regione Siciliana (in Italian). 3 October 1981 [Written on 24 July 1981]. p. 1192. Retrieved 8 December 2017.
  6. [6]
    "Nuova Banca del Monte Sant'Agata - S.p.A." Gazzetta Ufficiale (in Italian). 22 August 1994. Retrieved 22 April 2016.
  7. [7]
    Banca Popolare Sant'Angelo; Nuova Banca del Monte S. Agata (24 August 2000) [written on 16 August 2000]. Written at Palermo. "Estratto del progetto scissione parziale". Gazzetta Ufficiale (in Italian). Rome. Retrieved 18 December 2017.
  8. [8]
    "OFFERTA PUBBLICA DI ACQUISTO su azioni ordinarie Banca Regionale Sant'Angelo" (PDF) (in Italian). Credito Artigiano. 11 May 2001. Retrieved 21 April 2016 – via CONSOB archive.[permanent dead link]
  9. [9]
    "Il Credito Artigiano - Gruppo Credito Valtellinese - e la Banca Popolare Sant'Angelo avviano lo sviluppo di una nuova realta' nel panorama bancario siciliano" (in Italian). Credito Valtellinese. 9 May 2000. Archived from the original on 24 April 2016. Retrieved 21 April 2016.
  10. [10]
    Ex Banca del Monte di Pietà S. Agata
  11. [11]
    "2001 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 29 April 2002. Retrieved 5 March 2016.
  12. [12]
    "Benvenuto Credit Agricole". www.creval.it (in Italian). Retrieved 2022-06-27.
  13. [13]
    "2002 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 22 May 2003. Retrieved 5 March 2016.
  14. [14]
    "Utili in salita nel 2008 per Credito Siciliano". Teleborsa (in Italian). Retrieved 2022-06-27.
  15. [15]
    "CreVal, approvata la fusione con Credito Siciliano". Affaritaliani.it (in Italian). 22 May 2018. Retrieved 2022-06-27.

See also
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