Brief: Sparebank 1 Nordvest And Surnadal Sparebank Agree To Merge

Sparebank 1 Nordmore

20/10/2020 16:07

Oct 20 (Reuters) - Sparebank 1 Nordvest  SNOR.OL :
    * BOARDS IN  SURNADAL SPAREBANK AND SPAREBANK 1 NORDVEST
DECIDED
ON AGREEMENT ABOUT MERGER
    * ALLAN TROELSEN TO BE CEO OF MERGED BANK
    * ODD EINAR FOLLAND TO KEEP POSITION AS CEO IN SPAREBANK 1
NORDVEST UNTIL CARRYING OUT OF MERGER
    * THE NEW NAME OF MERGED BANK TO BE SPAREBANK 1 NORDMØRE
    * SPAREBANK 1 NORDMØRE TO HAVE MORE THAN NOK 30 BILLION IN
EQUITY
CAPITAL
    * IT IS INTENDED TO CARRY OUT MERGER AROUND MAY 1, 2021

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