Sparekassen Vendsyssel signed an agreement to acquire Salling Bank A/S (CPSE:SALB) on September 23, 2020. Sparekassen Vendsyssel will be the continuing company after the merger. The merged bank will be named as Sparekassen Vendsyssel. The transaction is subject to shareholders approval of Sparekassen Vendsyssel and Salling Bank. As on October 28, 2020, the transaction is approved by shareholder of Salling Bank. The merger is yet to be approved by the Danish Financial Supervisory Authority and the Danish competition authorities.