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Banco Popolare Siciliano
Company type	Brand and internal division
Number of locations	Over 120 (2016)
Owner	Banco Popolare (100%)
Website	www.bpsiciliano.it

Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily.

History

Predecessors

Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Popolare di Lodi (BPL) had 118 branches on the island, accounted for 7.3% of the total number of branches on the island. It was the second-largest banking network on the island, behind Banco di Sicilia which had a 34% market share. The sum of second to sixth largest banks on the island, was still smaller than Banco di Sicilia.^[2]

In 2006, a year before the formation of Banco Popolare, Banco Popolare di Verona e Novara had 17 branches on the island, as well as more than 100 branches of Banca Popolare Italiana (ex-BPL). In 2007, the merger of BPVN and BPI made Banco Popolare had 143 branches on the island, which was increased to 145 in the next year. In the same year Banca Popolare di Novara transferred all its 18 branches to Banca Popolare di Lodi, which the subsidiary was specialized in Lombardy (part), Romagna and Sicily. In 2010, the branches were reduced to 127.^{[citation needed]}

The creation of Banco Popolare Siciliano

In 2011, BPV, BPL and BPN were ceased to be a company but a division of Banco Popolare. In 2012, the department Banco Popolare Siciliano was created and managed by the bank division of BPN.^[3]

References

^ "profilo" [profile] (in Italian). Banco Popolare. Retrieved 20 April 2016.
^ "Analyst Presentation: Acquisition of Mediocredito Centrale Group" (PDF). Banca di Roma. December 1999. Archived from the original (PDF) on 22 August 2003.
^ "2012 Relazione Finanziaria Annuale" (PDF) (in Italian). Banco Popolare. 10 April 2013. Retrieved 22 April 2016.