Due to 1990s Italian banking reform, the bank transformed from a statutory corporation to a società per azioni, by incorporating Banca del Monte e Cassa di Risparmio Faenza S.p.A. as a subsidiary of the statutory corporation.
At the same time the articles of association of the statutory corporation were modified to become a private legal person, as Fondazione Banca del Monte e Cassa di Risparmio Faenza, or Fondazione Monte Faenza in short).
Cassa di Risparmio in Bologna (Carisbo) also subscribed to the capital increase of the S.p.A.[2] At the same time the banking foundation of B.M.C.R.
Fondazione Banca del Monte e Cassa di Risparmio Faenza was the owner of the bank since 1992 until the merger in 1995.
[6] However, after Carisp Cesena suffered from huge write-down and provision for their bad loan, the bank was bail-out by the voluntary scheme of Fondo Interbancario di Tutela dei Depositi for €280 million in September 2016.