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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.
Referencesedit
^The Bankers' Almanac and Year Book. T. Skinner. 1986. p. 1354.
fellesbanken, this, article, relies, largely, entirely, single, source, relevant, discussion, found, talk, page, please, help, improve, this, article, introducing, citations, additional, sources, find, sources, news, newspapers, books, scholar, jstor, septembe. This article relies largely or entirely on a single source Relevant discussion may be found on the talk page Please help improve this article by introducing citations to additional sources Find sources Fellesbanken news newspapers books scholar JSTOR September 2023 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 A SIndustryBankingFounded1920Defunct1985FateMergedSuccessorSparebanken Oslo AkershusHeadquartersOslo NorwayNumber of employees661 1977 ParentNorwegian savings banksHistory editFellesbanken 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 Bodo Kristiansand Sarpsborg Tromso Trondheim and Vadso 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 References edit The Bankers Almanac and Year Book T Skinner 1986 p 1354 nbsp Banks portal Retrieved from https en wikipedia org w index php title Fellesbanken amp oldid 1182567097, wikipedia, wiki, book, books, library,
