Sydbank A/S is Denmark's fourth-largest bank

Bank

A bank is a financial institution that serves as a financial intermediary. The term "bank" may refer to one of several related types of entities:...

 with headquarters in Aabenraa

Aabenraa

The city of Aabenraa or Åbenrå , with a population of 15,760 , is situated at the head of the Aabenraa Fjord, an arm of the Little Belt, in Denmark, 38 miles north of the town of Schleswig. Its name originally meant "open beach"...

. Sydbank was founded in 1970 with the merger of four local banks based in Southern Jutland

Southern Jutland

Southern Jutland is the name for the region south of the Kongeå in Jutland, Denmark. The region north of the Kongeå is called Nørrejylland . Both territories had their own ting assemblies in the Middle Ages . South Jutland is mentioned for the first time in the Knýtlinga saga.In the 13th century...

: Den Nordslesvigske Folkebank (Aabenraa); Graasten Bank (Gråsten

Gråsten

Gråsten , stress on last syllable) is a town with a population of 4,200 on the east coast of the Jutland peninsula in south Denmark by the Nybøl Nor at an inlet of the Flensburg Fjord. It belongs to the Sønderborg municipality in Region of Southern Denmark...

); Folkebanken for Als og Sundeved (Sønderborg

Sønderborg

Sønderborg Municipality , is a municipality in Region of Southern Denmark partially on the Jutland peninsula and partially on the island of Als in south Denmark, at the border with Germany. The municipality covers an area of , and has a total population of 76,236...

) and Tønder Landmandsbank (Tønder

Tønder

Tønder is a municipality in Region of Southern Denmark on the Jutland peninsula in south Denmark. The municipality covers an area of 1,278 km², and has a total population of 40,367...

).

1970s

In 1970's voksede antallet af Sydbank-afdelinger til 50 – alle i Sønderjylland – indtil Sydbank i 1976 gik over Kongeåen og åbnede en afdeling i Fredericia.

1980s

In 1980 Sydbank grew strongly. In 1983 Sydbank opened office at Kongens Nytorv

Kongens Nytorv

Kongens Nytorv is a public square in Copenhagen, Denmark, centrally located at the end of the pedestrian street Strøget. The finest and largest square of the city, it was laid out by Christian V in 1670 in connection with a major extension of the fortified city, and has an equestrian statue of...

 in Copenhagen and merged that year with the Aarhus Bank - and in 1984 with Fuen Bank, Co-established bank with a branch in Flensburg and subsidiary SBK-Finance. In 1985 came a branch in Hamburg.
In 1987 founded Sydbank Investment branch Sydinvest and the bank took over parts of the Copenhagen 6th July Bank, which had gone into receivership in March of that year. In 1988 took over Sydbank Community Bank branches in Copenhagen. In 1989 bought Sydbank DMK-Holding.
The bank went out of the 1980s with a market share of just 2 percent., 70 branches and 1,400 employees.

1990s

Sydbank merged in 1990 with Sparekassen South Jutland. When completing the Varde Bank took over Sydbank with effect from 1st January 1994 most of the bank's activities, including 30 West Jutland departments. In May 1994 bought Sydbank Active Bank and hence 40 East Jutland sections from Topdanmark.

After 2000

After the millennium has Sydbank marked on a thriving, growing, robust and velindtjenende bank that is now almost nationwide.
Sydbank took Odense Bank Egnsbank Funen during 2002 and has since established branches in central Jutland and Sealand. Moreover Sydbank opened in 2002 daughter bank Sydbank (Schweiz) AG in St. Gallen in Switzerland. In 2007 sold Sydbank DMK-Holding to ebh bank and opened a department-ment in Kiel. In 2008 took over Sydbank Zealand Banking Trelleborg, headquartered in Slagelse.
Sydbank is now Denmark's fourth largest bank based in Southern Jutland and headquartered in Aabenraa. The Bank has a market share in the sector at around 7 percent, approximately 2,600 employees and 115 branches - including three in Germany.
The Executive Director since 1982 Carsten Andersen. The Board is in addition to Carsten Andersen: Karen froze, Preben Lund Hansen and Allan Nørholm.
Sydbank board consists of: President Kresten Philipsen, Vice Chairman Donald Thoustrup, Otto Christensen, Peder Damgaard, Peter Gaemelke, Hanni Toosbuy Kasprzak, Sven Rose Meyer Paulsen, Per Olesen (elected by employees), Jan Uldahl-Jensen (elected by employees), Margaret Weber (elected by the employees) and Harry Max Friedrichsen (elected by employees).

SydbankFonden

Sydbank founded in 2002 SydbankFonden which annually awards millions of dollars to charitable, cultural and popular applications.
Among others poured SydbankFonden in 2008 bronze sculpture "myth" - inspired by myth about Christian II, who according missing a finger created a groove in a board during captivity in Sønderborg-castle Castle - to Sønderborg Municipality.

Sydbank Music Prize

In 2008 indstiftede SydbankFonden "Sydbank Music Prize", which is one of the largest awards for classical music. Besides a winning 50,000 dollars in each of the five regional orchestras are one of the winners even 100,000 dollars in the nationwide competition. Read more at syd-bank.dk/musikpris.
The regional music prize awarded:

• Copenhagen Philharmonic Orchestra, 26 September 2008, at. 19:30, Tivoli Concert Hall, Copenhagen
• South Jutland Symphony Orchestra, 8 November 2008, at 16:00, Jutland Hall, Aabenraa
• Aarhus Symphony Orchestra, 20 November 2008, at 19:30, Concert Hall, Aarhus
• Aalborg Symphony Orchestra, 27 November 2008, at 19:30, Aalborg Hallen, Aalborg
• Odense Symphony Orchestra, the fourth December 2008, at 20:00, Odense Concert House, Odense

The national prize is awarded:

• Alsion, Sønderborg, 23 June 2009 at 19:30.

Sydbank development

• 1970 Sydbank formed by the merger of the North Schleswig People's Bank Graasten Bank Folkeban-ken of Als and Sundeved and Barrels Farmer Bank.
• 1976: The Bank has 50 branches in South Jutland and crosses for the first time Kongeåen with the opening of an office in Fredericia.
• 1983: Sydbank opens at Kongens Nytorv in Copenhagen and merges with Aarhus Bank.
• 1984: Sydbank merges with Carl Bank and establish department in Flensburg and subsidiaries bet SBK-Finance.
• 1985: The bank opens a branch in Hamburg.
• 1987: Sydbank founder Investment Sydinvest and take over parts of Copenhagen 6th July Bank has gone into receivership in March of that year.
• 1988: Sydbank acquires Joint Bank branches in Copenhagen.
• 1989: Bank buys DMK-Holding.
• 1990: Sydbank merger with Savings Bank Jutland.
• 1994: Sydbank takes over at 1 January most of Varde Bank, including 30 Jutland departments. The same year, the bank buys Bank Asset and thus 40 East Jutland departments from Topdanmark.
• 2002: Bank takes over Egnsbank Fyn and opens subsidiary bank Sydbank AG in St. Gallen in Switzerland.
• 2007: Sydbank sells DMK-Holding to ebh bank and opens a branch in Kiel.
• 2008: Bank takes over Sealand bank Trelleborg with headquarters in Slagelse.