Salling Bank and Sparekassen Vendsyssel merges
September 24, 2020
The listed bank Salling Bank has announced its intention to merge with the guaranteed-owned Sparekassen Vendsyssel, where the latter will be the continuing bank. The two banks seek to strengthen its position in North Jutland, Limfjord, Skive and Mariagerfjord, and will become one of Denmark's ten largest banks, with a total balance of approx. DKK 30bn. The merger requires approval at both parties`general meetings.
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