Haugesund Sparebank agreed to acquire Tysnes Sparebank (OB:TYSB) on November 2, 2023. Under the terms of agreement, Haugesund Sparebank is the acquiring bank, and this means that Tysnes Sparebank will become part of Haugesund Sparebank. In connection with the merger, Haugesund Sparebank joins the Eika alliance, of which Tysnes Sparebank is already a part.

The advisers and the bank will be the same. With Tysnes on board, the merged bank will have 12 offices spread across Haugalandet and Sunnhordland. After the merger, Haugesund Sparebank will be left with 43.1 per cent of the equity certificates, Tysnes Sparebank with 34.5 per cent and Sparebankstiftinga Tysnes with 22.5 per cent.

The banks' sponsorship agreements in Haugalandet and in Sunnhordland will also be continued after the merger. Bente Haraldson Syre continues as managing bank manager in the merged bank. All employees keep their jobs, and all local offices remain.