Banca Popolare di Mantova

Banca Popolare di Mantova

Native name	Banca Popolare di Mantova S.p.A.
Company type	Subsidiary Società per azioni (legal form)
Industry	Financial services
Predecessor	Banca Operaia di Pescopagano
Founded	2000 in Mantua
Defunct	31 December 2016 (2016-12-31)
Fate	became SPV to create BPM S.p.A.
Successor	Banca Popolare di Milano S.p.A.
Headquarters	7 Piazza Martiri di Belfiore, Mantua , Italy
Number of locations	17 (2015)
Services	Retail banking
Revenue	17.519 million (2015)
Net income	€1.313 million (2015)
Total assets	€552.423 million (2015)
Total equity	€36.670 million (2015)
Owner	Banca Popolare di Milano (62.91%) Omniaholding (14.86%) Zanetti family (13.26%) Corneliani (1.92%) others (7.05%)
Number of employees	78 (2015)
Parent	Banca Popolare di Milano S.c. a r.l.
Capital ratio	9.45% (CET1)
Footnotes / references source

Banca Popolare di Mantova S.p.A. was an Italian cooperative bank based in Mantua, Lombardy. Including the headquarters, the bank operated at 17 locations.

History

The company was relocated from Pescopagano, Basilicata (as Banca Operaia di Pescopagano) to Mantua in 2000, which the branches of the original bank were acquired by Banca Bipielle Centrosud, a subsidiary of Banca Popolare di Lodi (BPL Group). In 2001 the bank increased to have 4 branches. The year BPL owned 57.41% shares directly. In 2002 Bipielle Retail became the sub-holding company for 56.35%, as well as one more branch was opened. In 2003 Reti Bancarie absorbed Bipielle Retail to become another sub-holding company. In 2004 BPL further disinvested the company to 52.32%, despite 2 more branches being opened. In 2005 BP Mantova had 8 branches. In 2006 Reti Bancarie was absorbed into BPL, which hold 55.01% shares of BP Mantova. In 2007 due to the merger of Banco Popolare di Verona e Novara and BPL, Banco Popolare S.C. became the new holding company of the bank. However, due to the branch network overlapped with Banca Popolare di Verona – S.Geminiano e S.Prospero, Banco Popolare sold 56.99% shares of BP Mantova to Banca Popolare di Milano for €32.49 million in 2008.

In 2009, BPM held 57.05% shares, with Omniaholding S.p.A. as the second largest shareholders of 13.8979%, which was the holding company for the Roberto Colaninno family.

Follow the merger of parent company Banca Popolare di Milano S.c. a r.l. with Banco Popolare S.C. to form Banco BPM S.p.A., the branches of Banca Popolare di Milano were injected to Banca Popolare di Mantova in order to keep the branches as a subsidiary (as Banca Popolare di Milano S.p.A.) instead of division.

See also

• Banca Agricola Mantovana

External links

• Official website