SpareBank 1

SpareBank 1 Gruppen AS
	SpareBank 1 Modum
Company type	Private
Industry	Banking, Insurance and Pension
Founded	1996
Headquarters	Oslo, Norway
Area served	Norway
Key people	Turid Grotmoll (CEO)
Owner	SpareBank 1 Østlandet (12%); SpareBank 1 Sør-Norge (19.5%); SpareBank 1 SMN (19.5%); SpareBank 1 Nord-Norge (19.5%); Samarbeidende Sparebanker (19.5%); Landsorganisasjonen (10%); Swedbank (24%);
Number of employees	6,300 (2010)
Website	www.sparebank1.no

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. In total the alliance is Norway's second largest bank with total assets of NOK 625 billion, 352 branches and 6300 employees. The alliance has its head office in Oslo, Norway. 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.

Companies in the group include the mutual fund company ODIN Forvaltning, the life insurance company SpareBank 1 Livsforsikring, the insurance company SpareBank 1 Skadeforsikring, the credit card company SpareBank 1 Medlemskort, SpareBank 1 Utvikling, the commercial bank Bank 1 Oslo, the car finance company SpareBank 1 Bilplan (19.9%) and the securities company First Securities (24.5%).