Merger of Kvinnherad Sparebank and SpareBank 1 SR-Bank
We would like to announce that at meetings on 28 June 2010 the Board of Trustees of Kvinnherad Sparebank and the Supervisory Board of SpareBank 1 SR-Bank have given their approval to a merger of Kvinnherad Sparebank with SpareBank 1 SR-Bank.
The necessary government permits will be applied for.
For more information regarding the transaction, please refer to the merger plan with attachments, cf. company disclosure of 8 June 2010.
Contact persons:
Terje Vareberg, CEO, +47 911 00 448
Thor-Christian Haugland, Executive Vice President Communications, +47 480 31 633
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)