Did the Bank of Italy fine the former directors of Banca Etruria for refusing Banca Popolare di Vicenza's merger offer?

After the inspections conducted in 2013 the Bank of Italy asked the directors of Banca Etruria to adopt a number of adjustment measures and to take steps to arrange a merger with another bank that would be able to contribute the necessary capital and professional skills. The choice of merger partner was left to the management boards of Banca Etruria, although they failed to take any of the recommended steps and rejected without reason the only merger offer received, that of Banca Popolare di Vicenza. The senior management of Banca Etruria were fined for failing to justify rejecting the merger offer, as well as for negligence and failure to act. The  Board of Directors of Banca Etruria did not submit Banca Popolare di Vicenza’s merger offer to the shareholders.