Banca Cívica, S.A. was a bank created as a result of the European debt crisis as an emergency response by the Spanish government regulatory authority "Institutional Protection System" (Spanish: Sistema Institucional de Protección, or SIP) that comprised the savings banks of Caja Navarra, Caja Canarias, Caja de Burgos and Cajasol. It became part of Caixabank on 3 August 2012, at which time shares for the company ceased to be quoted.[1]
History
This institution, the founding entities of which were Caja de Burgos, CajaCanarias and Caja Navarra, was incorporated as a bank by means of notarial instrument issued on 9 June 2010. It began operating on 18 June 2010 and was the first SIP to operate in Spain.
The institution announced its merger with CaixaBank on 23 March 2012.[2]