Cassa Padana (formally Cassa Padana Banca di Credito Cooperativo S.C.) is an Italian cooperative bank headquartered in Leno, Lombardy. It was founded in 1893 as a rural savings bank (Cassa Rurale) in Leno, serving local communities based on principles of solidarity, mutuality, and participation.
History
The bank traces its origins to the late 19th century. In the 1970s, the Cassa Rurale ed Artigiana della Bassa Bresciana was formed through the merger of three older rural banks: Cassa Rurale e Artigiana di Leno (founded 1893), Cassa Rurale e Artigiana di Gambara (founded 1891), and Cassa Rurale e Artigiana di Seniga e Pescarolo (founded 1897). In 1993, after absorbing Cassa Rurale e Artigiana di Gussola, the bank changed its name to Cassa Padana. It subsequently absorbed BCC Camuna (2010), Banca Veneta 1896 (2011), and BCC Valtrompia (2011).
Operations
Cassa Padana operates primarily in northern Italy, with branches across nine provinces: Brescia, Bergamo, Cremona, and Mantua in Lombardy; Rovigo and Verona in Veneto; and Ferrara, Parma, and Reggio Emilia in Emilia-Romagna. As of 2014, it had 65 branches, approximately 487 employees, and total assets of about €2.525 billion. It is a member of the Cassa Centrale Banca banking group.
Structure
The bank is organized as a Società Cooperativa (cooperative society), owned by its member-shareholders. It provides retail banking services to individuals, families, and local businesses.
