(ANSA) – TRENTO, FEBRUARY 17 – The merger between the Cassa di Trento and that of Alta Vallagarina and Lizzana will take place. the new Cassa will be legally established on April 1st, while the merger of the two institutions is scheduled for April 11th.
The extraordinary shareholders’ meetings that, due to the pandemic, were expressed through the figures of the designated representative (the notary Nicoletta Anderloni in Trento, the notary Rita Fochesato at the registered office in Volano) approved the project by a large majority. Globally 6,763 shareholders expressed their vote (to be precise 5,670 for Cassa di Trento and 1,093 for Cassa Alta Vallagarina and Lizzana) with a favorable share of 89.66% for Trento and 78.50% for Alta Vallagarina and Lizzana . The new institute will be called Cassa di Trento, Lavis, Mezzocorona, Valle di Cembra and Alta Vallagarina, in abbreviated form “Cassa di Trento”. “We do it now because we have to be ahead of the times, but – assures the president of Cassa di Trento Giorgio Fracalossi – if the organizational models evolve, the reference values remain the same”.
The new bank will have over 6.6 billion in assets under administration, 376 collaborators, 48 branches, 110,000 customers and over 29,000 shareholders. It will be the second largest in the national group of Cassa Centrale Banca “. By combining the two banks, there is a total collection of over 4.70 billion and 1.9 billion in loans, in an area characterized by almost 200,000 residents and 16,000 businesses.” The bank will be particularly solid having assets of 288 million and a Total capital ratio of 21.7% (the minimum threshold set by the ECB is 10.50%) “, explains Michele Goller (Cassa Rurale Alta Vallagarina and Lizzana) .
Starting from the date of the merger and for a transitional period, the Board of Directors will consist of 13 directors, including the chairman, of which 3 will be reserved for the territory of the current Cassa Rurale Alta Vallagarina and Lizzana. A similar process for the board of statutory auditors which will be extended to 5 members, 2 of which are the Cassa Rurale Alta Vallagarina and Lizzana. (HANDLE).
Source: Ansa
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