UBI Banca shares were listed on the Borsa Italiana and included in the FTSE MIB (the blue chip index) until it was taken over by its larger Italian rival Intesa Sanpaolo in September 2020.

[citation needed] Carifano was sold back to the minority shareholders of Banca Popolare di Ancona in 2005.

[6] In 2006 the board of directors of Banche Popolari Unite agreed another merger with another Italian banking group Banca Lombarda.

[citation needed] On 20 January 2015 the Council of Ministers issued a decree-law which requires Popular Banks (Italian: Banca Popolari) with assets of greater than €8 billion to demutualize into a società per azioni.

[citation needed] On 17 February 2020, Carlo Messina, CEO of Intesa Sanpaolo, unexpectedly announced the launch of a voluntary public exchange offer for 4.9 billion euro towards UBI Banca.

Furthermore, on 27 April 2020, Intesa Sanpaolo, which with the success of the transaction gains access to three million UBI customers, submitted to the extraordinary shareholders' meeting the proposal for a capital increase in support of the voluntary public exchange offer, with a favorable vote of the same.

(pursuant to articles 2409g and following of the Italian Civil Code) Article 120 of the consolidated finance law states that persons holding more than 3% of the share capital in a share issuer which has Italy as its member state of origin must notify this to the company and to the Consob (Italian securities market authority).