Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010.
History
Fede di Credito of the Banco di Sicilia, issued 30 August 1923
It was founded as Banco Regio dei Reali Domini al di là del Faro in 1849 and was renamed in 1860. From 1867 to 1926 the Banco di Sicilia was granted permission to issue legal tender currency (along with Bank of Italy and Banco di Napoli).
As a public institution it was among the largest banks in Italy, with foreign branches and subsidiaries in the United States (Trust Company Bank of Sicily), Libya (Sahara Bank), United Kingdom, Germany, Denmark, France and UAE.
In 1997 it acquired Sicilcassa, at the same time the capital increase of Banco di Sicilia was subscribed by Mediocredito Centrale.
In 2002 Banco di Roma merged with Bipop Carire to form Capitalia. In 2007 Capitalia was acquired by UniCredit, which Banco di Sicilia became its subsidiary instead.
In 2008, 20 branches of the bank were sold to Banca Carige.[2]
In 2010, UniCredit Banca, Banco di Sicilia and Banca di Roma were absorbed into the parent company UniCredit.
As at 31 December 2009, Banco di Sicilia had a total assets of €14,921,651,349 and a shareholders' equity of €422,168,345.[3]
