Both Tyrrhenian and Etruria were alternative names for the area that is located in Central Western Italy.

In 2006 the bank acquired a majority interest in Banca Federico Del Vecchio, reaching 100% in 2008.

[14] Eventually, they were bailed out by the ItalianItalian National Resolution Fund [it] on 22 November instead, for about €2 billion recapitalization.

[17] On 3 May 2016, Decree-Law N°59/2016 was announced, which the retail investors of the bond of the 4 banks would be refunded (up to €100,000, same as deposit insurance) if they purchased the bond on or before 12 June 2014, the date of the Bank Recovery and Resolution Directive was passed in the European Parliament.

[23] On 18 December 2015, Nuova Banca Etruria sold 54.212% stake in Banca Popolare Lecchese to a private equity fund managed by Oaktree Capital Management, via BPL Holdco.

[25] At 31 December 2015, the audited CET1 ratio of Nuova Banca dell'Etruria e del Lazio was 11.1% on a consolidated basis.

UBI Banca also requested conditions that the balance sheets of the three banks would be cleaned up before the completion of the deal (which was done by selling NPLs to Atlante II and Credito Fondiario) as well as recapitalization of the 3 banks for an estimated €450 million (eventually €713 million), by the National Resolution Fund.