SpareBank 1 Nordvest is a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 savings bank

Savings bank

A savings bank is a financial institution whose primary purpose is accepting savings deposits. It may also perform some other functions.In Europe, savings banks originated in the 19th or sometimes even the 18th century. Their original objective was to provide easily accessible savings products to...

 with branches in Nordmøre

Nordmøre

Nordmøre is a traditional district in the Norwegian county of Møre og Romsdal. The area comprises the northern third of the county including the municipalities of Kristiansund, Averøy, Tingvoll, Surnadal, Rindal, Aure, Halsa, Eide, Sunndal, Gjemnes, and Smøla...

 in addition to Molde

Molde

is a city and municipality in Møre og Romsdal county, Norway. It is part of the Romsdal region. The municipality is located on the Romsdal Peninsula, surrounding the Fannefjord and Moldefjord...

 and Ålesund

Ålesund

is a town and municipality in Møre og Romsdal county, Norway. It is part of the traditional district of Sunnmøre, and the center of the Ålesund Region. It is a sea port, and is noted for its unique concentration of Art Nouveau architecture....

. The bank has 11 branch offices with a head office in Kristiansund

Kristiansund

Kristiansund is a city and municipality on the western coast of Norway, in the Nordmøre district of Møre og Romsdal county. It was officially awarded township status in 1742, and it is still the major town for the region. The administrative center of the municipality is the city of Kristiansund...

 and has total assets of NOK

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

 5 billion. The bank is part of the bank alliances

Business alliance

A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involved and are typically managed by an integrated project...

 SpareBank 1

Sparebank 1

SpareBank 1 is a Norwegian alliance and brand name for savings bank. The alliance is organised through the company SpareBank 1 Gruppen AS that is owned by the participating banks. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300...

 and Samarbeidende Sparebanker

Samarbeidende Sparebanker

Samarbeidende Sparebanker AS owns 19.50 percent of SpareBank 1 Gruppen. As of September 2006, "Samarbeidende Sparebanker" consists of the following banks:Samarbeidende Sparebanker AS owns 19.50 percent of SpareBank 1 Gruppen...

.

There are branch offices located in Averøy

Averøy

Averøy is a municipality in Møre og Romsdal county, Norway. It is part of the region of Nordmøre. The administrative centre of the municipality is the village of Bruhagen. Other villages in the municipality include Sveggen, Bremsnes, Vebenstad, Kvernes, Kornstad, Kårvåg, and Langøy.The...

, Eide

Eide

Eide is a municipality in Møre og Romsdal county, Norway. It is part of the region of Nordmøre. It is located on the Romsdal peninsula, along the Kornstadfjord and the Kvernesfjord. The administrative centre of the municipality is the village of Eide...

, Frei

Frei

Frei is a village, island, and former municipality in Møre og Romsdal county, Norway. It is located in the present-day municipality of Kristiansund between the Kvernesfjord and Freifjord...

, Gjemnes

Gjemnes

Gjemnes is a municipality in Møre og Romsdal county, Norway on the Romsdal peninsula. It is part of the Nordmøre region. The administrative centre is Batnfjordsøra, which lies along the Batnfjorden and is a former steamship landing place...

, Halsa

Halsa

Halsa is a municipality in Møre og Romsdal county, Norway. It is part of the Nordmøre region. The administrative centre of Halsa is the village of Liabøen. Other villages in the municipality include Halsanaustan, Valsøyfjord, Engan, Hjellnes, and Valsøybotnen.-General information:Halsa was...

, Kristiansund

Kristiansund

Kristiansund is a city and municipality on the western coast of Norway, in the Nordmøre district of Møre og Romsdal county. It was officially awarded township status in 1742, and it is still the major town for the region. The administrative center of the municipality is the city of Kristiansund...

, Molde

Molde

is a city and municipality in Møre og Romsdal county, Norway. It is part of the Romsdal region. The municipality is located on the Romsdal Peninsula, surrounding the Fannefjord and Moldefjord...

, Smøla

Smøla

Smøla is a municipality in Møre og Romsdal county, Norway. It is part of the Nordmøre region. The administrative centre of the municipality is the village of Hopen, other villages include Dyrnes, Råket, and Veiholmen.-General information:...

, Tingvoll

Tingvoll

Tingvoll is a municipality in Møre og Romsdal county, Norway. It is part of the Nordmøre region. The administrative centre is the village of Tingvoll. Other villages include Meisingset, Kvisvik, and Torjulvågen.-General information:...

, Tustna

Tustna

Tustna is an island and a former municipality in Møre og Romsdal county, Norway. The administrative centre was Gullstein. The island is located in the present-day municipality of Aure. The island lies between the islands of Golma and Stabblandet and Solskjel .-History:Tustna was originally a...

, Ålesund

Ålesund

is a town and municipality in Møre og Romsdal county, Norway. It is part of the traditional district of Sunnmøre, and the center of the Ålesund Region. It is a sea port, and is noted for its unique concentration of Art Nouveau architecture....

.

History

The bank can trace its roots back to 1835 when Kristiansunds Sparebank was created. During the 1960s Kristiansunds Sparebank merged with some other local savings banks. In 1973 the two banks in Kristiansund merged with each other in addition to Øre and Smølen and changed its name to Nordmøre Sparebank. In 2000 the bank took the brand name SpareBank 1 when it joined the SpareBank 1 alliance and changed its juridical name to Sparebanken Nordvest. The bank also took over VÅR Bank's operations in Møre and Romsdal when it was bought by SpareBank 1. The bank markets itself as SpareBank 1 Ålesund in Ålesund.

List of banks that merged

• Bremnes Sparebank (1908)
• Frei Sparebank (1912)
• Halsa Spaebank (1909)
• Kristiansunds Sparebank (1835)
• Kristiansunds Spareskillingsbank (1861)
• Kvernes Sparebank (1894)
• Smølen Sparebank (1903)
• Straumsnes Sparebank (1920)
• Tustna Sparebank (1912)
• Valsøyfjord Sparebank (1895)
• Øre Sparebank (1910)