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Cassa di Risparmio di Cesena

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Industry
  
Financial services

Founded
  
1841, Cesena, Italy

Total assets
  
4.359 billion EUR (2015)

Services
  
Retail banking

Headquarters
  
Cesena

Total equity
  
107.9 million EUR (2015)

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Native name
  
Cassa di Risparmio di Cesena S.p.A.

Type
  
private società per Azioni

Area served
  
Emilia-Romagna, Veneto, Marche, Tuscany and Umbria region

Net income
  
(€252.047 million) (2015)

Subsidiaries
  
Banca di Romagna S.p.A., C.R. Cesena, Asset Management Arm, CARICE Immobiliare SpA

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Cassa di Risparmio di Cesena S.p.A. known as Carisp Cesena in short, is an Italian saving bank based in Cesena, in the province of Forlì-Cesena, Emilia-Romagna region.

Contents

The bank had branches mostly in Emilia-Romagna region (87%; Forlì-Cesena province: 39, Ravenna 35, Rimini 10, Bologna 10, Modena 3, Ferrara 3, Reggio Emilia 2) However it also had 5 branches in Marche (2 in Ancona, 3 in Pesaro-Urbino), Umbria (province of Perugia 3), Tuscany (Arezzo province 3) and Veneto (Padova 2, Rovigo 1).

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History

Cassa di Risparmio di Cesena was found in 1841 by 105 private citizens, two year after fellow saving bank in Forlì who found by a decree of Pope Gregory XVI.

In 1991, due to Italian banking reform, the organization was split into Fondazione Cassa di Risparmio di Cesena, as the owner of the bank and a philanthropic organization, and Cassa di Risparmio di Cesena S.p.A., a limited company which operates as a bank. On 1 January 1999, the owner of Carisp Cesena and Banca di Romagna, forming a new holding company Unibanca . The new banking group cover the whole Emilia-Romagna region.

In October 2010 Carisp Cesena was reversed merger with sub-holding company Unibanca. In 2013, Banca di Romagna was absorbed by Carisp Cesena, but retained as a banking division.

As of 31 December 2014, the original owner of the bank still held 48.027% of the shares, followed by former owner of Banca di Romagna, the banking foundations from Lugo (11.575%) and Faenza (6.462%), both from the province of Ravenna; Banca Popolare di Puglia e Basilicata owned 0.20% stake.

In 2016, after the 2015 financial statements of the bank was approved by the board of directors, a capital increase of €280 million was announced, which was reserved to voluntary scheme of Fondo Interbancario di Tutela dei Depositi. The banking foundations received free warrants to subscribe additional new shares.

Eventually FITD owned 95.3% of the share capital after the capital increase.

References

Cassa di Risparmio di Cesena Wikipedia