Cassa di Risparmio di Fabriano e Cupramontana

Cassa di Risparmio di Fabriano e Cupramontana, commonly known as Carifac, was a regional Italian retail bank serving the area around Fabriano and Cupramontana in the Marche region. Its institutional history was closely connected with Fondazione Cassa di Risparmio di Fabriano e Cupramontana, a philanthropic banking foundation that owned the bank before the institution became part of the consolidation of the Italian banking sector. The bank operated as a local savings-bank institution, combining conventional retail banking with a regional relationship-banking role. Its activities were directed toward households, local businesses, and the surrounding community, although the available reference material does not provide a complete product catalogue, branch count, financial history, or detailed account of its management. The Carifac name also had a visible community presence through sponsorship of Fabriano Basket. In 2005, Cattolica Assicurazioni held a 17.33% minority interest in the bank. During the 2010s, Carifac was acquired by Veneto Banca and subsequently absorbed into that banking group, ending its independent existence as a regional bank. Veneto Banca later entered the resolution and restructuring process affecting several Italian banks. The banking assets associated with Veneto Banca were subsequently transferred to Intesa Sanpaolo, but the available material does not establish that Carifac continued as an independent customer-facing brand under Intesa Sanpaolo. Fondazione Carifac remained connected to the former bank's wider ownership and institutional history. As of 31 December 2014, the foundation held 561,603 shares in Veneto Banca. After the absorption of Carifac, the historical bank brand became defunct, while the foundation represented the continuing philanthropic legacy associated with the savings bank.

Cassa di Risparmio di Fabriano e Cupramontana was a local Italian savings bank associated with Fabriano and Cupramontana in the Marche region. The institution belonged to the tradition of Italian casse di risparmio: locally oriented banks that combined deposit-taking and lending with a civic and philanthropic mission. Its banking activities were linked to the surrounding regional economy, while its associated foundation represented the non-commercial and community-oriented side of the institution. The bank was owned by Fondazione Cassa di Risparmio di Fabriano e Cupramontana, commonly called Fondazione Carifac. The foundation formed an important part of the bank's ownership structure and later remained connected to the institution's successor arrangements. The available sources do not provide a sufficiently detailed chronology of the bank's founding, early expansion, branch network, or individual executives, so those aspects are not specified here. Ownership became more diversified by 2005, when Cattolica Assicurazioni held a 17.33% minority stake. This relationship placed the bank within the wider network of Italian financial institutions while it continued to operate as a regional retail bank. Carifac also maintained a community profile beyond financial services, including sponsorship of Fabriano Basket. The decisive change came during the 2010s, when Carifac was acquired by Veneto Banca and absorbed into that group. The transaction ended the bank's status as an independent institution and folded its operations into Veneto Banca's broader banking structure. Fondazione Carifac subsequently held shares in Veneto Banca; at 31 December 2014, it was recorded as holding 561,603 shares. Veneto Banca later became part of the major restructuring of Italy's banking sector. Its banking assets were transferred to Intesa Sanpaolo, meaning that the institutional ownership chain eventually led beyond Veneto Banca. The available reference material does not document a separate relaunch of Carifac as an Intesa Sanpaolo brand. Accordingly, Cassa di Risparmio di Fabriano e Cupramontana is treated as a defunct former bank rather than an active standalone brand. Its legacy survives principally through the historical record of local savings banking, Fondazione Carifac, and its former community relationships.

1. 2014Fondazione Carifac holds Veneto Banca shares

   At 31 December 2014, Fondazione Carifac held 561,603 shares in Veneto Banca.

   Source
2. 2005Cattolica Assicurazioni takes a minority stake

   Cattolica Assicurazioni held 17.33% of Cassa di Risparmio di Fabriano e Cupramontana.

   Source
3. Absorption into Veneto Banca

   During the 2010s, Carifac was acquired by Veneto Banca and absorbed into the group.

   Source

A locally rooted savings-bank and regional retail-banking institution serving households, enterprises, and communities in the Fabriano and Cupramontana area.

• Retail banking servicesRetail banking

  Carifac operated as a regional retail bank, providing the customary banking relationship for households and local customers. The available sources identify its retail-banking character but do not provide a sufficiently detailed list of named accounts, cards, digital services, or branch products.

• Local business bankingCommercial banking

  As a locally focused savings bank, Carifac served the surrounding business community through relationship-based banking and credit activity. Specific loan programmes, sector specializations, and product names are not documented in the supplied reference material.

• Fabriano Basket sponsorship

  Fabriano · Italy

  Carifac sponsored Fabriano Basket, giving the bank a visible association with a local sports institution and reinforcing its community-based regional identity.

  Source

• Acquisition and absorption by Veneto BancaM&A

  Carifac was a regional bank owned by Fondazione Carifac before becoming part of the consolidation of Italian banking institutions.

  What changed. Veneto Banca acquired the bank and absorbed it into the group during the 2010s.

  Aftermath. Carifac ceased to exist as an independent bank. The later transfer of Veneto Banca's banking assets to Intesa Sanpaolo placed the former institution within a successor banking structure, although no separate continuing Carifac brand is documented.

  Source

• 2005Cattolica Assicurazioni holds a minority stake in Carifac

  Cattolica Assicurazioni held a 17.33% minority interest in Cassa di Risparmio di Fabriano e Cupramontana.

  Other
  Source
• Cassa di Risparmio di Fabriano e Cupramontana is acquired and absorbed by Veneto Banca

  During the 2010s, the regional bank was acquired by Veneto Banca and absorbed into the larger banking group, ending its independent corporate existence.

  M&AOther
  Source

1. Cassa di Risparmio di Fabriano e Cupramontana