total assets of €993,905,094, shareholders equity of €87,937,513 and a Tier 1 capital ratio (Basel II basis) of 19.59%. It was owned by Banca CR Firenze (60.13%), the foundation (27.47%) and other investors (12.40%). After the merger the foundation purchased 8–10, via Felice Cavallotti, Spoleto from Casse di Risparmio dell'Umbria. The bank and foundation previously occupied 6, 8, 10 via Felice Cavallotti as headquarter. Casse di Risparmio dell'Umbria The bank was a product of the merger of the saving banks of Città di Castello, Foligno, Spoleto and Terni–Narni. More specially the three banks were absorbed by Spoleto. However, the headquarter of the bank was relocated to Terni, in the former headquarter of Terni–Narni Saving Bank. (from Spoleto in the Province of Perugia to Terni in the Province of Terni) In November 2015 Intesa Sanpaolo became direct parent company of the bank, eliminating Banca CR Firenze as the intermediate. On 17 June 2016 Intesa Sanpaolo announced the plan to absorb the subsidiary. 1 ordinary share of Casse di Risparmio dell'Umbria was exchanged with 0.9623 shares of Intesa Sanpaolo, as well as 1 preferred share to 1.0842 Intesa Sanpaolo shares. 210,803 ordinary new shares of Intesa Sanpaolo were issued. See also Banca dell'Umbria, a defunct subsidiary of UniCredit Banca Popolare di Spoleto, an Italian bank based in Spoleto, Umbria References External links Banks established in 2012 2012 establishments in Italy Banks disestablished in 2016 2016 disestablishments in Italy Defunct banks of Italy Companies based in Umbria Terni Former Intesa Sanpaolo subsidiaries