Cassa di Risparmio di Foligno


Cassa di Risparmio di Foligno or Carifol in short, is a former Italian regional bank based in Foligno, Umbria. A subsidiary of Intesa Sanpaolo, the bank was merged with 3 other saving banks in Umbria to form Casse di Risparmio dell'Umbria in 2012.

History

Found 1857 in Foligno, Papal States, the bank had a philanthropic mission to operate a mount of piety and a saving bank.

Cariplo

In 1992, due to Legge Amato, the daily banking operation, charity and ownership were separated into a società per azioni and Fondazione Cassa di Risparmio di Foligno. Cassa di Risparmio delle Provincie Lombarde also immediately acquired 20% stake in the new limited company. The stake was diluted to 18.34% in 1996.

Banca Intesa

In July 1999 Banca Intesa the successor of Cariplo, acquired an additional 47.1% ownership from the foundation, as well as grouped 4 other saving banks in Central Italy to one intermediate holding company Holding Intesa Centro. In 2001, Ascoli was added into the mini-group, followed by Terni and Narni in 2003.
In 2007, Carifol followed the ultimate holding company to become part of Intesa Sanpaolo Group. In 2008 the group acquired Banca CR Firenze. Intesa Sanapolo sold the shares of Casse del Centro to Banca CR Firenze, making the Florence bank becoming the new intermediate holding company.

merger

In 2012 Carifol and 3 former member of "Casse" Central Holding, Città di Castello, Spoleto and Terni and Narni to become part of Casse di Risparmio dell'Umbria.. As part of the deal, Intesa also bought the remain shares from the foundations. Prior to the merger, Banca CR Firenze reached 70.529% ownership ratio on Carifol in 2010 and purchased an additional 21.23% from the foundation for €27,271,260.12 in 2012, as well as 4.59% from minority shareholder for about €5.9 million.

Sponsorship

The bank was a sponsor of Foligno Calcio.