Banca Tercas

Banca Tercas
Native name
Banca Tercas
Formerly
  • Cassa di Risparmio della Provincia di Teramo
  • Tercas S.p.A.
Company typeDivision (former subsidiary)
IndustryFinancial services
Predecessor
  • Casse di Risparmio di Atri
  • Casse di Risparmio di Nereto
Founded
  • 12 October 1939 (1939-10-12)
  • 24 June 1992 (1992-06-24) (spin off)
Defunct2016 (as company)
Fatemerged into parent company as a division
Successor
Fondazione Tercas(charity function only, since 1992)
Division of Banca Popolare di Bari(banking activities)
Headquarters36 Corso San Giorgio,
Teramo
,
Italy
Area served
  • Abruzzo
  • Molise (Campomarino & Termoli)
  • Marche
  • Emilia (Bologna & Modena)
  • Romagna (Forlì & Cesena)
  • Lazio (Rome & Tivoli)
 (2014)
Total assets€2,869 million (2014)
Total equity0154 million (2014)
OwnerBanca Popolare di Bari
ParentBanca Popolare di Bari (100%)
SubsidiariesBanca Caripe (99.979%)
Capital ratio7.025% (Tier 1)
Websitewww.tercas.it
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.

  1. ^ Cite error: The named reference Tercas2014bilancio was invoked but never defined (see the help page).