Banca Popolare di Lodi
Corporate brand
UnclaimedAn Italian cooperative banking brand founded in Lodi in 1864 and retained as a banking division after its legal absorption into Banco Popolare.
Last updated August 25, 2026
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Overview
Banca Popolare di Lodi is an Italian banking brand originating in Lodi, Lombardy. Founded in 1864, it developed from a locally rooted cooperative bank into a broader regional banking group through alliances, acquisitions, subsidiaries and reorganizations. During the 1990s, the institution adopted the legal form Banca Popolare di Lodi S.c.r.l. and increasingly used the Bipielle identity for its group activities. The bank’s expansion accelerated through a series of purchases and participations in Italian financial institutions. It acquired or controlled interests connected with Credito Molisano, Cassa di Risparmio di Lucca, Pisa e Livorno, Banca di Imola, Banco di Chiavari e della Riviera Ligure and other regional banking businesses. It also held significant positions in institutions such as Banca Popolare di Crema, Banca Popolare di Cremona, Banca Popolare di Mantova, Banca Caripe and Südtiroler Sparkasse. These activities made BPL a multi-brand regional banking group rather than only a single-city cooperative bank. BPL participated in ARCA, an alliance of Italian cooperative banks that included Banca Antoniana, Banca Popolare Commercio e Industria, Banca Popolare di Crema, Banca Popolare di Cremona and Banca Popolare Veneta. ARCA later joined with the North East Group in a wider cooperative-banking arrangement. BPL subsequently consolidated parts of the alliance by acquiring Banca Popolare di Crema and Banca Popolare di Cremona, while other members pursued separate mergers. The group’s corporate structure changed substantially in the 2000s. Reti Bancarie and Bipielle Investimenti were absorbed into BPL in 2006, with the former entities being delisted and their shareholders receiving BPL shares. In 2005, Reti Bancarie had been renamed Banca Popolare Italiana, reflecting the institution’s broader national ambitions. The bank was also involved in the Bancopoli affair, a controversial episode in Italy’s banking sector concerning the attempted acquisition of Banca Antonveneta and related share transactions. In 2007, Banca Popolare Italiana merged with Banco Popolare di Verona e Novara to create Banco Popolare S.C. Banca Popolare di Lodi was retained as a sub-holding company and continued to coordinate selected regional banking activities. Branches and businesses were exchanged with sister banks to give different brands clearer geographic responsibilities, while certain subsidiaries were sold, transferred or rebranded. In 2008, the group relaunched the Cassa di Risparmio di Imola and Banco di Chiavari e della Riviera Ligure names. The legal company was absorbed into Banco Popolare in 2011. The Banca Popolare di Lodi name was nevertheless retained as a division and brand, covering banking activities in Lodi and other former territorial areas associated with the group, including activities linked to the former Crema, Cremona, Lucca and Chiavari franchises. The brand is therefore best understood as a surviving regional banking identity within the successor banking group rather than as an independent listed bank. Banco Popolare later became part of Banco BPM, the current group associated with the brand.
History
Banca Popolare di Lodi was established in 1864 in Lodi, Lombardy, as a cooperative bank serving the local economy. Its original identity was closely connected with the Italian popolari banking tradition, in which member-shareholders and regional relationships played an important role. Over time, the institution broadened its activities beyond Lodi and became an important participant in the consolidation of Italy’s cooperative banking sector. During the 1990s, the bank adopted the legal name Banca Popolare di Lodi S.c.r.l. and developed the Bipielle Group identity. The Bipielle name was used across an expanding corporate structure that included banking, credit-management, international and investment-related businesses. BPL also joined ARCA, an alliance of cooperative banks that included Banca Antoniana, Banca Popolare Commercio e Industria, Banca Popolare di Crema, Banca Popolare di Cremona and Banca Popolare Veneta. In 1989, ARCA combined with the North East Group in a broader alliance involving several other Italian popolari banks. BPL pursued expansion through acquisitions and minority investments. Its recorded transactions included Credito Molisano in 1998, Cassa di Risparmio di Lucca, Pisa e Livorno in 1999, Banca di Imola in 2000, and Banco di Chiavari e della Riviera Ligure in 2003. It also acquired or controlled stakes in Banca Popolare di Crema, Banca Popolare di Cremona, Banca Popolare di Mantova, Banca Caripe and other financial businesses. The group held a minority interest in Südtiroler Sparkasse until 2006–07. These transactions created a network of regional banking brands and subsidiaries. From 2003 to 2006, the listed sub-holding Reti Bancarie held several of the group’s regional and financial-service interests. In May 2004, Reti Bancarie entered a five-year partnership with Aurora Assicurazioni, an insurance company associated with Unipol Group. In 2005, Reti Bancarie was renamed Banca Popolare Italiana, reflecting the group’s increasingly national profile. In September 2006, Reti Bancarie and Bipielle Investimenti were absorbed into BPL through share issuance, and the two sub-holdings were delisted. The expansion period coincided with the Bancopoli controversy. BPL was involved in the events surrounding Banca Antonveneta, including the sale in 2006 of Antonveneta shares held by the bank. The episode became one of the most prominent corporate and regulatory controversies in modern Italian banking and affected the reputation and strategic autonomy of the institution. A major structural turning point came in 2007, when Banca Popolare Italiana merged with Banco Popolare di Verona e Novara to form Banco Popolare S.C. Banca Popolare di Lodi survived within the new organization as a sub-holding company. The enlarged group then redistributed branches and activities among Banca Popolare di Novara, Banca Popolare di Verona–San Geminiano e San Prospero, Banca Popolare di Lodi and other divisions. This process gave the Lodi franchise greater emphasis in Lombardy, parts of Romagna and Sicily, while other regional businesses were assigned to sister brands. The group continued to adjust its portfolio. Cassa di Risparmio di Lucca was transferred to the parent company, while Banca Popolare di Crema, Banca Popolare di Cremona and Liberty remained connected with BPL for a period. Banca Popolare di Mantova was sold in 2008, and Banca Caripe was transferred on 1 January 2011. In 2008, the group relaunched the Cassa di Risparmio di Imola and Banco di Chiavari e della Riviera Ligure brands, preserving selected local identities within its wider network. In 2011, Banca Popolare di Lodi was legally absorbed into Banco Popolare. The institution ceased to operate as a separate company, but the name was retained as a division and brand. The surviving division included activities associated with Lodi and several former regional franchises. Over the following years, the Banco Popolare organization became part of Banco BPM. Consequently, Banca Popolare di Lodi is now primarily a historical and regional banking brand within a successor group, rather than an independent bank with its own separately listed shares.
- 2011
Legal absorption into Banco Popolare
[1]Banca Popolare di Lodi is absorbed into Banco Popolare but retained as a division and brand.
- 2008
Regional brands are relaunched
[1]The group relaunches the Cassa di Risparmio di Imola and Banco di Chiavari e della Riviera Ligure brands.
- 2007
Creation of Banco Popolare
[1]Banca Popolare Italiana merges with Banco Popolare di Verona e Novara, while Banca Popolare di Lodi remains in the structure as a sub-holding company.
- 2006
Sub-holdings are absorbed into BPL
[1]Reti Bancarie and Bipielle Investimenti are absorbed into BPL through a share issuance and are subsequently delisted.
- 2005
Reti Bancarie becomes Banca Popolare Italiana
[1]The group renames its sub-holding Reti Bancarie as Banca Popolare Italiana.
- 2004
Reti Bancarie partners with Aurora Assicurazioni
[1]Reti Bancarie enters a five-year partnership with Aurora Assicurazioni, associated with Unipol Group.
- 2003
Expansion into additional regional banks
[1]BPL acquires Banco di Chiavari e della Riviera Ligure and becomes a major shareholder of Banca Caripe.
- 2000
Acquisition of Banca di Imola
[1]BPL adds Banca di Imola to its regional banking portfolio.
- 1999
Acquisition of Cassa di Risparmio di Lucca, Pisa e Livorno
[1]The group acquires the Tuscan savings bank, strengthening its presence outside Lombardy.
- 1998
Acquisition of Credito Molisano
[1]BPL expands its Italian banking network through the acquisition of Credito Molisano.
Products and positioning
A locally rooted Italian cooperative-bank brand that expanded into regional banking through acquisitions and later operated as a division within larger cooperative banking groups.
Banking services
Retail banking
The brand represents traditional branch-based banking for individuals and local communities, including deposit-taking, accounts, payments and other everyday financial services. Public reference material identifies BPL as a regional cooperative bank but does not provide a complete current product catalogue.
Commercial banking
Regional business banking
Through its historical network of subsidiaries and regional franchises, BPL served small and medium-sized enterprises and local commercial economies. Its expansion included banking businesses in Lombardy, Tuscany, Emilia-Romagna, Liguria, Molise and other Italian regions.
Financial services
Insurance and investment-related services
The Bipielle structure included investment, credit-management and international financial-service businesses and maintained a partnership with Aurora Assicurazioni. The available reference does not establish a current standalone product range under the BPL name.
Controversies
2005
Bancopoli banking controversy
Banca Popolare di Lodi was involved in the Bancopoli affair, a major Italian banking controversy surrounding the attempted acquisition of Banca Antonveneta and related share transactions. The bank sold its holding in Banca Antonveneta in 2006. The episode contributed to scrutiny of Italian bank governance, ownership structures and takeover practices.
Brand decisions
2011
Absorb Banca Popolare di Lodi into Banco PopolareM&ABackground
The group moved from a multi-company structure toward a more integrated organization.
Action taken
The BPL legal entity was absorbed into Banco Popolare.
Aftermath
Banca Popolare di Lodi continued as a division and brand, with associated regional activities retained within the parent bank.
2007
Merge Banca Popolare Italiana with Banco Popolare di Verona e NovaraM&ABackground
Italian cooperative banks were consolidating to achieve greater scale and reorganize overlapping regional networks.
Action taken
Banca Popolare Italiana merged with Banco Popolare di Verona e Novara to form Banco Popolare S.C.; Banca Popolare di Lodi was retained as a sub-holding company.
Aftermath
Branches and regional responsibilities were redistributed among sister banks, while the Lodi name continued within the enlarged group.
2006
Absorb Reti Bancarie and Bipielle InvestimentiM&ABackground
BPL reorganized its expanding group structure and consolidated its sub-holdings.
Action taken
Reti Bancarie and Bipielle Investimenti were absorbed into BPL through the issuance of new BPL shares, and the two entities were delisted.
Aftermath
The consolidation placed the regional banking and investment businesses more directly within BPL before the subsequent Banco Popolare merger.
2005
Rename Reti Bancarie as Banca Popolare ItalianaStrategyBackground
The group had expanded beyond its original Lodi base through acquisitions and holdings in multiple regional banks.
Action taken
Reti Bancarie was renamed Banca Popolare Italiana, signaling a broader national positioning.
Aftermath
The renamed entity subsequently participated in the 2007 merger that created Banco Popolare.
Sources1 sources
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