History

More than 140 years of savings bank history

Savings banks’ has long traditions in Finland extending to the early 1800s. OmaSp's own history begins with the Lappeenranta Savings Bank, which opened its doors for the first time on February 13th 1875 in the premises of the Lappeenranta Town Hall. The bank was set up to serve the local population and local knowledge is one of OmaSp's strenghts also today.

Establishment of OmaSp and the growth of total assets

OmaSp borns and starts growing in 2008–2012

May 2008 Töysän Säästöpankki and Kuortaneen Säästöpankki conclude a merger agreement and in September 2009 Oma Säästöpankki Oy’s name is established for the operation after the two banks join forces. Total assets of the bank were 0.3 billion euros.

OmaSp grows rapidly in 2013–2018

In July 2012 Parkanon Säästöpankki and OmaSp conclude a merger agreement and in April 2013 Parkanon Säästöpankki’s business operations are transferred to OmaSp

In September-October 2013 Kantasäästöpankki Oy and OmaSp conclude a merger agreement and in March 2014 Kantasäästöpankki merges with OmaSp

In November-December 2013 Suodenniemen Säästöpankki and OmaSp conclude a merger agreement and in May 2014 Suodenniemen Säästöpankki’s business operations are transferred to OmaSp

In November 2013-January 2014 Etelä-Karjalan Säästöpankki Oy and OmaSp conclude a merger agreement and in November 2014 Etelä-Karjalan Säästöpankki merges with OmaSp

In January 2014 decision on Savings Banks’ Group of which OmaSp decides to be excluded and in May 2015 OmaSp leaves the Savings Banks’ Union Group

In September 2014 Joroisten Osuuspankki a letter of intent for the transfer of business operations to OmaSp

In January 2015 Pyhäselän Osuuspankki issues a letter of intent for the transfer of business operations to OmaSp

In September 2015 the business operations of Joroisten Osuuspankki and Pyhäselän Osuuspankki are transferred to OmaSp

In December 2016 OmaSp purchases SAV-Rahoitus Oyj*s shares and SAV-Rahoitus Oyj becomes a subsidiary of OmaSp

In April 2017 S-Pankki and OmaSp enter into an agreement about the transfer of S-Pankki’s company and agricultural operations to OmaSp

In December 2017 S-Pankki’s small and medium-sized operations as well as the agricultural and forestry operations are transferred to OmaSp

In September 2017 OmaSp starts mortgage bank operations

In 2017 OmaSp opens new branches in Lahti and in Jyväskylä

During 2018 OmaSp opens a branch in Oulu and will open branches in Helsinki and in Turku

In August 2018 OmaSp announces that it is contemplating a potential listing on the Helsinki Stock Exchange to support its growth strategy

In August 2018 OmaSp acquires a 25% share of PP-Laskenta Oy from Samlink Ab. PP-Laskenta Oy provides the bank with accounting, payroll and supervisory reporting services.

Establishment ofOmaSp

More than 140 years of savings bank history

OmaSp is the largest Finnish savings bank*.

Establishment of OmaSp and the growth of total assets

Establishment of
OmaSp