Fate absorbed by BPER Founded 2 December 1962 Parent organization BPER Banca | Defunct 2013 Ceased operations 2013 | |
Formerly called Banca Popolare di Lanciano e Sulmona S.c.r.l. Former type subsidiary of a listed company Predecessor Banca Popolare di LancianoBanca Agricola Industriale di Sulmona | ||
Banca Popolare di Lanciano e Sulmona S.p.A. known as BLS was an Italian cooperative bank based in Lanciano, in Province of Chieti, in Abruzzo region. It was absorbed into Banca Popolare dell'Emilia Romagna in 2013.
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Banca Popolare di Lanciano
Banca Popolare di Lanciano was incorporated on 2 December 1962.
Banca Popolare di Lanciano e Sulmona
On 13 April 1991 it was merged with Banca Agricola Industriale di Sulmona to form Banca Popolare di Lanciano e Sulmona società cooperativa a responsabilità limitata.
As a subsidiary of BPER
In 1995 the bank was transformed from a limited partnership (s.c.r.l.) to limited company (Italian: società per azioni), and the controlling interests was acquired by Banca Popolare dell'Emilia Romagna (BPER). BLS absorbed Banca di Credito Cooperativo di Villamagna in 1996, Banca di Credito Cooperativo di Avezzano and Banca di Credito Cooperativo di Castel Frentano in 2000.
Finbanche d'Abruzzo also became a sub-holding company of the bank in 2000 (for 48.142% shares), which was a joint-venture of BPER (51.878%), La Fondiaria Assicurazioni (15.4%) and Fondazione Cassa di Risparmio della Provincia dell'Aquila (32.72%). BPER owned 2.185% shares of BLS directly as at 31 December 2000. Finbanche d'Abruzzo also owned 82.5% shares of Carispaq. In 2005 BPER owned 100% shares of the sub-holding. In 2008 Finbanche d'Abruzzo was absorbed into BPER, which BPER owned 54.022% shares of BLS directly as at 31 December 2008.
As at 31 December 2012 BPER owned 91% shares of the bank, with Fondazione Pescara Abruzzo owned 1%. The bank had a Tier 1 capital ratio of 17.38%, and a shareholder equity of €319,555,256. In mid-2013 BPER acquired all the shares of BLS, and was absorbed into BPER.