 218 of 30 July 1990, came into force.Under this law, saving banks were required to separate into a not-for-profit foundation and a commercial banking arm.The Cassa di Risparmio delle Provincie Lombarde, commonly known as Cariplo, was divided into the Fondazione Cariplo and Cariplo SpA, the bank, which merged with Ambroveneto in 1998.