Rolo Banca

Rolo Banca 1473 S.p.A. was an Italian banking brand and legal entity based in Bologna. Its modern corporate identity emerged from the consolidation of regional banking institutions associated with Credito Italiano and with the banking foundations of Emilia-Romagna. Although the Rolo Banca name was created in the 1990s, the institution presented itself as having a much older lineage through the Mount of Piety of Bologna, founded in 1473, and the Mount of Piety of Ravenna, founded in 1492. The immediate corporate predecessor of Rolo Banca was formed through a series of mergers. In 1991, Carimonte Banca was created through the combination of Banca Monte and Cassa di Risparmio di Modena, an institution dating from 1846. In 1996, Carimonte was merged with Credito Romagnolo, a Credito Italiano subsidiary founded in 1896. Following that transaction, Credito Romagnolo Holding was renamed Rolo Banca 1473 S.p.A., giving the new bank a name that combined a contemporary banking operation with a reference to Bologna's fifteenth-century charitable-financial institution. Rolo Banca was controlled through Credit Carimonte, an intermediate holding company owned in a 51–49 joint venture by Credito Italiano and Carimonte Holding. Carimonte Holding was itself linked to Fondazione Carimodena and Fondazione del Monte di Bologna e Ravenna. This ownership structure reflected the role of Italian savings-bank foundations and regional financial institutions in the consolidation of the country's banking sector during the 1990s. In 1998, following the combination that created UniCredito Italiano, later branded UniCredit, Rolo Banca became part of the expanding UniCredit group. During the same year it absorbed Banca Popolare del Molise, Carimonte Fondiario and Rolosim. The bank subsequently expanded through acquisitions, obtaining a majority interest in Banca dell'Umbria in 1999 and 73.81 percent of Cassa di Risparmio di Carpi in 2000. These transactions broadened its regional presence and added further local banking businesses to the group. At 31 December 2001, Rolo Banca reported consolidated shareholders' equity of €3.173 billion. The bank did not remain a separate operating brand for long after the creation of the larger UniCredit organization. On 30 June 2002, Rolo Banca, together with Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto, Cassa di Risparmio di Trieste and Credit Carimonte, was absorbed into UniCredit Banca. The absorption ended Rolo Banca's independent corporate existence and marked another stage in the centralization of the group's Italian banking operations. Rolo Banca is therefore best understood as a historical Italian banking brand rather than an active standalone bank. Its significance lies in the way it connected long-established local banks and savings institutions with the national consolidation strategy that produced UniCredit. Its products were those of a universal regional bank, including retail and commercial banking, lending, deposits and related financial services, but the supplied reference material does not provide a sufficiently detailed product catalogue or surviving current website.

Rolo Banca's historical identity combined a modern banking company with the legacy of older charitable and savings institutions in northern Italy. The institution's symbolic lineage reached back to the Mount of Piety of Bologna, established in 1473, and the Mount of Piety of Ravenna, established in 1492. These two institutions were combined in 1966 to form Banca del Monte di Bologna e Ravenna. Separately, Cassa di Risparmio di Modena had been founded in 1846, while Credito Romagnolo traced its origins to 1896. The immediate predecessor structure took shape during the banking consolidation of the early 1990s. In 1991, Banca Monte and Cassa di Risparmio di Modena were merged to create Carimonte Banca. Carimonte was subsequently merged with Credito Romagnolo on 1 January 1996. After the merger, Credito Romagnolo Holding was renamed Rolo Banca 1473 S.p.A. The name emphasized the institution's connection with Bologna and its claimed fifteenth-century financial heritage. Rolo Banca was held through Credit Carimonte, a joint venture in which Credito Italiano held 51 percent and Carimonte Holding held 49 percent. Carimonte Holding was linked to Fondazione Carimodena and Fondazione del Monte di Bologna e Ravenna. This arrangement brought together a major Italian banking group and locally rooted foundations that represented the historical savings-bank system. In 1998, Rolo Banca became part of UniCredito Italiano after the merger that created the larger group, later known as UniCredit. The bank also absorbed Banca Popolare del Molise, Carimonte Fondiario and Rolosim. Its expansion continued in 1999 through the acquisition of a majority interest in Banca dell'Umbria and in 2000 through the acquisition of 73.81 percent of Cassa di Risparmio di Carpi. The bank's consolidated shareholders' equity stood at €3.173 billion at 31 December 2001. Its separate existence ended on 30 June 2002, when Rolo Banca was absorbed into UniCredit Banca together with Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto, Cassa di Risparmio di Trieste and Credit Carimonte. The transaction completed the integration of the regional banking entities into UniCredit's Italian banking platform. Rolo Banca consequently survives as a historical brand and corporate predecessor rather than as an active independent bank.

• 2002

  Independent corporate existence ends

  [1]Rolo Bancaen.wikipedia.org

  Rolo Banca is absorbed into UniCredit Banca on 30 June.

• 2000

  Cassa di Risparmio di Carpi stake acquired

  [1]Rolo Bancaen.wikipedia.org

  Rolo Banca acquires 73.81 percent of Cassa di Risparmio di Carpi.

• 1999

  Banca dell'Umbria majority acquired

  [1]Rolo Bancaen.wikipedia.org

  Rolo Banca acquires a majority interest in Banca dell'Umbria.

• 1998

  Integration into UniCredito Italiano

  [1]Rolo Bancaen.wikipedia.org

  Rolo Banca becomes part of UniCredito Italiano and absorbs Banca Popolare del Molise, Carimonte Fondiario and Rolosim.

• 1996

  Rolo Banca 1473 is established

  [1]Rolo Bancaen.wikipedia.org

  Carimonte merges with Credito Romagnolo, and Credito Romagnolo Holding is renamed Rolo Banca 1473 S.p.A.

• 1991

  Carimonte Banca is created

  [1]Rolo Bancaen.wikipedia.org

  Banca Monte and Cassa di Risparmio di Modena are combined to form Carimonte Banca.

• 1966

  Banca del Monte di Bologna e Ravenna is formed

  [1]Rolo Bancaen.wikipedia.org

  The Mount of Piety of Bologna and the Mount of Piety of Ravenna are merged into Banca del Monte di Bologna e Ravenna.

• 1492

  Mount of Piety of Ravenna is founded

  [1]Rolo Bancaen.wikipedia.org

  The Mount of Piety of Ravenna is founded and later becomes part of the lineage associated with Banca del Monte di Bologna e Ravenna.

• 1473

  Mount of Piety of Bologna is founded

  [1]Rolo Bancaen.wikipedia.org

  The Mount of Piety of Bologna, later cited as part of Rolo Banca's historical lineage, is established.

A regional Italian universal bank built through the consolidation of historic Emilia-Romagna financial institutions and subsequently integrated into UniCredit.

• Banking

  Retail banking

  Rolo Banca operated as a regional Italian bank serving local households and communities. Its retail banking scope would have covered ordinary deposit-taking and account services, although the available reference material does not identify specific branded accounts, channels or product names.

• Banking

  Commercial banking

  The bank's regional structure and acquisitions included services for businesses and local institutions, including lending and relationship banking. No detailed product-level catalogue is provided in the available source material.

• Financial services · 1998

  Investment and fund-related services

  Through its broader corporate structure and the absorption of Carimonte Fondiario and Rolosim, Rolo Banca was connected with financial and investment-related activities in addition to conventional banking. Specific funds or investment products are not identified in the supplied sources.

• 2002

  Absorption into UniCredit BancaM&A

  Background

  UniCredit consolidated several regional banking entities into a unified Italian banking platform.

  Action taken

  Rolo Banca was absorbed into UniCredit Banca on 30 June 2002.

  Aftermath

  Rolo Banca ceased to exist as an independent bank and remained part of UniCredit's historical Italian banking lineage.

  Source

• 1998

  Integration into UniCredito ItalianoM&A

  Background

  The formation of UniCredito Italiano brought Rolo Banca into a larger national banking group.

  Action taken

  Rolo Banca joined the group and absorbed Banca Popolare del Molise, Carimonte Fondiario and Rolosim.

  Aftermath

  The bank continued operating within the expanding UniCredito structure until its final absorption into UniCredit Banca in 2002.

  Source

• 1996

  Creation of Rolo Banca through the Carimonte–Credito Romagnolo mergerM&A

  Background

  The Italian banking sector was consolidating regional institutions and aligning them with larger banking groups. Carimonte and Credito Romagnolo were combined on 1 January 1996.

  Action taken

  Credito Romagnolo Holding was renamed Rolo Banca 1473 S.p.A. after the merger.

  Aftermath

  The transaction created the corporate platform that later became part of UniCredito Italiano and expanded through further acquisitions.

  Source

1. 1Rolo Bancaen.wikipedia.org