The bank has roots to Trondhjems Sparebank which was founded to 1823. Sparebanken Midt-Norge was created in 1984 when 23 savings banks in Trøndelag
merged to create a regional savings bank. In 1988
Spareskillingsbanken was also merged into the bank. The bank created
grunnfondsbevis in 1994 and listed itself on
Oslo Stock Exchange. In 1996 it was one of the founding banks of the alliance
SpareBank 1, where it today holds a 19.5% ownership. In 2005 it bought the commercial bank
Romsdals Fellesbank. The Norwegian subsidiary of
Iceland’s
Glitnir Bank, Glitnir Bank ASA in Norway, was sold for
NOK 300 million on October 21, 2008, or
ISK 5.5 billion, but its current worth is estimated at
ISK 36.5 billion . Glitnir ASA was bought by 20 savings banks. The takeover was led by Finn Haugan, the managing director of Sparebank 1 SMN which acquired a 25-percent stake in the bank. == Awards ==