Cassa di Risparmio di Fermo
| Company type | Società per azioni |
|---|---|
| Industry | Banking |
| Founded | July 5, 1857 |
| Headquarters | Fermo , Italy |
Area served | Marche region, Italy |
| Products | Savings bank services |
| Owner | Fondazione Cassa di Risparmio di Fermo (majority), Intesa Sanpaolo (33.3%) |
Cassa di Risparmio di Fermo S.p.A. (commonly known as Carifermo) is a savings bank based in Fermo, within Italy's Marche region.
History
Established on 5 July 1857 during the era of the Papal States and officially authorized by Pope Pius IX on 29 April, Carifermo grew notably throughout the 1920s and 1940s by incorporating several nearby financial institutions. These included Cassa di Risparmio di Montottone, Cassa Rurale di Montottone, Cassa di Risparmio di Falerone, Cassa Rurale di Santo Stefano di Monterubbiano, and Cassa di Risparmio di Sant'Elpidio.
In 1991, in compliance with the Legge Amato reform, the bank underwent a division resulting in the formation of a società per azioni alongside the establishment of the banking foundation Fondazione Cassa di Risparmio di Fermo.
During the late 1990s, Cariplo (Cassa di Risparmio delle Provincie Lombarde) acquired a one-third share (33.3%) in Carifermo. Cariplo held minority stakes in various banks situated in Marche, Abruzzo, Umbria, and Lazio regions. Despite Cariplo’s subsequent mergers—first into Banco Ambrosiano Veneto (1998), then Banca Commerciale Italiana (1999), followed by Sanpaolo IMI (2007), Banca CR Firenze (2008), and finally Intesa Sanpaolo—the controlling interest of Carifermo remained with its founding foundation. Presently, Intesa Sanpaolo owns the remaining 33.3% equity stake.
Carifermo stands out as the sole savings bank in Marche that continues to operate independently under the governance of its original banking foundation. In contrast, other local banks such as Cassa di Risparmio di Loreto became subsidiaries of Banca delle Marche, which faced nationalization in 2015 and was subsequently integrated into UBI Banca in 2017.
See also
- Regional banks from Marche:
- Banca delle Marche, an Italian financial institution
- Cassa di Risparmio di Loreto, operating as a subsidiary of Banca delle Marche
- Banca dell'Adriatico, formerly under Intesa Sanpaolo
- Banca Popolare di Ancona, previously a UBI Banca subsidiary
- Cassa di Risparmio di Ascoli Piceno, once part of Intesa Sanpaolo
- Cassa di Risparmio di Fabriano e Cupramontana, formerly affiliated with Veneto Banca
- Cassa di Risparmio di Fano, previously linked to Credito Valtellinese
- Cassa di Risparmio della Provincia di Macerata, a forerunner of Banca delle Marche
- Cassa di Risparmio di Pesaro, predecessor entity to Banca delle Marche
- Cassa di Risparmio di Jesi, also preceding Banca delle Marche
- Banca delle Marche, an Italian financial institution