Frøs Sparekasse and Sparekassen Bredebro entered into an agreement to acquire Three branches from Vestjysk Bank A/S (CPSE:VJBA) on August 30, 2022. Sparekassen Bredebro will take over Vestjysk Bank's branches in Løgumkloster and Tinglev, while Frøs Sparekasse will take over the branch in Rødekro. 20 employees of Vestjysk Bank will move to Frøs Sparekasse and Sparekassen Bredebro. The deal is subject to approval by boards of Frøs Sparekasse and Sparekassen Bredebro and the Danish Financial Supervisory Authority. The deal is expected to close on October 3, 2022.

Frøs Sparekasse and Sparekassen Bredebro completed the acquisition of Three branches from Vestjysk Bank A/S (CPSE:VJBA) on October 3, 2022.