Industry Financial services Founded 4 August 1872 Ceased operations November 29, 2010 | Fate absorbed into BPER Parent organization BPER Banca | |
Native name Banca CRV – Cassa di Risparmio di Vignola S.p.A. Formerly called Cassa di Risparmio di Vignola Former type subsidiary of a listed company Successor Fondazione di Vignola (charity only)local branches of BPER | ||
Cassa di Risparmio di Vignola was an Italian retail bank based in Vignola, in the Province of Modena, Emilia–Romagna region. It was absorbed by Banca Popolare dell'Emilia Romagna in 2010.
History
Cassa di Risparmio di Vignola (the saving bank of Vignola) was found on 4 August 1872. Soon after it merged with the saving bank of Spilamberto. Due to Legge Amato, the bank was split into Banca CRV – Cassa di Risparmio di Vignola S.p.A. (a limited company) and Fondazione Cassa di Risparmio di Vignola (a bank foundation; now known as Fondazione di Vignola) on 20 December 1991 (gazetted on 24 January 1992).
The foundation sold the majority interests in the company, to Banca Popolare dell'Emilia Romagna (BPER) in late 1990s. In 2000, BPER owned 76.087% shares. The remain 23.913% shares was sold by the foundation to BPER in 2005, for about €33 million.
On 29 November 2010 the bank was absorbed into the parent company.