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The first Swedish savings bank was founded in Gothenburg in 1820. In 1992, a number of local savings banks merged to create Sparbanken Sverige ("Savings Bank Sweden"). In 1995, this bank was listed on the Stockholm Stock Exchange and in 1997, it merged with Föreningsbanken under the combined name FöreningsSparbanken (abbreviated FSB).
SpareBank 1 Sør-Norge (OSE: SB1NO), formerly SpareBank 1 SR-Bank and SpareBank 1 Sørøst-Norge, is a Norwegian bank and lender [1] with 36 offices from Bergen in the west to Oslo in the east, with head office located in Stavanger. [2]
SpareBank 1 Nord-Norge is a Norwegian savings bank.The bank has 90 branch offices in Nordland, Tromsø, Finnmark and Svalbard and a head office in Tromsø.It has 250,000 private and 40,000 institutional customers with total assets of NOK 48 billion.
The first savings bank was created in 1822, and in the following 75 years savings banks were set up in most municipalities of Norway. The banks had both a savings upbringing function for the commoners (so they did not have to burden society when they got sick and old) and served an important part in local communities development and self-financing.
SpareBank 1 Gruppen is owned by the participating banks. SpareBank 1 Østlandet (12%), SpareBank 1 SMN (19.5%), SpareBank Nord-Norge (19.5%) and SpareBank 1 Sør-Norge (19.5%) all own part of the company directly while the remaining banks own through Samarbeidende Sparebanker (19.5%).