The story
Credito Siciliano was formed on 1 July 2002 by the merger of Banca Popolare Santa Venera (a subsidiary of Credito Valtellinese), Banca Regionale Sant'Angelo (a subsidiary of Credito Artigiano), Leasingroup Sicilia (a subsidiary of Banca Regionale Sant'Angelo, with BP Santa Venera had a minority interests) and the retail division of Cassa San Giacomo (a subsidiary of Credito Valtellinese). The new bank was owned by Credito Valtellinese for 39.43% shares, as well as through its subsidiary Credito Artigiano for an additional 35.79% shares at that time. In 2008, the bank recorded a profit of 12.4 million euros.
In May 2018, the merger by incorporation of Credito Siciliano into Creval was approved, with the exchange ratio set at 78.35 new Creval shares. On 25 June 2018, the merger by incorporation into Credito Valtellinese became effective.
From Wikipedia’s article on Credito Siciliano, shared under CC BY-SA 4.0.4