Banca Popolare Sant'Angelo


Banca Popolare Sant'Angelo S.C.p.A. is an Italian cooperative bank based in Licata and Palermo, the capital of Sicily. The bank also has one branch in Lampedusa, the south most island of Italy.
The chairman of the board of directors of the bank was Nicolò Curella, who died in 2015.

History

Banca Popolare Sant'Angelo was found in 1920 as Unione Economica Popolare. The bank absorbed Banca Popolare di Mussomeli in 1984, Banca Popolare di Palermo in 1989 and Nuova Banca del Monte Sant'Agata in 1994. Moreover, BP Sant'Angelo increased its stake in the finance leasing company Leasingroup Sicilia.
According to the Bank of Italy, in 1999 BP St.Angelo Group was ranked the 6th largest bank on Sicily in terms of branches, behind Banco di Sicilia, Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana and Banca Monte dei Paschi di Siena. In 1997, the bank was ranked 9th in terms of deposits market in the whole region, which ranked 4th in the Province of Agrigento and in the Province of Caltanissetta, behind Banco di Sicilia, BMPS, BCC G.Toniolo di San Cataldo and Sanpaolo.
In 2000 the bank signed a bancassurance partnership with Cattolica Assicurazioni. The insurer also owned an equity interests in BP St.Angelo. The current partner of the bank in bancassurance was Arca Vita, a subsidiary of Unipol. BP St.Angelo also sold an equity stake of Arca Assicurazioni to Arca Vita in 2010.
In 2001 Banca Popolare Sant'Angelo sold the significant interests in Banca Regionale Sant'Angelo to Credito Artigiano. Banca Regionale Sant'Angelo also controlled Leasingroup Sicilia. Banca Regionale Sant'Angelo and Leasingroup Sicilia became part of Credito Siciliano in 2002.
After many years of merger and acquisitions, BP St. Angelo and Banca Agricola Popolare di Ragusa were two of the few independent banks on the island. Sant'Angelo and Banca Agricola Ragusa did not have any overlap in the retail networks. The aforementioned competitors of the bank in 1999 became part of UniCredit, Intesa Sanpaolo, BMPS, Banco Popolare as well as other competitors: Credito Valtellinese, Banca Nazionale del Lavoro, Credito Emiliano, Banca Popolare di Vicenza and Banca Carige.

Sponsorship

The bank was a sponsor of Pallacanestro Trapani