The banking foundations also had a put option to sell an additional 8% shares to Sanpaolo IMI.

Intesa Sanpaolo did not take part in the capital increase of Banca delle Marche in 2012, making the stake diluted.

On 24 October 2011, the board of directors proposed a capital increase of a minimum of €180,677,922.70 to a maximum of €212,562,262.00.

[14] According to a ranking by Ricerche e Studi, a subsidiary of Mediobanca, Banca delle Marche was the 19th largest bank in Italy by total assets as at 31 December 2012.

[16][17] On 4 August 2014 Credito Fondiario credited Banca delle Marche for €1.8 billion,[18] which Credito Fondiario also planned to subscribe the new shares of Banca Marche, partnering with Italian deposit insurance fund the Fondo Interbancario di Tutela dei Depositi (FITD).

[19] However, the plan was scrapped due to European Commission's investigation on state aid.

[24] Eventually they were bail-out by [Italian] National Resolution Fund (Italian: Fondo Nazionale di Risoluzione) on 22 November instead, for about €3.7 billion in total (€840 million for purchasing new shares of Banca Marche and an additional €1.206 billion to cover the previous loss of Banca Marche).

[31] Fondazione CR Jesi suffered the most, which decreased from €76,388,622 to €10,989,510 year-to-year,[32] all majority due to the write-down of the stake of old Banca delle Marche.

[40] Focus Gestioni SGR, the asset management subsidiary of the bank, was also entered voluntary liquidation.

The banking group 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 recapitalized for another €713 million (was estimated €450 million), by the National Resolution Fund.

[55] The bank also formed a joint venture company in bancassurance with CGU plc (via subsidiary now known as Aviva Italia Holding) in 1999.