Cassa di Risparmio di Fano
Cassa di Risparmio di Fano S.p.A. was an Italian saving bank based in Fano, Marche. The bank had 40 branches all in Marche and Umbria.
History
Cassa di Risparmio di Fano was founded on 14 January 1843 in Fano, the Papal States. Due to Legge Amato, on 28 May 1992, a Società per Azioni and a banking foundation were found. In the late 1990s, Banca Popolare di Ancona acquired 60% shares of the company, with the foundation and other shareholders retained the remaining stake. In 1996 BPA owned 59.76% shares, its parent company Banca Popolare di Bergamo – Credito Varesino owned 0.29%. It was increased to 66.14% in 1999. In 2002 the remain 33.38% was sold by the foundation for €75 million to BPA. That year BPA owned 99.771% shares, as BP Bergamo transferred their 0.25036% shares to BPA. In 2003 it became part of Banche Popolari Unite.On 27 July 2005 BPA sold 99.92% shares of Carifano to Banca Intesa and FCM S.p.A. for €280 million.
On 3 December 2008 Credito Valtellinese acquired 81.63% shares of Carifano from Intesa Sanpaolo and from FCM S.p.A. for €382.941 million. It also triggered a public offer to buy the remaining 13.37% shares, as FCM S.p.A. chose to retain 5%. In 2009 Credito Valtellinese owned 94.85% shares. In 2011 increased to 99.73%. On 1 January 2012 the privatization was completed. A new company, Nuova Carifano S.p.A. was also incorporated on 18 April 2011 to receive the assets and liabilities of old Carifano which was absorbed into Credito Valtellinese.
On 20 September 2016 Credito Valtellinese has announced a plan to absorb Carifano again. The legal date was expected on 28 November.