Banca di Credito Popolare Absorbs Banca Regionale di Sviluppo

Banca Regionale di Sviluppo ScpA completed its legal incorporation into Banca di Credito Popolare ScpA on December 27, 2022, following a merger act signed on December 23, 2022. Extraordinary assemblies of both banking institutions approved the merger project on December 1 and December 4, 2022, according to corporate filings from Banca di Credito Popolare ScpA. The merger established a share exchange ratio of one Banca di Credito Popolare share for every 30 Banca Regionale di Sviluppo shares held by investors, and the incorporation took effect from January 1, 2023, after the merger act was registered at the Companies Register of Naples.

Share Exchange Ratio and Cash Adjustments for Fractional Holdings

Banca di Credito Popolare implemented cash adjustments under Article 2501-ter of the Italian Civil Code to handle non-divisible share quotas. The bank processed these cash settlements for shareholders without charging administrative fees, postal stamps, or commissions. The valuation methodologies used for the exchange ratio determined the exact monetary payout for fractional remainders, and the bank holds a share capital of EUR 20,038,700.04 alongside Banking Register No. 4708/40, ABI Code 5142.5, while adhering to the Interbank Deposit Protection Fund and the National Guarantee Fund.

Required Actions for Ex-BRS Shareholders With Cash Balances

Shareholders must meet specific cumulative conditions to claim their cash adjustments from the corporate reorganization. Affected individuals must have held fewer than 30 Banca Regionale di Sviluppo shares, or a number exceeding 30 that was not evenly divisible by 30, as of December 31, 2022. Account holders must also maintain a securities dossier at a former Banca Regionale di Sviluppo branch while no longer holding an active correspondence current account at those locations.

Eligible branches include locations in Naples at Via Pisanelli and Via Luca Giordano, Caserta, Nola Cis, Frattamaggiore, and Nocera. Claimants must visit one of these former branch offices or send a certified email to direzionegenerale@bcp.postecert.it alongside a valid identity document. Submissions via certified email must supply the correct International Bank Account Number to receive the credit transfer for the cash adjustment.