Banca Teatina

[4] Cariplo also owned 20% shares of Abruzzo savings banks Caripe and Tercas.

Intesa Sanpaolo, as the successor of Cariplo, still owned a minority interests in the bank until 2014 bankruptcy.

In 2015 one of the two Italian deposit guarantee fund Fondo Interbancario di Tutela dei Depositi (which most of the banks except BCC banking group belongs to) had planned to bail-out CariChieti and 3 other banks that were also under A.S.,[6] but they were bail-out by Italian National Resolution Fund [it] instead, for a recapitalisation of €2 billion (€141 million for CariChieti).

The European Commission ruled that the bail out of Banca Tercas by FITD in 2014 was a state aid, while new Bank Recovery and Resolution Directive of EU required to bail-in some investors of the bank before any state intervention.

[8] 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 Bank Recovery and Resolution Directive was passed.

[19] On 10 May, the transaction was completed, which Nuova CariChieti was renamed to Banca Teatina[18] (effective in September).

The bank, previously a subsidiary of Fondazione Chieti – Abruzzo e Molise, was spun off from its former largest shareholder.