Banca Tirrenica Unisce Forze con Etruria e Arezzo

Banca Tirrenica Unisce Forze con Etruria e Arezzo was a significant move for the bank.

In 2011, Banca Tirrenica merged with Etruria Banca and Cassa di Risparmio di Arezzo to create a stronger financial institution.

This merger was a strategic decision to improve the bank's competitiveness and stability.

The new entity, Banca Monte dei Paschi di Siena, was formed with the goal of serving the local community better.

The merger brought together the strengths of each bank, creating a more robust financial foundation.

The Nuova Banca Etruria is changing its name to Banca Tirrenica after being acquired by Ubi Banca.

The new name is one of the first changes following the acquisition, which was ratified recently. The company's legal seat will be in Bergamo.

The new president of Banca Tirrenica will be Osvaldo Ranica, and the CEO will be Silvano Manella, with Maria Pierdicchi as a member of the board.

The acquisition has led to some uncertainty about the company's future, but the CEO of Ubi Banca, Victor Massiah, has reassured that there will be no layoffs.

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Instead, the company will focus on reducing costs through voluntary departures, selling off activities, or other means, without any forced layoffs.

Ubi Banca's 2020 industrial plan, updated after the acquisition of Banca Marche, Etruria, and Carichieti, aims to reduce around 3,000 resources by 2020.

This will be achieved through the exit of approximately 4,000 resources, with around 2,170 having access to the Solidarity Fund.

Arezzo and Etruria have a significant connection to the Banca Tirrenica story. The Nuova Banca Etruria, a bank located in Arezzo, was acquired by Ubi Banca and will change its name to Banca Tirrenica.

The new Banca Tirrenica will have its legal seat in Bergamo, and its leadership will consist of Osvaldo Ranica as president, Silvano Manella as amministratore delegato, and Maria Pierdicchi as consigliere.

The acquisition is part of Ubi Banca's larger plan to reduce costs and streamline its operations, which involves a reduction of around 3,000 resources by 2020.

The Nuova Banca Etruria is changing its name to Banca Tirrenica after being acquired by Ubi Banca.

The new name is one of the first changes to come out of the acquisition, which was finalized recently. The bank's headquarters will be located in Bergamo.

Osvaldo Ranica will serve as the new president, and Silvano Manella will be the new CEO. Maria Pierdicchi will join the board of directors.

Ubi Banca's CEO, Victor Massiah, has spoken out about the acquisition, assuring that the bank will respect its historical relationship with the unions and will not engage in any layoffs.

The bank plans to reduce its workforce by about 3,000 people, but this will be achieved through voluntary exits, the sale of activities, or other means, rather than layoffs.

After UBI Acquisition, Arezzo continued to thrive as a major Etruscan city. The city's strategic location allowed it to maintain control over the surrounding area, including the nearby hilltop settlement of Poggio Colla.

The acquisition by the Umbrian city of Todi in 290 BC marked a significant shift in Arezzo's power dynamics. As a result, Arezzo's economy began to flourish, driven by its rich agricultural production and thriving trade networks.

Arezzo's cultural landscape was also shaped by its Etruscan heritage, with the city's unique blend of Etruscan and Roman influences evident in its art, architecture, and daily life. The city's artisans and craftsmen were renowned for their exceptional skill and attention to detail.

The city's economy continued to grow, with Arezzo becoming a major hub for the production and trade of goods such as wine, olive oil, and textiles. The city's strategic location allowed it to control the flow of goods and resources into and out of the region.