Owner Banco Popolare (100%) Website Official website | Parent Banco Popolare | |
Type brand and internal division Number of locations over 120 branches (2016) | ||
Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily.
Contents
Predecessors
Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Popolare di Lodi (BPL) had 118 branches on the island, accounted for 7.3% of the total number of branches on the island. It was the second largest banking network in the island, behind Banco di Sicilia which had a 34% market share. The sum of 2nd to 6th largest banks on the island, was still smaller than Banco di Sicilia.
In 2006, a year before the formation of Banco Popolare, Banco Popolare di Verona e Novara had 17 branches in the island, as well as more than 100 branches of Banca Popolare Italiana (ex-BPL). In 2007, the merger of BPVN and BPI made Banco Popolare had 143 branches in the island, which was increased to 145 in the next year. In the same year Banca Popolare di Novara transferred all its 18 branches to Banca Popolare di Lodi, which the subsidiary was specialized in Lombardy (part), Romagna and Sicily. In 2010 the branches was reduced to 127.
The creation of Banco Popolare Siciliano
In 2011, BPV, BPL and BPN were ceased to be a company but a division of Banco Popolare. In 2012 the department Banco Popolare Siciliano was created and managed by the bank division of BPN.