Banca di Legnano
From Wikipedia, the free encyclopedia
Native name | Banca di Legnano |
|---|---|
| Founded | 1887 |
| Defunct | 2013 |
| Headquarters | Legnano , Italy |
| Owner | Banca Popolare di Milano (100%) |
| Parent | Banca Popolare di Milano |
Banca di Legnano was an Italian bank based in Legnano, Lombardy. The bank was absorbed into the parent company Banca Popolare di Milano in 2013.
Banca di Legnano was a subsidiary of Banca Commerciale Italiana (BCI) for 55% shares. In 1999, BCI merged with Banca Intesa to form the Intesa–BCI group. On 1 January 2001 Banca Popolare di Milano (BPM) acquired all 55% shares from Intesa, for 1,300 billion lire.[1] It also triggered a public offer to buy the remain shares. In 2002 BPM owned 100% shares of Banca di Legnano.[2] In 2007, BPM was the owner of the bank for 93.51% shares, with the rest owned by Crédit Industriel et Commercial (CIC) for 6.49%, which was acquired in 2004.[3] In 2011 BPM acquired the remaining 6.49% shares for €100 million.[4]
In 2012 Cassa di Risparmio di Alessandria was absorbed into Banca di Legnano.[5] In the next year Banca di Legnano was absorbed into BPM on 14 September.[6] On 31 December 2012 the bank had a shareholders equity of €960 million.[5]
Sponsorship
The bank was a sponsor of Coppa Bernocchi.
