The bank was merged into Banca Lombarda in 1999 (the predecessor of UBI Banca), while the former owner of the bank, Fondazione Cassa di Risparmio di Tortona, still operates as a charity organization.
Cassa di Risparmio di Torino (Banca CRT) acquired minority ownership on CR Tortona in 1990s, for 25%.
[3] In 1999, the majority owner of CR Tortona SpA, Foundation CR Tortona, sold 60% shares of the bank to Banca Lombarda e Piemontese,[4] which was completely disposed in 2006.
In 2006, Banca Regionale Europea acquired remain 24.8% shares of CR Tortona SpA from Foundation CR Tortona (0.1%) and Fondazione Cassa di Risparmio di Alessandria (24.7% for €38.5 million[6]), which the bank was then absorbed.
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