Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Lofoten Sparebank and Harstad Sparebank to merge
November 28, 2018

On Monday, the general meetings of Lofoten Sparebank and Harstad Sparebank agreed to merge the two banks. The new bank will from January 1st be called Sparebank 68 Grader Nord and the goal is to strengthen the banks’ local competitiveness and profitability. The combined banks reported earnings before tax of NOK 63m on 09.30.2018. The banks have a total of 32 FTEs across 3 offices.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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