Sparebank 1 Nordvest (OB:SNOR) agreed to acquire Surnadal Sparebank (OB:SUSB-ME) on August 28, 2020. Sparebank 1 Nordvest entered into a merger agreement to acquire Surnadal Sparebank on October 20, 2020. The merger is being facilitated through the issuance of new equity capital certificates. Post the transaction, the new of the combined company will be SPAREBANK 1 NORDMØRE. Sparebank 1 Nordvest chairman Runar Wiik will become chairman of merged entity. Surnadal Sparebank Chief Executive Officer Allan Troelsen will be become Chief Executive Officer of merged entity. Final agreement will be singed before end of October. As of March 3, 2021, the transaction has been approved by Financial Supervisory Authority of Norway. Completion is expected in Q2 2021. As of October 20, 2020, the transaction is expected to close around May 1, 2021.

Sparebank 1 Nordvest (OB:SNOR) completed the acquisition of Surnadal Sparebank (OB:SUSB-ME) on April 30, 2021.