Banca Apulia


Banca Apulia S.p.A. marketed as BancApulia is an Italian bank incorporated in San Severo, in the Province of Foggia, Apulia region. The main office of the bank was located in Bari, in the centre of Apulia region instead. The bank was takeover by Intesa Sanpaolo, after the previous owner was under administration and then being liquidated.

History

Banca Apulia S.p.A. was found 1924 as Banco di Torremaggiore. The bank later became Banco di Torremaggiore e San Severo and then Banca della Capitanata. In 1996 the bank was renamed as Banca Apulia after absorbing Banca Agricola Salentina.
In 2005 the bank had a market share of lending in Apulia for 5.47%, primary direct deposits for 4.42% and 2.32% in terms of branches, according to Banca d'Italia.
In 2008 the bank was controlled by Finanziaria Capitanata.
On 13 January 2010 Veneto Banca acquired 42.394% stake in the bank from Finanziaria Capitanata and other shareholders. In mid-2010 Banca Meridiana, a subsidiary of Veneto Banca, was absorbed by Banca Apulia. As at 31 December 2010 Veneto Banca owned 50.787% stake. After the deals, Finanziaria Capitanata remain as a minority owner for 25.85% stake.
In 2012 Veneto Banca and BancApulia purchased the minority stake of Apulia Prontoprestito, a subsidiary of BancApulia, from HDI Assicurazioni and other shareholders from Borsa Italiana. After the deal Vento Banca owned 13.079% and BancApulia owned 86.921%. The subsidiary was specialising in salary-backed loans.
On 26 June 2017, as part of a government funded bail-out of depositors and bail-in of the investors of Veneto Banca, Intesa Sanpaolo, the second largest bank of Italy by total assets, acquired some good assets of Veneto Banca as well as BancApulia.
In January 2019, Intesa Sanpaolo deposited a plan of merger by incorporation of Banca Apulia into the company.