Banca Centropadana Credito Cooperativo, Società Cooperativa is an Italian cooperative bank based in Guardamiglio, Lombardy. The bank was a member of Federazione Italiana delle Banche di Credito Cooperativo - Casse Rurali ed Artigiane (Federcasse) and Federazione Lombarda delle Banche di Credito Cooperativo (Lombard Co-operative Banks Federation, holding 2.09%).[3]
History
The bank was founded in 1971 in Guardamiglio as a merger of three rural credit unions.[1]
In 2014 Banca Centropadana acquired some branches of Banca Farnese from Cassa di Risparmio di Ferrara.
In 2016, due to banking reform of BCC banks (Law N°49/2016), the bank joined a banking group. The reform allowed banks with more than €200 million shareholders' equity to join a banking group or demutualize, forming a società per azioni. Banca Centropadana chose to remain as a co-operative bank.