Hoiupank was created during the dissolution of the Soviet Union from the Estonian operations of the Savings Bank of the USSR.
[1]: 25 In September 1996, Hoiupank initiated a merger with the Estonian Commercial Bank of Industry and Construction [et] (ETEK), the Estonian successor entity of the Soviet Promstroybank.
[2] It was subsequently the third-largest bank in the country.
[3] Hoiupank merged into Hansapank (currently Swedbank's Estonian subsidiary) in 1998.
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