SpareBank 1

SpareBank 1 is a Norwegian alliance and brand name for a group of savings banks.

The alliance is organised through the holding company SpareBank 1 Gruppen AS owned by the participating banks.

The banks in the SpareBank 1 Alliance distribute SpareBank 1 groups' products and collaborate in key areas such as brands, work processes, expertise development, IT operations and system development.

The same year SpareBank 1 purchased VÅR Bank from the labour union Landsorganisasjonen (LO).

In 2003 the first major member of the alliance leaves when Sparebanken Vest sells its shares.