Native name Bipop Carire S.p.A. Fate absorbed by UniCredit Headquarters Brescia Number of locations 322 | Industry Financial services Defunct 2008 Founded 1999 Ceased operations 2008 | |
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Former type Subsidiary of a listed company Successor various divisions of UniCredit Predecessor Cassa di Risparmio di Reggio Emilia | ||
Bipop Carire S.p.A. was an Italian bank group based in Brescia, Lombardy. The group became part of Capitalia in 2002. Capitalia became part of UniCredit in 2007, which Bipop Carire was absorbed by the parent company in 2008.
Contents
Fineco was a subsidiary of the group.
History
Bipop–Carire was a merger of Cassa di Risparmio di Reggio Emilia (Carire, found 1494) and Banca Popolare di Brescia (Bipop, found 1983 by the merger of Banca Popolare di Lumezzane and Banca Popolare di Palazzolo) in 1999. It was listed in Borsa Italiana (Milan Stock Exchange). However the group was suffered from false account scandal in 2001, which the group was then merged with Banca di Roma to form Capitalia in 2002.
4 branches were sold to Banca Carige in 2008, after Capitalia was merged with UniCredit. The rest of the retail branches was received by the sister company UniCredit Banca (Northern Italy) and Banca di Roma (Central-South Italy).
Sponsorship
The group was a sponsor of Pallacanestro Reggiana.