Banca Nuova

Banca Nuova
Native name	Banca Nuova S.p.A.
Company type	Subsidiary
Industry	Financial services
Predecessor	[old] Banca Nuova (branches and name only); Banca del Popolo – Banca Popolare (the legal person and branches);
Founded
1883 in Trapani	(Banca del Popolo)
2000 in Treviso	(Banca Nuova)
2002 in Palermo	(merger)
2010–11	(re-incorporation)
Founder
Giuseppe D'Alì	(co-founder in 1883)
Banca Popolare di Vicenza	(2002 merger)
Defunct	April 2018
Fate	absorbed by Intesa Sanpaolo
Successor	branches of Intesa Sanpaolo
Headquarters	Palermo, Italy
Number of locations
81 branches	(Dec.2016)
81 branches	(Jun.2017)
Area served	Sicily region; Calabria region; Rieti, Lazio (former);
Key people	Gabriele Piccini (CEO)
Net income
negative €47 million	(2016FY)
negative €14 million	(20171H)
Total assets
€4.148 billion	(Dec.2016)
€3.943 billion	(Jun.2017)
Total equity
€0160 million	(Dec.2016)
€0196 million	(Jun.2017)
Owner	Banca Popolare di Vicenza (until 26 June 2017); Intesa Sanpaolo (since 26 June 2017);
Number of employees
696	(Dec.2016)
670	(Jun.2017)
Capital ratio
6.97%	(CET1, Dec.2016)
5.38%	(CET1, Jun.2017)
Website	www.bancanuova.it
	Footnotes / references; source: 2016 Annual Report and 2017 Half-yearly report

Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island (the region) mostly, with branches in the Calabria region; It was a subsidiary of Banca Popolare di Vicenza (BPVi), in turn owned by Atlante, a banking sector owned bail-out fund from 2016 to mid-2017. In June 2017 the bank was acquired by Intesa Sanpaolo by another government-funded bail-out, and a plan to absorb the bank was announced in October 2017.