 In Nordland the bank Sparebanken Nordland emerged in 1985 after the merge of 14 local savings banks.In 1988 Norway was struck by a bank crisis and this forced Tromsø Sparebank and Sparebanken Nord to merge to form Sparebanken Nord-Norge.In 1991 Nordkapp Sparebank and in 1992 Sparebanken Nordland also joined.