Native name Banco di Sicilia Area served Sicily Website www.bancodisicilia.it Number of locations 425 Parent organization UniCredit Bank Romania | Defunct 2010 Owner UniCredit (100%) Headquarters Palermo Ceased operations 2010 | |
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Fate absorbed by parent company Founded 27 September 1849, Palermo, Italy | ||
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Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010.
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History
In 1997 it acquired Sicilcassa, at the same time the capital increase of Banco di Sicilia was subscribed by Mediocredito Centrale.
In 1999 Mediocredito Centrale Group was acquired by Banca di Roma. Banco di Sicilia became a subsidiary the group. According to Banca d'Italia, Banco di Sicilia had market shares of 34% at that time in the island, in terms of branches. The sum of the branches of the second to sixth largest banking group in the island was still lower than 34%. (Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana, Banca Monte dei Paschi di Siena and Banca Popolare Sant'Angelo)
In 2002 Banco di Roma merged with Bipop Carire to form Capitalia. In 2007 Capitalia was acquired by UniCredit, which Banco di Sicilia became its subsidiary instead.
In 2008, 20 branches of the bank were sold to Banca Carige.
In 2010, UniCredit Banca, Banco di Sicilia and Banca di Roma were absorbed by the parent company.
As at 31 December 2009, Banco di Sicilia had a total assets of €14,921,651,349 and a shareholders' equity of €422,168,345.