Banca di Sassari

Management

Paolo Gianni Porcu ( General ) Ivano Spallanzani ( Chairman )

Banca di Sassari SpA is an Italian universal bank whose field of activity is mainly in the region of Sardinia. Based in Sassari company has a total of 58 branches, of which 56 are located in Sardinia, and employs more than 560 employees. Banca di Sassari is since 1993 a subsidiary of Banco di Sardegna and so since 2000 the Banca Popolare part of Emilia Romagna.

History

The banking institution was founded in 1888 by 58 entrepreneurs from Sassari as Banca Cooperativa fra Società Anonima Novecento. The purpose of the cooperative banking was to provide its members with loans available and to finance them about the savings business.

In 1925, the Institute joined the Italian People's Banks Association and changed its name to Banca Popolare di Sassari Anonima Cooperativa. In 1938 the first stores were opened, first in the province of Sassari and from 1947, with the opening of a branch in Cagliari, in other parts of the island. In 1948, the Bank Name to Banca Popolare di Sassari.

After the banking institution had grown up in the postwar years to a over the province of Sassari from established bank, it experienced in the 1980s with a strong increase in business volume and the expansion of the branch network to 34 locations a strong burst of growth. However, the expansion turned out to be too ambitious and brought the bank during the economic crisis of the early 1990s in financial difficulties. The banking institution was then administered approximately 18 months as acting from October 1991.

Following this phase, the business activities under the newly established as a limited company in June 1993, Banca di Sassari SpA were continue to operate under the umbrella of the Banco di Sardegna. Under the leadership of a new management, the Banca di Sassari was brought back to a stable and profitable basis.