Native name | Banca Tercas | ||||
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| Formerly |
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| Company type | Division (former subsidiary) | ||||
| Industry | Financial services | ||||
| Predecessor |
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| Founded |
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| Defunct | 2016 (as company) | ||||
| Fate | merged into parent company as a division | ||||
| Successor |
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| Headquarters | 36 Corso San Giorgio, Teramo , Italy | ||||
Area served |
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| (2014) | |||||
| Total assets | €2,869 million (2014) | ||||
| Total equity | €154 million (2014) | ||||
| Owner | Banca Popolare di Bari | ||||
| Parent | Banca Popolare di Bari (100%) | ||||
| Subsidiaries | Banca Caripe (99.979%) | ||||
| Capital ratio | 7.025% (Tier 1) | ||||
| Website | www | ||||
| Footnotes / references Data in separate balance sheet[1] | |||||
Banca Tercas, formerly known as Cassa di Risparmio della Provincia di Teramo was an Italian savings bank based in Teramo, Abruzzo. On 1 January 2011 the bank purchased fellow savings bank Banca Caripe from Banco Popolare. The enlarged banking group was also referred as Tercas Caripe. However, Tercas was acquired by Banca Popolare di Bari (BP Bari) in 2014, which in turn Tercas and Caripe became part of the BP Bari Group as divisions. A spin off organization of the bank, Fondazione Cassa di Risparmio della Provincia di Teramo or Fondazione Tercas, still operates as a charity organization and independent from Banca Popolare di Bari.