Cassa di Risparmio di Tortona was an Italian savings bank based in Tortona, Piedmont. The bank was merged into Banca Lombarda in 1999 (the predecessor of UBI Banca), while the former owner of the bank, Fondazione Cassa di Risparmio di Tortona, still operates as a charity organization.
History
Cassa di Risparmio di Tortona was found in 1911.[1] In 1991 due to Legge Amato, the daily banking operation and ownership were split into a Società per azioni (Banca Cassa di Risparmio di Tortona SpA) and Fondazione Cassa di Risparmio di Tortona. Cassa di Risparmio di Torino (Banca CRT) acquired minority ownership on CR Tortona in 1990s, for 25%.[2] The shares of CR Tortona was sold CR Alessandria after Banca CRT joined Unicredito.[3]