Cassa di Risparmio di Ascoli Piceno

Cassa di Risparmio di Ascoli Piceno known as Carisap, is a former Italian regional bank based in Ascoli Piceno, Marche. A subsidiary of Intesa Sanpaolo, the bank merged with another subsidiary of the group, Banca dell'Adriatico in 2013.

The former owner of the bank, Fondazione Cassa di Risparmio di Ascoli Piceno (Fondazione Carisap), still operated as a charity organization. The foundation still held 0.3537% shares of Intesa Sanpaolo, as of 31 December 2013.

History

Cassa di Risparmio di Ascoli Piceno was found in Ascoli Piceno, Papal States in 1842, the bank became Società per azioni in 1992 due to Legge Amato. In 1990s Cariplo acquired 25% shares of Carisap from Fondazione Carisap. Carisap followed the parent company Cariplo to merged with Banco Ambrosiano Veneto to form Banca Intesa in 1998, which in the same year the group reached 66% ownership on the bank. In 2001, Ascoli became part of an intermediate holding company Holding IntesaBCI Centro, which already consist of 5 others saving banks (Italian: Cassa di Risparmio) who joined in 1999. In 2003, one more saving bank joined the mini-group. In 2007 Carisap followed the ultimate parent company Banca Intesa to become part of Intesa Sanpaolo Group.