Nordlands Privatbank was established on 1 July 1893, as the first commercial bank in Northern Norway. The bank expanded with a cooperations with other banks established Ofotens Bank in Narvik in 1899. Later branches were established in Svolvær (1910) and Sortland (1918). The boom and bust during World War I and the following economic crisis struck the bank hard, and in 1923 the bank was put under public administration, and reemerged as a new bank in 1928. After 1945, the Government lay pressure on small banks to merge.
Nordlandsbanken was created as a merger between Fauske Bank, Søndre Helgelands Kreditbank, Helgelands Fiskeri- og Handelsbank and Nordlands Privatbank.
Until DnB NOR bought the bank in 2003, it was listed on the Oslo Stock Exchange. After the takeover all of Nordlandsbanken's operations outside Nordland, in Oslo and Tromsø, were taken over by DnB NOR, though DnB NOR retained its branch in Bodø. Part of the reason DnB NOR bought Nordlandsbanken was the economic crisis Nordlandsbanken found itself in, having lost NOK 450 million to Finance Credit-system.
The Norwegian Pelagic Fishing Course in Week 2 Norway
This winter's best week for NVG herring, and still a lot of mackerel from the west.
We had the best week of the winter with as much as 31,700 tonnes in the record, where the bes...
The impact of catching half of Pacific saury Japan
The decline in the Pacific saury (Cololabis saira) fishery continues
Last year's national catch of saury or saury decreased by almost 30% from the previous year, reaching a record low for the secon...