Cassa di Risparmio di Loreto S.p.A. also known as Carilo was an Italian savings bank based in Loreto, in the Province of Ancona. It was one of the 7 saving banks in Marche region in 1990s. 3 out of 7 saving banks were predecessors of Banca delle Marche banking group, which acquired Carilo in 1997; In January 2017 [New] Banca delle Marche banking group was acquired by UBI Banca, after [old] Banca Marche was nationalized in November 2015.
History
Monte di Risparmio della Città di Loreto was founded in 1861 in unified Italy. It was renamed to Cassa di Risparmio di Loreto in the next year. in 1927 the bank absorbed "Cassa di Prestiti e Risparmio di Castelfidardo".[2] Due to "Amato" Law, the banking activities was incorporated as a Società per azioni, while the original banking organization was renamed to the Ente Cassa di Risparmio di Loreto (later renamed to the Fondazione Cassa di Risparmio di Loreto; Carilo Foundation) The ente owned 71.43% shares of the S.p.A.[3] In 1997 Banca delle Marche became the parent company of the banking S.p.A. for 78.81% shares, with the rest were held by the banking foundation of Carilo. The move made Banca delle Marche one of the largest banking group in the region, which owned 4 out of 7 saving banks of Marche. (the remain 3 saving banks were