In 2003 the bank was separated to a stock corporation and the original Hamburger Sparkasse changed its name to Haspa Finanzholding.

According to its data, it is the market leader in the Hamburg Metropolitan Region for retail and medium-sized corporate clients.

Surprisingly, it was soon found that not only the financially disadvantaged population was investing their money, but also business people, craftsmen and other tradespeople appeared.

In the first few years, a business policy was pursued under the slogan “Sparkasse for the smallest amounts”, the primary goal of which was limited to deposits of 8 to 30 Kurant-Marks (at that time the common Hamburg currency), which earned interest at 3+1⁄8%.

The business was initially modest, with two paid employees (bookkeeper and messenger) and six volunteers who were responsible for the deposits and withdrawals.

Due to differences in the management board of Haspa in connection with the abolition of the maximum deposit limit - now amounting to 60 marks - the two retired members of the board, Rudolf Martin and F. E. Schlueter, founded the "Neue Sparcasse von 1864" together with Senator Eduard Johns.

It was not until 1968 that the first steps in the merger of the two savings banks, which took place in 1972, were finally taken, with the decisive efforts of the board spokesman Peter Mählmann.