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Private company

Cassa di Risparmio di Biella e Vercelli

Logo: Banca di Asti, Public domain, via Wikimedia Commons4

Italian bank

Cassa di Risparmio di Biella e Vercelli S.p.A. known as BiverBanca, is an Italian saving bank based in Biella, Piedmont. It was acquired by fellow Piedmontese bank Cassa di Risparmio di Asti from Banca Monte dei Paschi di Siena in 2012.2 It ceased to exist in 2021.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1856Founded1
  • Industryfinancial services1
  • HeadquartersBiella1
  • Websitewww.biverbanca.it
  • Legal formjoint-stock company1
  • LEI8156008060E1E4EFE3163
  • StatusInactive3
  • LEI statusRetired3
  • Registered addressVIA CARSO, 15, 13900 Biella, Italy3
  • Registered withInfocamere, 018071300243

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Cassa di Risparmio di Biella e Vercelli S.p.A. known as BiverBanca, is an Italian saving bank based in Biella, Piedmont. It was acquired by fellow Piedmontese bank Cassa di Risparmio di Asti from Banca Monte dei Paschi di Siena in 2012. BiverBanca had almost all the branches in Piedmont and Aosta Valley, especially in the area around Biella and Vercelli: 46 branches in the Province of Biella (11 alone in Biella) and 46 branches in the Province of Vercelli (8 alone in Vercelli), 10 in Turin and 6 in the Province Novara; 3 in the Province of Alessandria; 5 branches in Aosta Valley; 1 branch in the Province of Verbano-Cusio-Ossola, and lastly 1 branch in Milan, the financial hub of Italy.2

Corporate structure

Cassa di Risparmio di Biella e Vercelli is part of a group headed by Cassa di Risparmio di Asti. 5 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

  • Cassa di Risparmio di Asti Asti, Italy
    • Cassa di Risparmio di Biella e Vercelli Biella, Italy
    • Pitagora S.p.A. Subsidiary · Conegliano, Italy
    • PITAGORA FINANZIAMENTI CONTRO CESSIONE DEL QUINTO S.P.A. IN FORMA ABBREVIATA PITAGORA S.P.A. Subsidiary · Torino, Italy
    • WE FINANCE S.P.A. Subsidiary · Torino, Italy

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0). Each entity in the chart links to its source.

The story

1994 Cassa di Risparmio di Biella merged with Cassa di Risparmio di Vercelli to form Cassa di Risparmio di Biella e Vercelli (BiverBanca) C.R. Vercelli Foundation held 26.2% stake and C.R. Biella Foundation held 73.8% stake

1997 Banca Commerciale Italiana acquired 55% shares from the banking foundations

1999 Became part of Banca Intesa Group

2007 Acquired by Banca Monte dei Paschi di Siena (BMPS) from Intesa Sanpaolo (55%) for about €399 million; C.R. Biella Foundation retained 33.22% and C.R. Vercelli Foundation 11.78%

2008 Re-capitalization, BMPS held 59%, C.R. Biella Foundation held 35% and C.R. Vercelli Foundation held 6%

2010 Acquired branches from sister bank Banca Antonveneta; new ownership ratio changed to BMPS (60.42%), C.R. Biella Foundation 33.44% and C.R. Vercelli Foundation 6.14%.

2012 Acquired by Cassa di Risparmio di Asti from BMPS for about €205.5 million (for 60.42% stake)

From Wikipedia’s article on Cassa di Risparmio di Biella e Vercelli, shared under CC BY-SA 4.0.5

Subsidiaries and ownership

Parent company

Owners

From Wikidata.1

Timeline

  1. Nov 7, 2021Dissolved Dissolved1
  2. 1856Founded Founded1

Sources

The numbers on this page point here. Each one links to the record it came from.

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