SpareBank 1 SMN

SpareBank 1 SMN
Company typeSavings bank
(OSE: MING)
IndustryBanking
Founded1823
HeadquartersTrondheim, Norway
Area served
Norway
Key people
Finn Haugan (CEO)
Number of employees
711 (2005)
Websitewww.smn.no

SpareBank 1 SMN 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-Norge while it is branded SpareBank 1 Romsdals Fellesbank in Møre og Romsdal but in April 2008 the bank changed its name to Sparebank 1 SMN. The company has its head office in Trondheim. The CEO is Finn Haugan.

The bank has total assets of NOK 46 billion, making it the 9th largest bank in Norway. In Trøndelag the bank has a market 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.