Sparebanken Midt-Norge

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Sparebanken Midt-Norge
Type	Savings bank
Founded	1823
Headquarters	Oslo, Norway
Key people	Finn Haugan (CEO)
Area served	Trøndelag, Norway
Industry	Banking
Employees	711 (2005)
Website	www.smn.no

Sparebanken Midt-Norge (OSE: MING) is a Norwegian savings bank based in Trøndelag. The bank has 71 branches in 51 municipalities in Central Norway and is part of the bank alliance SpareBank 1. In Nord-Trøndelag and Sør-Trøndelag the bank is branded SpareBank 1 Midt-Noge while it is branded SpareBank 1 Romsdals Fellesbank in Møre og Romsdal. The company has its head office in Trondheim.

The bank has total assets of NOK 46 billion, making it the 9th largest bank in Norway. In Trøndelag the bank has a marked share of 38% while it has a 28% marked share in Romsdal. The bank serves both private customers in addition to agricultural, small and medium sized businesses in addition to the public sector.

[edit] History

Though the bank has its roots bank to 1823, Sparebanken Midt-Norge was created in 1984 when 23 savings banks in Trøndelag merged to create a regional savings bank. In 1988 Spareskillingsbanken was also merged into the bank. The bank created grunnfondsbevis in 1994 and listed itself on Oslo Stock Exchange. In 1996 it was one of the founding banks of the alliance SpareBank 1, where it today holds a 19.5% ownership. In 2005 it bought the commercial bank Romsdals Fellesbank.

[edit] External links

• Corporate web site