Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding company of Intesa in late 1990s, and was fully absorbed circa 2000.
History
The bank was formed on 12 June 1823 by the count Giovanni Pietro Porro, in Kingdom of Lombardy–Venetia, decades before the unification of Italy. Situated in industrialized Northern Italy, the Lombard firm had become one of the major bank in Italy. In 1926 the bank absorbed Cassa di Risparmio di Voghera[1] and Cassa di Risparmio di Novara in 1928.[2]
In December 1991, due to Legge Amato, the bank, as società per azioni, and Fondazione Cariplo were formed to separate ownership, charity and daily banking operation.
The bank also started its own expansion strategy 1990s, which acquired shares of the saving banks of