BANCA PASSADORE & C. S.P.A.

Banca Passadore & C. S.p.A. is an independent, unlisted Italian bank headquartered in Genoa and founded in 1888, operating a compact branch network in select Italian cities and serving retail, private, corporate, and institutional clients. The bank provides current and savings accounts, domestic and international payments (including SEPA), cards, mortgages and other lending to households and small and mid-sized businesses, as well as custody, investment services (advisory and discretionary portfolio management), and distribution of third-party funds; insurance products are typically offered via bancassurance arrangements. Digital channels include internet and mobile banking with strong customer authentication under PSD2, and open-banking consents for authorized third-party providers. Banca Passadore is authorized and supervised by the Bank of Italy and, for investment services, subject to CONSOB oversight; deposits are protected by the Italian Interbank Deposit Protection Fund up to EUR 100,000 per depositor, per bank, as provided by law. Pricing follows Italy’s banking transparency rules, with “Fogli Informativi” and contract terms published for each product; fees, rates, and conditions vary by product and customer profile. The institution publishes annual financial statements but, as a privately held bank, is not listed on a stock exchange. Account opening is subject to standard KYC/AML checks and tax documentation; availability for non-residents and U.S. persons can be limited due to regulatory requirements. Investment services entail market risk; deposit coverage applies only within statutory limits.