This article relies largely or entirely on a single source .(September 2023) |
Industry | Banking |
---|---|
Founded | 1920 |
Defunct | 1985 |
Fate | Merged |
Successor | Sparebanken Oslo/Akershus |
Headquarters | Oslo, Norway |
Number of employees | 661 (1977) |
Parent | Norwegian savings banks |
Fellesbanken was a Norwegian bank that existed between 1920 and 1985 with offices in Oslo, Norway. It was created as a central bank for the Norwegian savings banks as well as functioning as a commercial bank. It merged with Sparebanken Oslo/Akershus in 1985 to form Sparebanken ABC. [1] It is now part of DnB NOR.
Fellesbanken was created with two functions. First of all it was to function as a central bank for the savings banks of Norway. Originally, the savings banks of Norway were all independent banks without branches, though they still had a need for central banking functions.
It was not until after World War II that it became normal for savings banks to merge and the need for such a central bank depleted. Fellesbanken was also a commercial bank, and allowed the savings banks to have such a bank. Commercial banks had certain privileges that savings banks didn't, especially within the business sector. These privileges disappeared, and by the time of their merger they were non-existent.
In the 1970s Fellesbanken established branches in Bergen, Bodø, Kristiansand, Sarpsborg, Tromsø, Trondheim and Vadsø. After the establishment of regional savings banks Fellesbanken became redundant and a competitor, and in the 1980s the bank was made a savings bank. In 1985 it merged with Sparebanken Oslo/Akershus.
Akershus is a traditional region and current electoral district in Norway, with Oslo as its main city and traditional capital. It is named after the Akershus Fortress in Oslo. From the middle ages to 1919, Akershus was a fief and main county that included most of Eastern Norway, and from the 17th century until 2020, Akershus also had a more narrow meaning as a (sub) county that included most of the Greater Oslo Region. After 2020 the former county of Akershus was merged into Viken along with the former counties of Østfold and Buskerud. In 2022 the Storting voted to dissolve Viken and reestablish Akershus county.
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Union Bank of Norway branded as Sparebanken NOR was Norway's largest savings bank between 1990 and 1999. The bank was created as a merger between Sparebanken ABC and four other regional savings banks. The new bank had its headquarters in Oslo and was in existence until 1999 when it merged with Gjensidige to form Gjensidige NOR. Today the bank is part of DnB NOR.
Sparebanken ABC, sometimes branded as ABC Bank, was a Norwegian savings bank based in Oslo, in existence between 1985 and 1990. The bank was a merger between Sparebanken Oslo/Akershus as Christiania Sparebank) and Fellesbanken. The bank lasted until 1990 when it merged with four other savings banks in Eastern Norway to create Sparebanken NOR. The bank is now part of DnB NOR after Sparebanken NOR merged with Gjensidige to create Gjensidige NOR in 1999 and Gjensidige NOR merged with Den norske Bank in 2003 to create DnB NOR.
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Viken is a county under disestablishment in Eastern Norway that was established on 1 January 2020 by the merger of Akershus, Buskerud and Østfold with the addition of the municipalities of Jevnaker, Lunner and the former municipality of Svelvik. Viken was controversial from the onset, with an approval rating of about 20% in the region, and the merger was resisted by all the three counties. Viken has been compared to gerrymandering. The county executive of Viken determined in 2019, before the merger had taken effect, that the county's disestablishment is its main political goal, and the formal process to dissolve Viken was initiated by the county executive in right after the 2021 Norwegian parliamentary election in which parties seeking to reverse the merger won a majority. The political platform of the government of Jonas Gahr Støre states that the government will dissolve Viken and re-establish Akershus, Buskerud and Østfold based on a request from the county itself. On 22 February 2022, the regional assembly of Viken approved the formal request to disestablish the county, which will come into effect on 1 January 2024. The existing counties will continue to function with separate county administrations based on their existing infrastructure in anticipation of their formal re-establishment.