Type società per Azioni Founder Mons. Torello Pierazzi | Industry Financial services Founded 1830, San Miniato, Italy | |
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Native name Cassa di Risparmio di San Miniato S.p.A. Headquarters 45 via IV Novembre, San Miniato, Italy Area served Tuscany region
Milan, Lombardy
Rome, Lazio Net income (€68.690 million) (2015) | ||
Cassa di Risparmio di San Miniato S.p.A. (Carismi) is an Italian regional bank based in San Miniato, in the Province of Pisa, Tuscany.
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History
Cassa di Risparmio di San Miniato was found on 27 April 1830 in the Grand Duchy of Tuscany, a year after the saving bank of Florence, the oldest saving bank in Tuscany region. On 14 January 1886, the saving bank gained an independent status by royal decree (part away from Florence).
Due to Legge Amato, the bank was split into a company limited by shares (società per azioni) and a banking foundation (Ente Cassa di Risparmio di San Miniato, later renamed to Fondazione Cassa di Risparmio di San Miniato) on 13 April 1992 (gazetted on 14 May). The bank immediately sold about 70% shares of the bank to Holding Casse Toscane (literally Tuscan Saving Banks), a new intermediate holding company for the saving bank (Italian: Cassa di Risparmio) of San Miniato, Florence, Livorno, Lucca, Pisa, Pistoia–Pescia, and Banca del Monte di Lucca. The ente received about 12% shares of Casse Toscane in return, making the ente had a minority interests in other banks, but only hold about 30% shares of their own bank directly or about 38.4% combined.
In March 1998 Pistoia–Pescia and San Miniato withdrew from Casse Toscane, after Lucca, Pisa, Livorno and BM Lucca left in 1995 (forming Casse del Tirreno); A minority interests of 25% was sold to another Tuscan bank Banca Monte dei Paschi di Siena (Banca MPS) in 1999, with the ente retained the remain 75% (Finanziaria CRSM S.p.A., a wholly owned subsidiary of the ente, owned about 62.83% shares of the bank, which was renamed to Grifoni CRSM S.p.A.). From 1997 to 1999, San Miniato was the third largest bank in the Province of Pisa, with an average market share of 18.5% in terms of deposits. However, after alliance with Banca MPS, the group was the largest bank in the province, suppressing Casse del Tirreno (about 24.4%) and Cassa di Risparmio di Volterra (about 10%).
Currently insurance company Cattolica Assicurazioni hold around 25%. The banking foundation through direct and indirectly ownership (Grifoni CRSM S.p.A.), currently holds 54.77% shares as the largest shareholders.
In 2016 a capital increase of €55 million was announced.
Minority interests
The bank owned a minority interests (20% shares) of Cassa di Risparmio di Volterra, with an additional 5% shares was owned by the banking foundation of San Miniato.
Sponsorship
The bank was a sponsor of local football club A.C. Tuttocuoio 1957 San Miniato.