Cassa dei Risparmi di Forlì e della Romagna

Cassa dei Risparmi di Forlì e della Romagna S.p.A., known as Cariromagna, was an Italian savings bank based in Forlì, Emilia-Romagna region. Despite the bank having become branches of Intesa Sanpaolo in 2018, the former parent company of the bank (before the takeover by Intesa), Fondazione Cassa dei Risparmi di Forlì, as of 2019, is still in operation as a banking foundation and charity organization.

Cassa dei Risparmi di Forlì e della Romagna S.p.A.
Formerly
  • Cassa di Risparmio di Forlì
  • Cassa dei Risparmi di Forlì
TypeSubsidiary
IndustryFinancial services
Fateabsorbed by Intesa Sanpaolo
Successors
Founded
  • 1839 (1839) in Forlì, the Papal States
  • 1992 in Forlì as a S.p.A.
Defunct2018
Headquarters
Forlì
,
Italy
Number of locations
 77 branches (2017)
Area served
Romagna region, Italy
Key people
Adriano Maestri (Chairman)
Brands
  • Cariromagna
  • Cariforlì
Services
  • retail banking
  • corporate banking
€−021.8 million (2017)
Total assets €5,254.2 million (2017)
Total equity €0256.8 million (2017)
Owners
Intesa Sanpaolo(82.30%)
Fondazione Cariforlì(10.74%)
Number of employees
 797 (2017)
Capital ratio11.0% (CET1 capital ratio at 2017-12-31)
Websitewww.cariromagna.it
Footnotes / references
source of data[1]:5, 17–19

The bank also had former names Cassa di Risparmio di Forlì and Cassa dei Risparmi di Forlì and Cassa dei Risparmi di Forlì S.p.A..

History

Found in 1839 by a decree of Pope Gregory XVI in Forlì, in the Papal States, Cassa di Risparmio di Forlì (Cariforlì in short, renamed to Cassa dei Risparmi di Forlì in 1859) was a savings bank which serves Forlì and surrounding area. In 1992, due to Legge Amato, the bank was split into two entities, Fondazione Cassa dei Risparmi di Forlì (Fondazione Cariforlì) which serves as the owner and a philanthropic organization, and "Cassa dei Risparmi di Forlì S.p.A." as the company to run bank activities.[2]

In 2000, Sanpaolo IMI acquired the bank minority rights to serve as a strategic partner. Banca CR Firenze also acquired a minority interests on the bank. On 31 December 2006, Sanpaolo IMI held 38.25% voting rights and share capitals, while Banca CR Firenze held 11.614% ordinary shares and preferred shares worth 1.136% of the shares capital. The banking foundation only retained 28.38% as the second largest shareholders. Private citizens owned 20.62%.[3]

The bank was renamed to Cassa dei Risparmi di Forlì e della Romagna (in short "Cariromagna") on 19 March 2007 to serve for the banking group as a brand in Romagna region. In the same year Sanpaolo IMI and Banca CR Firenze were merged with Banca Intesa to become one of the two multi-national banking group of Italy, Intesa Sanpaolo (the other one was UniCredit). Cariromagna received branches from other subsidiaries of the banking group to enhance its branch network in the region.

Followed the announcement of the business plan of Intesa Sanpaolo, the banking group retired the brand Cassa dei Risparmi di Forlì e della Romagna. Intesa Sanpaolo also absorbed the legal person of Cassa dei Risparmi di Forlì e della Romagna in the same year.[4][5][6]

Sponsorship

The bank was a sponsor of local football team Forlì F.C.,[7] which plays in 2012–13 Lega Pro Seconda Divisione.

Banking foundation

Fondazione Cassa dei Risparmi di Forlì was the original legal entity of the bank, as well as the largest shareholder of the new legal person since 1992. After the bank was acquired by Intesa Sanpaolo, the foundation retained a minority stake. The foundation still served as a charity organization for the Romagna region and the city of Forlì .

See also

References
  1. Relazione e bilancio di Cassa dei Risparmi di Forlì e della Romagna S.p.A. dell'esercizio 2017 (PDF) (Report). Cassa dei Risparmi di Forlì e della Romagna. 2018. Retrieved 10 March 2019 – via Intesa Sanpaolo website.
  2. Ministro del tesoro (3 July 1992). "Approvazione del progetto di ristrutturazione presentato dalla Cassa dei risparmi di Forlì". Gazzeta Ufficiale (in Italian). Istituto Poligrafico e Zecca dello Stato. Retrieved 10 March 2019.
  3. "2006 Bilancio di missione" (PDF) (in Italian). Fondazione Cassa dei Risparmi di Forlì. 5 April 2007. Retrieved 18 February 2016 – via ACRI archive.
  4. "Intesa Sanpaolo: merger by incorporation of Cassa dei Risparmi di Forli' e della Romagna S.p.A. into Intesa Sanpaolo S.p.A." (Press release). Intesa Sanpolo. 6 April 2018. Retrieved 15 July 2018.
  5. "Intesa Sanpaolo: mergers of Group companies" (Press release). Intesa Sanpolo. 24 May 2018. Retrieved 15 July 2018.
  6. "Fusione per incorporazione di Cariromagna in Intesa Sanpaolo, le assemblee approvano l'operazione". Forlì Today (in Italian). Gruppo Editoriale Citynews. 24 May 2018. Retrieved 10 March 2019.
  7. "Forlì calcio in festa all'Auditorium Cariromagna "Forlì calcio in festa all'Auditorium Cariromagna"". Forlì Today (in Italian). Gruppo Editoriale Citynews. 26 September 2012. Retrieved 3 January 2016.
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