Sparekassen Sjælland made a bid to acquire Sparekassen Faaborg A/S (CPSE:SPFA) from Finansiel Stabilitet A/S, Fonden for Sparekassen Faaborg and others for approximately DKK 180 million on May 28, 2013. The buyer is offering DKK 175 for each share of SPFA. Sparekassen Sjælland intends to let the acquired bank continue as an independent subsidiary. Claus Sejling will be the Managing Director of Sparekassen Faaborg. In order to conduct the acquisition Sparekassen Sjaelland needs to receive acceptances representing 90% of Spar Faaborg's share capital.

On August 12, 2013, the offer was accepted by more than 90% of the shareholders of Sparekassen Sjælland. Ernst & Young Denmark acted as financial advisor and fairness opinion provider to Sparekassen Faaborg A/S. Bo Holse of Gorrissen Federspiel Kierkegaard acted as legal advisor to Sparekassen Faaborg A/S.

Sparekassen Sjælland completed the acquisition of Sparekassen Faaborg A/S (CPSE:SPFA) from Finansiel Stabilitet A/S, Fonden for Sparekassen Faaborg and others on October 11, 2013.