Cherry Bank Increases Stake in Banca Macerata to 19.1%

Cherry Bank has increased its stake in Banca Macerata from 9.7% to 19.1%, solidifying its position as the primary shareholder. This move, executed through the acquisition of shares from local partners, underscores the bank's strategic focus on strengthening its regional presence and commitment to the Marche region.

Strategic Investment in Marche Region

The increased stake was finalized following authorization from the European Central Bank. This operation is part of a strategy that began in the spring of 2024 when Cherry Bank initially invested in Banca Macerata.

Expansion and Regional Commitment

The Marche region remains a key area for Cherry Bank. The group already has branches in the northern part of the region, including Pesaro, Montecchio, and Lucrezia. The bank aims to further strengthen its presence through direct operations and collaborative agreements.

Economic Significance of the Marche Region

The decision to invest in the Marche region aligns with its economic profile, contributing approximately 2.4% to the national GDP, with a value exceeding €42 billion. The region's production structure is characterized by a strong manufacturing presence and centers of excellence, including fashion and footwear, mechanics and engineering, home furnishings, processed agri-food, and chemicals and pharmaceuticals, all supported by highly specialized and export-oriented small and medium-sized enterprises (SMEs). This context presents growth opportunities for the credit system, despite its industrial quality.

Cherry Bank's strengthened presence aims to support businesses and families by accompanying investment, growth, and internationalization processes within the local economy.

Here is a table showcasing key economic indicators of the Marche region:

Advisor Role

Prometeia assisted the selling shareholders as a financial advisor in the transaction.

Prometeia's Assistance

Prometeia played a crucial role in advising the selling shareholders, ensuring a smooth transaction process.

Sector Breakdown in Marche

The Marche region is known for several key sectors that drive its economy. Understanding these sectors is crucial to Cherry Bank's investment strategy.

Here is a look at the sector breakdown in the Marche region:

Supporting Local Businesses

Cherry Bank's enhanced presence in the Marche region aims to provide more structured support for local businesses and families, facilitating investment, growth, and internationalization.

Financial Advisors

Prometeia played a significant role by providing financial advisory services to the selling shareholders in this transaction.

Below is a table outlining the roles of key parties involved in the transaction:

Cherry Bank’s Strategy

The investment aligns with Cherry Bank's broader strategy of supporting regional economies and fostering growth through strategic investments.

Here is a table summarizing Cherry Bank's strategic focus:

Economic Impact of the Investment

The increase in Cherry Bank's stake is expected to have a positive impact on the Marche region's economy, stimulating investment and growth.

Expected Outcomes

The investment aims to drive economic growth and support local businesses in the Marche region.

Future Prospects

Cherry Bank plans to further strengthen its presence in the Marche region through direct operations and collaborations.

Expansion Plans

The bank intends to expand its network and services to better serve the local community.