Banca Agricola Mantovana

Banca Agricola Mantovana
Native name
Banca Agricola Mantovana S.p.A.
FormerlyBanca Agricola Provinciale Mantovana
Company typesubsidiary of a listed company
IndustryFinancial services
Founded1871
Defunct2008
FateAbsorbed by the parent company
Headquarters30 Corso Vittorio Emanuele II,
Mantua
,
Italy
OwnerBanca MPS (100%)
ParentBanca MPS
WebsiteOfficial website

Banca Agricola Mantovana S.p.A. (BAM) was an Italian bank based in Mantua, Lombardy. The bank was a subsidiary of Banca Monte dei Paschi di Siena. On 31 March 2008, the bank had a total assets of €13,502,864,975.[1]

History

Found 1871 as Banca Agricola Provinciale Mantovana,[2] Banca Agricola Mantovana (BAM) was a cooperative bank based in Mantua. In 1932 Banca Mutua Popolare di Mantova was merged with Banca Agricola Mantovana.[2] In 1989 the bank absorbed Banca Operaia di Bologna.

In 1998, the bank formed a joint venture agreement with Unipol in Quadrifoglio Vita, an insurance company that operated in BAM's network.[3] BAM also acquired a minority ownership in Finsoe, the intermediate parent company of Unipol. As at 31 December 2000, BAM held 5.601% of Finsoe.[4]

BAM was acquired by Banca Monte dei Paschi di Siena (Banca MPS) in 1999. Circa 1999–2000 the bank was changed from a cooperative society (S.C.) to a limited company (società per Azioni). In 2000 Banca MPS controlled 51.487% shares.[4] It was increased to 52.311% in 2001[5] and 65.546% in 2002.[6] In 2003 Banca MPS acquired 100% shares of BAM and Banca Toscana.[7][8] Sanpaolo IMI was a minority shareholders of BAM for 8.49% as at 31 December 2001, which was sold to Banca MPS for €206 million.

On 21 September 2008 BAM was absorbed into Banca MPS.[9][10] While Quadrifoglio Vita was transformed to a joint venture of AXA and Banca MPS in the same year, as well as Banca MPS sold all the shares of Finsoe, the parent company of Unipol.

Sponsorship

Banca Agricola Mantovana was the sponsor of the round 7 of 1984 Italian Formula Three season.

Foundation

In 2000 Banca Agricola Mantovana and Banca Monte dei Paschi di Siena established Fondazione Banca Agricola Mantovana, an independent charity organization.

See also

References

  1. ^ "Situazione patrimoniale di fusione" (PDF). Banca Banca Monte dei Paschi di Siena (in Italian). Borsa Italiana archive. 11 July 2008. Retrieved 14 April 2016.
  2. ^ a b "Sede" [Headquarter] (in Italian). Fondazione Banca Agricola Mantovana. 2010. Retrieved 23 February 2016.
  3. ^ "1998 CONSOLIDATED ANNUAL ACCOUNTS" (PDF). Unipol Group. 20 December 1999. Archived from the original (PDF) on 2016-02-25. Retrieved 23 February 2016.
  4. ^ a b "2000 Bilancio Consolidato" (PDF). Banca Monte dei Paschi di Siena (Banca MPS) (in Italian). Borsa Italiana archive. 30 March 2001. Retrieved 23 February 2016.
  5. ^ "2001 CONSOLIDATED FINANCIAL STATEMENTS" (PDF). Banca MPS. Borsa Italiana archive. 27 March 2002. Retrieved 23 February 2016.
  6. ^ "2002 Bilancio Consolidato" (PDF). Banca MPS. Borsa Italiana archive. 27 March 2003. Retrieved 23 February 2016.
  7. ^ "2003 Bilancio Consolidato" (PDF). Banca MPS. Borsa Italiana archive. 25 March 2004. Retrieved 23 February 2016.
  8. ^ "Stipulato l'atto di fusione per incorporazione di Banca Toscana S.p.A. e Banca Agricola Mantovana S.p.A. in Banca Monte dei Paschi di Siena S.p.A." (in Italian). Banca MPS. 25 March 2003. Archived from the original on 4 March 2016. Retrieved 23 February 2016.
  9. ^ "PROGETTO DI FUSIONE PER INCORPORAZIONE DI BANCA AGRICOLA MANTOVANA S.p.A. IN BANCA MONTE DEI PASCHI DI SIENA S.p.A." (PDF). Banca MPS (in Italian). Borsa Italiana archive. 25 July 2008. Retrieved 23 February 2016.
  10. ^ "2008 Bilancio Consolidato" (PDF). Banca MPS. 10 April 2009. Retrieved 23 February 2016.


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