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The general meetings of the two banks adopted the name change on Monday night. The merger will be completed on January 1, 2019.
–Reserve Bank 68 degrees North will have bigger economic muscles to better serve the customers. At the same time, we will be as local as before, "said Werner Martinsen, managing director of Lofoten Sparebank, in a press release.
He stresses that the bank will remain a local business, that management and decisions will be as close to customers as they are and that the number of employees will not be reduced.
-We will go to work every day to create more value locally. The community around us is even more centralized and it is therefore more important than ever that we show here the willingness and ability to cooperate to ensure that local interests are taken into account, "said Martinsen.
"We will maintain and develop our position in our local markets, and we will always be the local bank with short-term funds for our customers.The bank will be the same as before – even better for customers. we want more lifting capacity in Sparebank at 68 degrees north, he said.
Why do you change your name?
"The new bank can not call Harstad Sparebank or Lofoten Sparebank, and it needs a new name because it briefly explains where we are present to customers.
The merged bank has offices in Leknes, Lofoten, Sortland, Vesterålen and Harstad. The new name reflects the pride of the main business area of the bank.
-What about gifts and sponsorship of banks?
– Reserve Bank 68 degrees North will be more profitable than the two previous banks, and donations and sponsorships will increase.
Framework facts
· Sparebank 68 degrees north will have a business capital of approx. NOK 6.5 billion and net capital of approx. NOK 660 million.
· The two banks that merged had pr. 30.09.18, a total pre-tax profit of NOK 63.8 million.
· The bank has a total of 32 employees, divided into three offices.
· The Harstad Sparebank was established in 1926. The Lofoten Sparebank was established in 1909.
Read also:
It will now be decided if the banks are merged: "We must prepare for the future of the Lofoten
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