Banca Intesa S.p.A. was formed in 1998 from the merger of Cassa di Risparmio delle Provincie Lombarde (aka Cariplo) and Banco Ambroveneto (former Banco Ambrosiano

Banco Ambrosiano

Banco Ambrosiano was an Italian bank which collapsed in 1982. At the centre of the bank's failure was its chairman, Roberto Calvi and his membership in the illegal Masonic Lodge Propaganda Due...

). In 1999 Banca Commerciale Italiana

Banca Commerciale Italiana

Banca Commerciale Italiana, founded in 1894, was once one of the largest banks in Italy. In 1999 it merged with a banking group consisting of Cassa di Risparmio delle Provincie Lombarde and Banco Ambroveneto, the former Banco Ambrosiano, which had merged in 1998. On 1 January 2003, the group's...

 entered the group, which pursuant to the merger in 2001 changed its name in IntesaBCi; on 1 January 2003, the group's name changed to Banca Intesa.
In 2007, Sanpaolo IMI merged into Banca Intesa and name changed to Intesa Sanpaolo

Intesa Sanpaolo

Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa Intesa Sanpaolo...

 SpA.

Banca Intesa S.p.A. focuses in four main business areas.

• The Retail Division serves individuals, small businesses, small and medium enterprises and non-profit organizations; its main activities include retail banking, wealth management
  Wealth management
  Wealth management is an investment advisory discipline that incorporates financial planning, investment portfolio management and a number of aggregated financial services...
  
  , private banking and industrial credit.
• The Corporate Division serves mid and large corporates, financial institutions and public administrations; its main activities include mergers and acquisitions and structured finance
  Structured finance
  Structured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid lawsStructured finance is a broad term used to describe a sector of finance that was created to help transfer risk and avoid laws...
  
   services, merchant banking, capital market, global custody, and the specialized international network.
• The Italian Subsidiary Banks Division includes banking subsidiaries rooted in regional markets.
• The International Subsidiary Banks Division involves subsidiaries abroad, providing retail and commercial banking services mainly in Central-Eastern Europe. Banca Intesa has branches and representative offices in Europe, Asia, Latin and North America, and Africa.

Banca Intesa and Sanpaolo IMI

Sanpaolo IMI

The Gruppo Sanpaolo IMI was one of Italy's major banking and insurance groups, based in Turin. It employed about 44,000 people and had about 7 million customers....

 announced, in August 2006, that they will merge to found Italy's biggest and Europe's third largest banking group in terms of total assets. The effective merger date is 1 January 2007 and adopts the name of "Intesa Sanpaolo

Intesa Sanpaolo

Intesa Sanpaolo is a banking group resulting from the merger between Banca Intesa and Sanpaolo IMI based in Turin, Italy. It has clear leadership in the Italian market and a minor but growing international presence focused on Central-Eastern Europe, the Middle East and North Africa Intesa Sanpaolo...

S.p.A.". The registered office of the new bank is in Turin and Milan shall remain as the secondary registered office.