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Fellesbanken

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Fellesbanken A/S
IndustryBanking
Founded1920
Defunct1985
FateMerged
SuccessorSparebanken Oslo/Akershus
HeadquartersOslo, Norway
Number of employees
661 (1977)
ParentNorwegian 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. It is now part of DnB NOR.

History

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.

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Fellesbanken
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