Sydbank A/S
Although its roots date back more than a century Sydbank was first established in 1970 through a merger of four local banks in Southern Jutland. In the 1980s the Bank began expanding its domestic branch network outside Southern Jutland. Between 1980 and 1989 Sydbank established a branch in Copenhagen (1981); merged with Århus Bank (1983) and Fynske Bank (1984); and partially acquired two Copenh
Although its roots date back more than a century Sydbank was first established in 1970 through a merger of four local banks in Southern Jutland. In the 1980s the Bank began expanding its domestic branch network outside Southern Jutland. Between 1980 and 1989 Sydbank established a branch in Copenhagen (1981); merged with Århus Bank (1983) and Fynske Bank (1984); and partially acquired two Copenhagen-based banks, 6. juli Banken (1987), and Fællesbanken (1988). Outside Denmark, Sydbank established branches in Germany in 1984, 1985 and 2007. In 1990 Sydbank merged with Sparekassen Sønderjylland, the largest savings bank in Southern Jutland, which gave the merged entity the leading market position in that area. The legal name of the merged bank was Sydbank Sønderjylland A/S, organized as a subsidiary of Syd-Sønderjylland Holding A/S in compliance with then applicable statutory requirements. In 1994 Sydbank acquired the sound, basic banking activities of Varde Bank (which was then in financial difficulties) and, it acquired the basic banking activities of Aktivbanken from its insurance company parent, Topdanmark. The complex holding company structure was abandoned as from 1 January 1995 and as a result, the name of the Bank was changed to Sydbank A/S. Purchasing the core businesses of Varde Bank and Aktivbanken doubled Sydbank's business volume as well as the number of staff. In early 1997 the management of the Bank embarked on a series of measures aimed at expanding Sydbank's business in line with the rest of the Danish banking sector. The main objectives - stabilization and consolidation - have been achieved successfully. In 2000 Sydbank obtained its first rating from Moody's. In 2002 Sydbank acquired Egnsbank Fyn and instantly gained a considerable market share of customers in the Odense area. In 2003 Sydbank established its subsidiary bank, Sydbank (Schweiz) AG, in Switzerland – an expansion of the Bank's concept of Private Banking. And in 2008 Sydbank acquired bankTrelleorg which made it possible for the Bank to enlarge the physical distribution network in the parts of Denmark where the Bank has not had a presence.
Address: Norderstrasse 9, D-24939 Flensburg, Germany
Phone: +49 461 86020
FAX: +49 461 8602599
