Fynske Bank A/S

FYNBK

DK0060520377

Banks

Market Closed - Nasdaq Copenhagen Other stock markets 07:42:01 2024-04-30 am EDT			5-day change	1st Jan Change
165 ^DKK	-1.79%		+0.61%	+8.55%

Mar. 26	Sydbank A/S acquired unknown additional minority stake in Fynske Bank A/S.	CI
Feb. 26	Fynske Bank A/S Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Svendborg Sparekasse A/S entered into an agreement to acquire Vestfyns Bank A/S for approximately $300 million.

September 04, 2013 at 12:00 am EDT

Svendborg Sparekasse A/S (CPSE:SVEND) entered into an agreement to acquire Vestfyns Bank A/S (CPSE:VEFY) for approximately $300 million on September 4, 2013. Under the terms of the agreement, Vestfyns Bank's shares will be exchanged for newly issued shares in Svendborg Sparekasse. Vestfyns shareholders will get 11 new shares of Svendborg.

Svendborg Sparekasse will be the surviving entity and the name of the combined entity will be changed to Den Fynske Bank. Management of Fynske Bank will consist of Petter Blondeau from Svendborg Sparekasse and Arne Jakobsen from Vestfyns Bank with Petter Blondeau as the Chief Executive Officer. There will not be any job cuts as a result of the merger.

The shareholders of Svendborg Sparekasse and Vestfyns Bank approved the deal. The merger plan is expected to be published in November 2013 and the transaction is expected to close in the fourth quarter of 2013. As of December 5, 2013, the transaction was approved by the shareholders of Vestfyns Bank.

As of December 6, 2013, Finanstilsynet (the Danish Financial Supervisory Authority) approved the transaction. Carsten Heinild, Steffen Søeborg, Jacob Lønfeldt and Christian Stampe Sørensen of SEB Corporate Finance acted as fairness opinion providers for the transaction.

Latest news about Fynske Bank A/S

Sydbank A/S acquired unknown additional minority stake in Fynske Bank A/S.	Mar. 25	CI
Fynske Bank A/S Reports Earnings Results for the Full Year Ended December 31, 2023	Feb. 26	CI
Fynske Bank A/S Reports Earnings Results for the Nine Months Ended September 30, 2023	Nov. 08	CI
Fynske Bank A/S Reports Earnings Results for the Half Year Ended June 30, 2023	23-08-24	CI
Fynske Bank A/S Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-23	CI
Fynske Bank A/S Reports Earnings Results for the Full Year Ended December 31, 2022	23-02-22	CI
Fynske Bank A/S Reports Earnings Results for the Nine Months Ended September 30, 2022	22-11-17	CI
Fynske Bank A/S Reports Earnings Results for the Half Year Ended June 30, 2022	22-08-24	CI
Fynske Bank A/S Reports Earnings Results for the First Quarter Ended March 31, 2022	22-05-24	CI
Fynske Bank A/S Reports Earnings Results for the Full Year Ended December 31, 2021	22-03-02	CI
Fynske Bank A/S Reports Earnings Results for the Nine Months Ended September 30, 2021	21-11-11	CI
Sydbank A/S acquired unknown additional minority stake in Fynske Bank A/S for approximately DKK 850 million.	21-10-14	CI
Fynske Bank A/S Reports Earnings Results for the Half Year Ended June 30, 2021	21-08-26	CI
Fynske Bank A/S Reports Earnings Results for the First Quarter Ended March 31, 2021	21-05-17	CI
Fynske Bank A/S Reports Earnings Results for the Full Year Ended December 31, 2020	21-02-25	CI
Macquarie Investment Management Limited completed the acquisition of ValueInvest Asset Management S.A. from Spar Nord Bank A/S, Fynske Bank A/S, Sydbank A/S and others.	18-06-28	CI
Macquarie Investment Management Limited entered into an agreement to acquire ValueInvest Asset Management S.A. from Spar Nord Bank A/S, Fynske Bank A/S, Sydbank A/S and others.	18-03-11	CI
Strategic Capital ApS sold unknown minority stake in Fynske Bank A/S.	16-11-16	CI
Fynske Bank A/S acquired Kolding branch from Vestjysk Bank A/S.	16-04-12	CI
Totalbanken May Pursue A Possible Merger With Fynske Bank	14-05-14	CI
Svendborg Sparekasse A/S completed the acquisition of Vestfyns Bank A/S.	13-12-11	CI
Svendborg Sparekasse A/S entered into an agreement to acquire Vestfyns Bank A/S for approximately $300 million.	13-09-04	CI
Svendborg Sparekasse A/S's Equity Buyback has expired	12-12-30	CI
Svendborg Sparekasse A/S Announces Executive Changes, Effective from June 1, 2013	12-12-02	CI

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Company Profile

Fynske Bank A/S, formerly known as Svendborg Sparekasse A/S, is a Denmark-based regional bank active through its main office in Svendborg and a number of regional branches in the eastern and southern part of the Danish island of Funen, as well as Langeland. The Bank is engaged in the provision of banking products and services to both private, as well as small and medium corporate customers. Its products and services offering includes loans, mortgages, pension funds, savings accounts, insurance, leasing, guarantees, investment advisory, shares, and bonds, as well as an online banking facility, NetBank. Svendborg Sparekasse A/S also offers student accommodation in the university cities of Aarhus and Copenhagen, Denmark. In December 2013, it merged with Vestfyns Bank.

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Banks

Calendar

2024-05-22 - Q1 2024 Earnings Release

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