Cassa di Risparmio di Vercelli was an Italian retail bank and charity organization, based in Vercelli, Piedmont. In 1991 it was split into Cassa di Risparmio di Vercelli S.p.A. and Fondazione Cassa di Risparmio di Vercelli. The former was merged with another Piedmontese bank Cassa di Risparmio di Biella in 1994.
Bank
Cassa di Risparmio della Città e Provincia di Vercelli was formed by the royal decree on 19 August 1851.[1] Due to Legge Amato, it was split into Cassa di Risparmio di Vercelli S.p.A. and Fondazione Cassa di Risparmio di Vercelli on 23 December 1991 (gazetted on 24 January 1992).[2] In late 1994, the company was merged with Cassa di Risparmio di Biella, in a ratio of 26.2% (Vercelli) and 73.8% (Biella).[3]