SpareBank 1 Lom og Skjåk

What SpareBank 1 Lom og Skjåk does

SpareBank 1 Lom og Skjåk is a regional savings bank founded in 1873, headquartered in Lom, Norway, and serving the Lom and Skjåk municipalities in the Gudbrandsdalen region. The bank operates as an independent savings bank within the SpareBank 1 alliance, Norway's largest banking alliance, which provides shared brand, digital infrastructure, and product platforms. Its web presence is delivered through the shared sparebank1.no platform, with fjellbanken.no serving as the local domain.

The bank employs 39 people and offers standard banking and financial services — including deposits, lending, and payments — to retail and local business customers in its micro-market. As a member of the SpareBank 1 alliance, it benefits from cooperative arrangements on technology, marketing, and product development that would be uneconomic for a standalone institution of this size.

The business model is that of a traditional Norwegian savings bank, generating revenue primarily through net interest income on lending activity, supplemented by fee income on payment and account services. There are no disclosed pricing details, no product-level information, no management team data, no M&A activity, and no financial figures in the source data. The bank appears operationally stable but analytically data-thin; any strategic assessment is constrained by the absence of revenue, AUM, loan book, and growth disclosures.

Name

SpareBank 1 Lom og Skjåk

Legal name

SpareBank 1 Lom og Skjåk

Website

https://fjellbanken.no

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

SpareBank 1 Lom og Skjåk is a small regional Norwegian savings bank founded in 1873, employing 39 people, that provides standard retail and local business banking services to customers in the Lom and Skjåk municipalities as a member of the SpareBank 1 alliance.

Ownership category

akta.pro rank

Product category

Retail Banking

NAICS

Savings Institutions and Other Depository Credit Intermediation (52218)

SIC

Savings Institutions, Not Federally Chartered (6036)

akta.pro industry

PRIMARYFSABABAC

SME Deposits & Business Accounts (Operating, Savings, CDs)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Commercial Banking (SME & Middle Market)

SECONDARYFSABAAAI

Small Business Banking (Microbusiness/Sole Proprietor)

Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

• Retail banking services
• Savings accounts
• Consumer lending
• Local banking
• Financial services

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D

Core offering

SpareBank 1 Lom og Skjåk is a regional Norwegian savings bank that provides standard retail banking and financial services—including deposit accounts, lending, and payment services—to private individuals and local businesses in the Lom and Skjåk municipalities. It operates as a member of the SpareBank 1 alliance, leveraging the alliance's shared brand, products, and infrastructure.

Product overview

SpareBank 1 Lom og Skjåk is a regional savings bank operating as part of the SpareBank 1 alliance, providing standard banking and financial services to customers in the Lom and Skjåk municipalities in Norway.

Differentiator

Problem solved

Functional benefit

Products and services

• Retail banking and deposit accounts

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves2 records

Expansion highlights2 records

Broad incumbents

• SpareBank 1 SR-Bank: Largest SpareBank 1 alliance bank and listed entity. Provides a public-market reference point for the SpareBank 1 alliance economics that flow through to small alliance members such as SpareBank 1 Lom og Skjåk.
• SpareBank 1 Nord-Norge: One of the larger SpareBank 1 alliance banks, listed on Oslo Børs. While significantly larger than SpareBank 1 Lom og Skjåk, it shares the alliance structure and provides a useful benchmark for Norwegian regional savings banking economics.
• Sparebanken Vest: Independent Norwegian savings bank operating in western Norway. Larger and more diversified than SpareBank 1 Lom og Skjåk, but comparable as a Norwegian regional savings bank model with similar deposit-funded lending business.
• DNB Bank ASA: Norway's largest financial services group and dominant incumbent. While vastly larger, DNB competes with SpareBank 1 Lom og Skjåk for retail deposits and SME lending in the broader Norwegian market and sets the competitive backdrop for smaller regional banks.

Direct peers

• SpareBank 1 Østlandet: SpareBank 1 alliance savings bank in inland/eastern Norway. Comparable product set and alliance affiliation, though operating in a larger geographic footprint than SpareBank 1 Lom og Skjåk.
• SpareBank 1 Sørøst-Norge: Mid-sized SpareBank 1 alliance bank serving southeastern Norway. Larger than SpareBank 1 Lom og Skjåk but operating under the same alliance framework with overlapping SME and retail banking products.
• SpareBank 1 Ringerike Hadeland: Small SpareBank 1 alliance savings bank in southern Norway. Comparable structure, similar customer segments, and shared reliance on SpareBank 1 alliance product platforms make it a close peer.
• SpareBank 1 Hallingdal Valdres: Small SpareBank 1 alliance savings bank serving rural Hallingdal and Valdres. Directly comparable to SpareBank 1 Lom og Skjåk in size, regional focus, and product scope, with similar reliance on the SpareBank 1 alliance for digital and back-office capabilities.
• SpareBank 1 Gudbrandsdal: Another small SpareBank 1 alliance savings bank operating in a rural Norwegian region (Gudbrandsdalen). Comparable in scale, structure, and customer base to SpareBank 1 Lom og Skjåk, sharing the same alliance infrastructure and serving similar microbusiness and retail customers.

Emerging players

• Sbanken (formerly Skandiabanken): Norwegian digital-only bank competing for retail deposits and consumer lending. Represents the emerging digital competitive threat to small regional savings banks like SpareBank 1 Lom og Skjåk, especially for younger customers in rural areas.

Market position

Strengths3 records

Weaknesses4 records

Competitive moat4 records

Key risks4 records

Key highlights4 records

Customer concentration

• LinkedInlinkedin.com/company/sparebank-1-lom-og-skj%C3%A5k

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SpareBank 1 Lom og Skjåk