The story
Credito Valtellinese is a former cooperative bank based in Sondrio, founded in 1908 as Banca Piccolo Credito Valtellinese. (Not to be confused with Banca Popolare di Sondrio) The bank expanded by the acquisition of Technoleasing (later Bancaperta) in the 1980s, and Credito Artigiano in 1996, which was the parent company of Banca dell'Artigianato e dell'Industria. In 2002, Sicilian banks Banca Popolare Santa Venera in Acireale, Cassa San Giacomo in Caltagirone and Banca Regionale Sant'Angelo were merged to become Credito Siciliano. In 2008, Credito Piemontese, Cassa di Risparmio di Fano, Banca Cattolica di Montefiascone and Credito del Lazio (former Banca della Ciociaria) joined.
From 2004 to 2013, Creval was a minority shareholder of Banca di Cividale.
In 2016, the bank was demutualized, being registered as a Banca Popolare. The new Italian Law N°3/2015 required that banks with more than €8 billion total assets in that category had to be transformed into a società per azioni. The withdrawal price for the shareholders was set at €0.4747 per share. At the same time, a plan was announced to combine 10 old shares into 1 new share.
From Wikipedia’s article on Credito Valtellinese, shared under CC BY-SA 4.0.3