Due to the , a law that required banks to become companies limited by shares (). The bank
Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona (Cariverona) spin off the banking activities to form Cariverona Banca S.p.A., with the original
statutory corporation and
legal person was renamed into
Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. It was approved by The Decree of the Ministry of the Treasury on 20 December 1991 and the Decree was gazetted on 24 January 1992. The foundation retained its membership at Associazione di Casse di Risparmio (ACRI), which was renamed into
Associazione di Fondazioni e di Casse di Risparmio S.p.A. after the 1990s banking reform. The foundation later formed an intermediate holding company with the fellow banking foundation, the
Fondazione Cassamarca, the owner of the savings bank
Cassa di Risparmio della Marca Trivigiana (Cassamarca). It was the birth of
Unicredito, one of the predecessors of
UniCredit (formerly called Unicredito Italiano). Unicredito merged with
Credito Italiano in 1998 to form Unicredito Italiano. In the past, it was reported that the foundation had a tie with the political party
Lega Nord and had an influence on the resignation of UniCredit's CEO
Alessandro Profumo in 2010. At that time, the foundation owned 4.6% shares of the bank. As at 31 December 2010, Fondazione Cariverona was the fourth largest shareholder of UniCredit. In 2015,
Giovanni Battista Alberti, a statutory auditor of UniCredit (, similar to the
audit committee, but not a member of the
board of directors), resigned from his position. It was reported that Alberti also linked to the foundation. His role at the bank was originally ended in 2016. Alberti himself is a
Province of Verona native, a university professor, a charter accountant, and auditor. Also in 2015, the foundation signed a deal with the
Ministry of Economy and Finance, to diversify its investment, especially from UniCredit. However, the foundation bought the minority stake of the listed co-op insurer
Cattolica Assicurazioni from
Banca Popolare di Vicenza (BPVi) in April 2017, instead of buying any stake of
popolare banks. Soon after, BPVi was taken over by the government due to bankruptcy. The foundation sold part of their stake in Cattolica in November 2019. The stake of the foundation at UniCredit was diluted again by the 2017 cash call. As at 31 December 2017, the foundation only owned 1.8% stake of the bank. As at 31 December 2018, the foundation was a minority shareholder of UniCredit, as well as in Cattolica Assicurazioni,
doBank,
A4 Holding (a company that owned the concession of Brescia–Verona–Vicenza–Padua section of
Autostrada A4) and
Aeroporto Valerio Catullo di Verona Villafranca (the operator of the airport of
the same name). ==Protection of historical buildings==