Cassa di Risparmio di Calabria e Lucania S.p.A. (Carical) was an Italian bank based in Cosenza, Calabria. The bank was merged with other banks to form Banca Carime.
History
Cassa di Risparmio di Calabria was found on 24 September 1861. The bank later extended to Lucania (Basilicata region), as Cassa di Risparmio di Calabria e di Lucania. From March 1987 to July 1988 the bank was under special administration by the state, which was recapitalized later.
In 1992 the bank formed a new subsidiary Cassa di Risparmio di Calabria e Lucania S.p.A. (company limited by shares), with the original statutory corporation became Fondazione Cassa di Risparmio di Calabria e di Lucania, a banking foundation. The bank was 50% owned by the foundation and 50% other shareholders[1] (Banca CRT 16.7%, Cariplo 16.7%, ICCRI, Caripuglia, Sicilcassa and others).[2]