Banca Popolare di Verona
Encyclopedia
The "Banca Popolare di Verona" is an Italian bank
, part of the "Banco Popolare
" Group, based in Verona
, North Italy
.
The original name of "Banca Popolare di Verona" was "Banca Mutua Popolare di Verona", founded on 21 June 1867.
It was the seventh Italian "popular" bank to be founded. (The meaning of "popular" is that every shareholder who has more than 150 shares can vote during the shareholders' meeting.)
It was the first Italian bank that acquired another Italian bank (Banco S.Geminiano e S.Prospero di Modena) by a public takeover
in 1993 and the name of the bank changed to "Banca Popolare di Verona - Banco S. Geminiano e S. Prospero".
In 1997 the bank acquired "Credito Bergamasco"; on 1 June 2002 it merged with "Banca Popolare di Novara" and "Banco Popolare di Verona e Novara" was born.
In 2007 "Banco Popolare di Verona e Novara" merged with "Banca Popolare Italiana" and "Banco Popolare" was born.
Today it is quoted on the Milan
S&P/MIB
Stock Exchange
.
Bank
A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...
, part of the "Banco Popolare
Banco Popolare
Banco Popolare is an Italian cooperative bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara and Banca Popolare Italiana . In June 2009 the company became the first Italian bank to receive state aid from the Government of Italy due to the ongoing financial crisis. It sold...
" Group, based in Verona
Verona
Verona ; German Bern, Dietrichsbern or Welschbern) is a city in the Veneto, northern Italy, with approx. 265,000 inhabitants and one of the seven chef-lieus of the region. It is the second largest city municipality in the region and the third of North-Eastern Italy. The metropolitan area of Verona...
, North Italy
Italy
Italy , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
.
The original name of "Banca Popolare di Verona" was "Banca Mutua Popolare di Verona", founded on 21 June 1867.
It was the seventh Italian "popular" bank to be founded. (The meaning of "popular" is that every shareholder who has more than 150 shares can vote during the shareholders' meeting.)
It was the first Italian bank that acquired another Italian bank (Banco S.Geminiano e S.Prospero di Modena) by a public takeover
Takeover
In business, a takeover is the purchase of one company by another . In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.- Friendly takeovers :Before a bidder makes an offer for another...
in 1993 and the name of the bank changed to "Banca Popolare di Verona - Banco S. Geminiano e S. Prospero".
In 1997 the bank acquired "Credito Bergamasco"; on 1 June 2002 it merged with "Banca Popolare di Novara" and "Banco Popolare di Verona e Novara" was born.
In 2007 "Banco Popolare di Verona e Novara" merged with "Banca Popolare Italiana" and "Banco Popolare" was born.
Today it is quoted on the Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
S&P/MIB
S&P/MIB
The FTSE MIB is the benchmark stock market index for the Borsa Italiana, the Italian national stock exchange, which superseded the MIB-30 in September 2004. The index consists of the 40 most-traded stock classes on the exchange...
Stock Exchange
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
.