Biverbanca's origins are 'relatively recent' as it was established in 1994 from the merger between Cassa di Risparmio di Biella (founded in 1856) and Cassa di Risparmio di Vercelli (created in 1851). The new bank, named Cassa di Risparmio di Biella and Vercelli (Biverbanca), currently with 122 branches and 770 employees, inherited the valuable traditions of two ancient local credit institutions which, for over one hundred and fifty years, significantly contributed to the economic and social growth of the Biella and Vercelli districts. On 20 December 2007 Biverbanca became part of the MPS Group, having Intesa Sanpaolo (ISP) and Banca Monte dei Paschi di Siena (MPS) finalised the sale - agreed on 4 June 2007 - to MPS of the 55% Biverbanca stake owned by ISP.
Biverbanca’s current shareholding structure is as follows: Banca Monte dei Paschi di Siena 60.42%, Foundation CRB 33.44% and Foundation CRV 6.14%.
