Sparebank 1 SR Bank ASA (GB:0Q57) has released an update.
SpareBank 1 SR-Bank ASA and SpareBank 1 South-East Norway are merging to create SpareBank 1 South Norway, with the goal of becoming the leading relationship bank in the region. The merger, pending regulatory approval, is set for October 1, and the banks have announced a strong corporate management team focused on customer divisions to drive market growth and enhance customer services. Notably, Benedicte Schilbred Fasmer, current CEO, will depart on December 1 to join Telenor ASA, with a search for her replacement underway.
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