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 (a banking foundation).[1] Cassa di Risparmio delle Provincie Lombarde also immediately acquired 20% stake in the new limited company.[2]