The bank was found on 25 January 1842 in Asti, in the Kingdom of Sardinia.

[4] In 1996 the banking foundation sold part of the shares to private citizens.

In 1999 a further 20% was sold to the Deutsche Bank (via its subsidiary Deutsche Bank S.p.A.),[5] which was acquired by Banca Popolare di Milano (via subsidiary Banca di Legnano) in 2004, for €93 million.

[6] The banking foundation retained 51.05% shares prior 2008 capital increase.

[7] Prior to 2013 capital increases, the banking foundation held 50.45% shares,[8] which was decreased to 50.42% on 28 March 2013.