The story
Cassa di Risparmio in Bologna (Carisbo) formally started on 26 September 1837 after the idea of forming a bank emerged 2 years before in Bologna, in the Papal States.
In December 1991, due to Legge Amato, the bank ownership, charity and daily banking operation were separated into a banking foundation (Fondazione Carisbo) and a limited company (Italian: Carisbo società per azioni). Casse Emiliano Romagnole also became a sub-holding company of the bank, which was majority owned by the foundation. In the same year Carisbo acquired BIMER Banca (Banca dell'Emilia-Romagna per i Finanziamenti a Medio e Lungo Termine), which was a merger of Mediocredito Emilia-Romagna and Istituto Regionale di Credito Agrario per l'Emilia-Romagna It was absorbed into Carisbo in 1994. As at 31 December 1993, Carisbo also had a minority interests in Cassa di Risparmio di Mirandola.
In 1997 Carisbo acquired 47% shares of Banca Popolare dell'Adriatico, with CAER also acquired 5%. In 1997 Finemiro, a subsidiary of Carisbo, also transformed into Finemiro Banca. In 1997 Carisbo also sold their shares on Banca di Romagna.
In 2000 CAER Group merged with Casse Venete Banca to form Cardine Banca.
In 2002 Carisbo S.p.A. followed the group merged with Sanpaolo IMI. In 2007 Carisbo SpA followed Sanpaolo IMI to become part of Intesa Sanpaolo Group, which owned 100% shares of the bank.
From Wikipedia’s article on Cassa di Risparmio in Bologna, shared under CC BY-SA 4.0.3