Verran Sparebank was a Norwegian

Norway

Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million...

 savings bank

Sparebank

Sparebank is a Norwegian savings bank without external owners. The Norwegian sparebanks are a separate type of juridical entity that differ from commercial banks. There are a total of 123 savings banks in Norway.- History :...

, located at Venneshamn

Venneshamn

Venneshamn is a village in the municipality of Mosvik in Nord-Trøndelag county, Norway. It is located along the Trondheimsfjord on the west side of Mosvik. It is about north of the municipal center of Mosvik, and about north of the village of Kjerringvika and the Skarnsund Bridge that connects...

 in Mosvik

Mosvik

Mosvik is a municipality in Nord-Trøndelag county, Norway. It is part of the Innherad region. The administrative centre of the municipality is the village of Mosvik...

 municipality from 1907 to 2006. It merged with Grong Sparebank

Grong Sparebank

Grong Sparebank is a Norwegian savings bank based in Grong. The bank is affiliated with the Terra-Gruppen alliance and has branch offices in Grong, Harran, Namsos, Røyrvik, Lierne, Steinkjer and Mosvik. Total assets are NOK 1,269 million.-History:...

 in 2006, who took over its assets and local customers. The bank had assets of NOK

Norwegian krone

The krone is the currency of Norway and its dependent territories. The plural form is kroner . It is subdivided into 100 øre. The ISO 4217 code is NOK, although the common local abbreviation is kr. The name translates into English as "crown"...

 85 million and three employees when it ceased operation in 2006.

History

Verran Sparebank was founded in 1907 to serve as a local bank for the municipalities of Verran

Verran

Verran is a municipality in Nord-Trøndelag county, Norway. It is part of the Innherred region. The administrative centre of the municipality is the village of Malm...

 and Mosvik. Already in 1909 the bank got its first female chairman. The bank was a member of the Terra

Terra-Gruppen

Terra-Gruppen, branded as Terra is an alliance between 77 Norwegian savings banks. Terra-Gruppen is a strategic alliance of local Norwegian savings banks, and co-ordinates work within the areas defined as falling within the alliance. The group supplies competitive products and services to banks and...

 bank alliance

Business alliance

A business alliance is an agreement between businesses, usually motivated by cost reduction and improved service for the customer. Alliances are often bounded by a single agreement with equitable risk and opportunity share for all parties involved and are typically managed by an integrated project...

, and was one of four savings banks in the county

Counties of Norway

Norway is divided into 19 administrative regions, called counties . The counties form the primary first-level subdivisions of Norway and are further divided into 430 municipalities...

 of Nord-Trøndelag

Nord-Trøndelag

is a county constituting the northern part of Trøndelag in Norway. As of 2010, the county had 131,555 inhabitants, making it the country's fourth-least populated county. The largest municipalities are Stjørdal, Steinkjer—the county seat, Levanger, Namsos and Verdal, all with between 21,000 and...

 to remain independent. The others joined the regional Sparebanken Midt-Norge

Sparebanken Midt-Norge

Sparebanken Midt-Norge is a Norwegian savings bank based in Trøndelag.Sparebanken Midt-Norge has 71 branches in 51 municipalities in Central Norway and is part of the bank alliance SpareBank 1. In Nord-Trøndelag and Sør-Trøndelag the bank is branded SpareBank 1 Midt-Noge while it is branded...

. Because Grong Sparebank, Verran Sparebank's merger partner, was one of the other independent savings banks, that number of independent savings banks is currently reduced to three.

At the time of merger, Verran Sparebank was the smallest independent bank in Norway.