Banca Cassa di Risparmio di Savigliano

Banca Cassa di Risparmio di Savigliano S.p.A. is an Italian savings bank associated with the town of Savigliano in the Province of Cuneo, Piedmont. The institution operated within the traditional Italian casse di risparmio system, a network of savings banks that historically combined deposit-taking and local banking activity with a regional institutional role. Public reference material identifies Savigliano as the bank’s base and places it within the wider restructuring of Italy’s savings-bank sector during the 1990s. A major organizational change followed the Italian banking reforms of 1991. Under that reform framework, the banking business was separated from the non-profit banking foundation associated with the historic savings-bank institution. The commercial bank became a società per azioni, while the foundation retained a separate non-profit status. This separation reflected the broader transformation of Italian savings banks from traditional public-interest institutions into corporate banking entities operating in a more competitive financial environment. The bank also had a historical relationship with Cassa di Risparmio di Torino, commonly known as Banca CRT, which became a minority shareholder. Following later changes in the ownership structure of Banca CRT and the succession of UniCredit, UniCredit sold its holdings in several local savings banks to Banca Popolare dell’Emilia Romagna, now generally associated with the BPER banking group. The transaction covered interests in Savigliano, Bra, Fossano, and Saluzzo. The reported total consideration for the four holdings was approximately €149 million, while the reported consideration attributable to CR Savigliano was €33.409 million. These ownership changes connected Banca Cassa di Risparmio di Savigliano to the consolidation of Italy’s regional banking sector. The available reference material does not provide enough information to establish the bank’s founding year, current ownership, present operating status, executive leadership, detailed branch network, product portfolio, or current website. Accordingly, the bank is best described here as a locally rooted Italian savings-bank institution with a documented history of corporate separation and regional-bank shareholding changes, rather than as an internationally operating financial brand.

Banca Cassa di Risparmio di Savigliano is an Italian savings bank historically based in Savigliano, in Piedmont’s Province of Cuneo. Its institutional identity belongs to the Italian savings-bank tradition, in which locally established casse di risparmio collected deposits, provided credit, and supported economic activity in their surrounding communities. The available reference material does not identify a founding date or founder, so the bank’s early history cannot be dated reliably from the supplied sources. The most clearly documented phase in the bank’s history is the transformation brought about by Italy’s banking reforms in 1991. The reforms required the historic savings-bank institution to be separated into two legally distinct components. The banking operations were placed in a società per azioni, or joint-stock company, while the associated non-profit banking foundation was separated from the commercial bank. This model was used across Italy as savings banks adapted to corporate governance, competition, and the progressive liberalization of the banking industry. For Savigliano, the reform marked a transition from a traditional savings-bank structure to a corporate banking entity. During the subsequent evolution of the Italian banking market, Cassa di Risparmio di Torino, also known as Banca CRT, became a minority shareholder in Banca Cassa di Risparmio di Savigliano. Banca CRT was later succeeded within a broader banking group by UniCredit. UniCredit subsequently disposed of its positions in several local savings banks, including Savigliano, Bra, Fossano, and Saluzzo. The buyer was Banca Popolare dell’Emilia Romagna. The reported consideration for the four transactions was approximately €149 million in total, with €33.409 million attributed to the shares of CR Savigliano. The reported ownership percentages indicate that the transferred position in Banca Cassa di Risparmio di Savigliano represented a substantial minority interest rather than a complete ownership transfer. The reference material gives the Savigliano holding as 31.006 percent. Comparable holdings were reported for the savings banks of Bra and Saluzzo, while the Fossano position was smaller. These transactions illustrate the movement of regional savings-bank stakes from institutions associated with older local and national banking structures toward larger banking groups. The supplied sources do not establish the bank’s current corporate ownership, whether it continues to operate under the same name, its present headquarters, its executive team, or the scope of any current retail or commercial banking network. They also do not provide a detailed chronology of products, advertising, branch openings, mergers, or financial performance. The documented history therefore centers on the 1991 legal separation and the later transfer of a significant minority shareholding within the consolidation of Italy’s banking sector.

• 1991

  Corporate separation under Italian banking reform

  [1]Banca Cassa di Risparmio di Saviglianoen.wikipedia.org

  The historic savings-bank institution was separated into a joint-stock banking company and a distinct non-profit banking foundation.

• UniCredit divested its Savigliano shareholding

  [1]Banca Cassa di Risparmio di Saviglianoen.wikipedia.org

  Following the succession of Banca CRT by UniCredit, UniCredit sold its reported 31.006 percent interest in Banca Cassa di Risparmio di Savigliano to Banca Popolare dell’Emilia Romagna as part of a wider sale of regional savings-bank holdings.

A locally rooted Italian savings-bank institution serving the Savigliano area and participating in the historical modernization and consolidation of Italy’s regional banking sector.

• Retail banking

  Savings and deposit banking

  As a savings bank, the institution’s core business historically included the collection of deposits and the provision of savings-oriented banking services to customers in its local market. The supplied sources do not identify specific account names, rates, or current product terms.

• Banking

  Credit and lending

  The bank’s role as a local banking institution implies a lending and credit function for households and businesses in its surrounding territory. No detailed information about loan categories, underwriting policies, pricing, or current availability is provided in the reference material.

• Commercial banking

  Local business banking

  The institution was part of a regional savings-bank system designed to support local economic activity. Its historical business scope may therefore have included services for local enterprises, but the supplied sources do not document specific business-account, payment, treasury, or advisory offerings.

• 1991

  Conversion into a joint-stock banking companyStrategy

  Background

  Italian banking reform changed the legal and institutional model of traditional savings banks, including the Savigliano institution.

  Action taken

  The banking operations were separated into a società per azioni, while a non-profit banking foundation was established as a distinct entity.

  Aftermath

  The change aligned the bank with the corporate structure used by modern Italian commercial banks and enabled later changes in shareholding and group relationships.

  Source

• Sale of the Savigliano shareholding to Banca Popolare dell'Emilia RomagnaM&A

  Background

  UniCredit inherited or held interests associated with the former Banca CRT relationship and later sold positions in several regional savings banks.

  Action taken

  UniCredit sold its reported 31.006 percent holding in Banca Cassa di Risparmio di Savigliano to Banca Popolare dell’Emilia Romagna, alongside holdings in the savings banks of Bra, Fossano, and Saluzzo.

  Aftermath

  The transaction transferred a substantial minority interest to a larger regional banking group and formed part of the consolidation of Italy’s savings-bank sector.

  Reported consideration for the CR Savigliano shares. €33.409 million

  Source

• 1991

  Italian savings-bank reform separated the banking company from its non-profit foundation[1]Banca Cassa di Risparmio di Saviglianoen.wikipedia.org

  Regulation

  Banking reforms in Italy led Banca Cassa di Risparmio di Savigliano to be divided into a società per azioni carrying on the banking business and a separate non-profit banking foundation.

• UniCredit sold regional savings-bank holdings to Banca Popolare dell'Emilia Romagna[1]Banca Cassa di Risparmio di Saviglianoen.wikipedia.org

  M&A

  UniCredit sold holdings inherited through the succession of Banca CRT in Banca Cassa di Risparmio di Savigliano and three other local savings banks to Banca Popolare dell'Emilia Romagna. The reported total value for the group of holdings was approximately €149 million.

1. 1Banca Cassa di Risparmio di Saviglianoen.wikipedia.org