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Tyche Bank is born, a bank specializing in non-performing loans and insolvency procedures

The bank was born from the reverse merger of Tyche with the historic Messina bank Banca di Credito Peloritano. Enrico Rossetti is the president, Bruno Messina the general director and Francesco De Marco the deputy general director

Tyche Bank is born, a bank specializing in non-performing loans and insolvency procedures

It was officially born Tyche Bank, new banking institution with main offices in Bologna and Messina, specialized in insolvency procedures, corporate finance, the purchase of tax credits, as well as the investment and management of NPL and UTP credits and portfolios. The bank is the result of the reverse merger by incorporation of Tyche into the historic one Peloritano Credit Bank, historic bank from Messina, and you see Enrico Lipsticks in the role of president, Bruno Messina as general manager and Francesco De Marco as deputy general manager.

Tyche Bank: a new player in corporate finance

Tyche Bank's declared objective is to become a national point of reference in its sector, responding to the financial needs of companies and professionals. At the same time, the bank will continue to serve the Sicilian territory as a proximity bank, maintaining a strong link with the local community. As reported in an official note, the fusion led to the change of company name, but the Bcp brand will remain dedicated to banking services in Sicily, with facilities and staff in the offices of Messina, Capo d'Orlando and Barcellona Pozzo di Gotto.

The share capital of Tyche Bank is equal to 30 million euros divided into 20.381 shares with no nominal value. On 2 July, after the shareholders' meetings of Tyche and Bcp which approved the merger, the first meeting of the Board of Directors of Tyche Bank. The Board of Directors is made up of Enrico Rossetti (president), Gianpiero Bergami (vice president), Davide Galletti, Ernesto Fiocco, Annalisa Dentoni Litta, Sergio Marchese, Illa Sabbatelli, Massimo Schiattarella and Annalisa Sinagra.

President Rossetti's comment

“The birth of Tyche Bank is testimony to our ability to execute on growth plans and structured projects, which require focus, excellence and specialization: the same elements that are the basis of every Tyche Bank activity, team and service – explains Rossetti - . The expansion of our activities to Sicily takes place with the aim of continuing the banking activity carried out by Bcp in support of families and businesses in the Sicilian territory, expanding its operations at a national level thanks to the specialized skills of Tyche. In particular, the activity carried out by the 'Special Situations' division will be central, aimed at small and medium-sized businesses that have lost access to traditional credit but which maintain a business model worthy of support. Tyche Bank will also offer a series of services dedicated to professionals in the world of insolvency proceedings, continuing to invest in the purchase of NPE credits from companies subject to insolvency proceedings. From today Tyche Bank enters the national banking and credit context with a strong endowment of liquidity, solidity and capital. I thank the Tyche and Bcp teams for the work done so far, aware that the completion of the merger is the beginning of our adventure".

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