Industry Financial services Services Retail banking Founded 1844 Ceased operations 1995 | Defunct 1995 Headquarters Iesi Successor Nuova Banca delle Marche | |
Native name Cassa di Risparmio di Jesi S.p.A. Former type private Società per Azioni Fate acquired by Banca delle Marche | ||
Cassa di Risparmio di Jesi was an Italian savings bank based in Iesi, in the Province of Ancona, Marche. The bank was found in 1844 in the Papal States. In 1992 the bank was spin-off to form Società per Azioni (a limited company) and a banking foundation. Cassa di Risparmio delle Provincie Lombarde also subscribed the capital increase of the limited company for 66.67 billion lire (30 billion lire as share capital). In 1995 the limited company was acquired by Banca delle Marche in an all-share deal.
As of 31 December 2012, Fondazione Cassa di Risparmio di Jesi still owned about 10% stake in Banca delle Marche. The foundation subscribed all the capital increase of the bank in order to maintain the ownership ratio. However, it also caused the foundation concentrating on invest to the bank mainly.
In 2015 the shareholders and subordinated bond owner of Banca delle Marche were bail-in to the failure of the bank. The net assets of the foundation decreased from €76,388,622 to €10,989,510.