The bank served the island (the region) mostly, with branches in the Calabria region; It was a subsidiary of Banca Popolare di Vicenza (BPVi), in turn owned by Atlante, a banking sector owned bail-out fund from 2016 to mid-2017.

[14] In 1996, it was exposed that one of the shareholders of the bank (8% of the share capital), Vincenzo Piazza, was linked to mafia.

[22] The other shareholders at that time were parent company BPVi (6.34%) and fellow Sicilian bank Banca Popolare Sant'Angelo (5%).

[24] After the deal, PrestiNuova became a sister company of Banca Nuova, instead of a subsidiary, which BPVi owned 95% and reaching 100% of the shares in 2013.

[25] Banca Nuova and its parent company BPVi suffered from capital shortfall in 2016 (for example, Banca Nuova's CET1 capital ratio was 6.74% at 31 December 2015,[26] barely above the requirement; same condition in the parent company (Group's CET1 ratio was 6.65%[27])).

As part of the scandal of the parent company BPVi in 2016–17, the bank was suffered from lawsuit regarding mis-selling of the shares of BPVi to the depositors of the bank, during which the parent company was a cooperative (Italian: società cooperativa per azioni).

An Italian government funded bail-out of the depositors (and bail-in of the investor of BPVi) saw Intesa Sanpaolo, the second largest banking group of Italy by total assets, acquire most of the good assets and liabilities of BPVi, as well as Banca Nuova.

[29] However, it was also announced on 26 October,[30] that the bank would be absorbed by Intesa Sanpaolo as branches, losing its brand and the separate incorporated status.