How it started
History
Banca Popolare dell'Emilia was formed by the merger of Banca Popolare di Modena (founded in 1867) with Banca Cooperativa di Bologna on 29 December 1983. The bank merged with Banca Popolare di Cesena to form Banca Popolare dell'Emilia Romagna on 1 May 1992. The bank acquired and absorbed many provincial and regional-level Community Banks (Italian: Banca Popolare) and Savings Banks (Italian: Cassa di Risparmio) from the 1990s to the 2010s.
2000s
In 2005, Cassa di Risparmio di Vignola was privatized for about €33 million. The remaining 23.913% of shares were sold by the banking foundation. In 2006, the minority interests in Cassa di Risparmio di Bra, Fossano, Saluzzo and Savigliano were acquired from UniCredit for about €149 million.
2010s
In February 2013, BPER acquired an additional 35.98% stake of CR Bra S.p.A. from the banking foundation of CR Bra for around €23.9 million. After the deal, BPER owned a 67% stake. The bank was affected by Decree-Law N°3 of 2015, which required banks with assets more than €8 billion to transform from Cooperative societies (S.C.) to Società per Azioni (from one person one vote to one share one vote).
From Wikipedia’s article on BPER Banca, shared under CC BY-SA 4.0.2
