Sparekassen Vendsyssel agreed to acquire Jutlander Bank A/S (CPSE:JUTBK) on June 14, 2021. As consideration, shareholders in Jutlander to receive DKK 350 in guarantee capital in Sparekassen Danmark for each share in Jutlander. Company’s two largest shareholders together owning 64.8% of shares committed to vote for the merger. Name of continuing entity to be Sparekassen Danmark Af 1871 (Sparekassen Danmark). After merger, Jutlander shares to be delisted from Nasdaq Copenhagen. Parties expect to reach synergies of about DKK 50 million in 2022 and additional synergies of about DKK 50 million in 2023 and beyond. As of August 13, 2021, The Danish Competition and Consumer Board approved the transaction. The merger is yet to be approved by the Danish Financial Supervisory Authority and the banks' shareholders' meetings. Sparekassen Vendsyssel completed the acquisition of Jutlander Bank A/S (CPSE:JUTBK) on September 1, 2021. On September 1, 2021, Jutlander Bank A/S is removed from trading and official listing on Nasdaq Copenhagen due to the merger.