Finland Bank S-Bank to Buy Finland Bank Oma Savings Bank for $651 Million (€571 Million) in All-Cash Deal, Representing +47% Premium to Unaffected Closing Price (8/7/26), Oma Savings Bank Founded in 1875, Oma Savings Bank Current Market Value at $631 Million, Share Price +35.2% YTD, +91.7% Last 12 Months & +24.5% Last 5 Years
11th July 2026 | Hong Kong
Finland bank S-Bank has announced to buy Finland bank Oma Savings Bank for $651 million (€571 million) in all-cash deal, representing +47% premium to Oma Savings Bank unaffected closing price (8/7/26). Oma Savings Bank was founded in 1875. Oma Savings Bank current market value at $631 million, share price +35.2% YTD, +91.7% last 12 months & +24.5% last 5 years. Announcement (9/7/26): “S-Bank Plc (“S-Bank” or the “Offeror”) hereby announces a voluntary recommended public cash tender offer for all the issued and outstanding shares (the “Shares” or, individually, a “Share”) in Oma Savings Bank Plc (“Oma Savings Bank” or the “Company”) that are not held by Oma Savings Bank or any of its subsidiaries (the “Tender Offer”). The Company’s shareholders (excluding Oma Savings Bank and its subsidiaries) will be offered a cash consideration of EUR 17.20 for each Share validly tendered in the Tender Offer (the “Offer Price”), valuing the Company’s total issued share capital at approximately EUR 571.4 million based on 33,222,988 Shares. The Board of Directors of Oma Savings Bank, represented by a quorum comprising the non-conflicted members of the Board of Directors (the “Board of Directors of Oma Savings Bank” or the “Board of Directors of the Company”), has unanimously decided to recommend that the shareholders of Oma Savings Bank accept the Tender Offer. Oma Savings Bank’s Chair of the Board of Directors, Jaakko Ossa, is a member of the Board of Directors of a shareholder that has given an irrevocable undertaking and has therefore not participated in any assessment, review or decision-making concerning the Tender Offer or related matters. The Board of Directors of Oma Savings Bank has considered these matters exclusively among its non-conflicted members.”
“ Finland Bank S-Bank to Buy Finland Bank Oma Savings Bank for $651 Million (€571 Million) in All-Cash Deal, Representing +47% Premium to Unaffected Closing Price (8/7/26), Oma Savings Bank Founded in 1875, Oma Savings Bank Current Market Value at $631 Million, Share Price +35.2% YTD, +91.7% Last 12 Months & +24.5% Last 5 Years “
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Jari Annala, Chair of the Board of Directors of S-Bank: “We are very pleased to announce our tender offer for the shares in Oma Savings Bank. Based on a thorough evaluation, we consider this a strategically compelling opportunity for both S-Bank and Oma Savings Bank. Oma Savings Bank is a well-established player in the Finnish banking sector, and we see a strong shared foundation of values between our companies. For S-Bank, the transaction would be a natural step in the execution of its strategy and an opportunity to build an even stronger domestic bank.”
Riikka Laine-Tolonen, CEO of S-Bank: “S-Bank’s objective is to grow to a new size category and to increase the number of active customers who consolidate their banking with S-Bank. If the transaction is completed, S-Bank would become an even stronger alternative for customers. By combining the strengths of both banks, we could offer even better services and customer experience, combining digital convenience, personal service and a strong local presence. A larger size category would improve our ability to invest in the development of the bank and its services.”
Karri Alameri, CEO of Oma Savings Bank: “Oma Savings Bank has made significant progress in recent years. This positive development is the result of determined work through which we have strengthened our operations, improved our efficiency and focused more clearly on the fundamentals of banking. At the core of our business is a strong local presence, committed personnel and long-standing customer relationships built on trust and personal service. I believe that Oma Savings Bank is on a path towards stronger and more sustainable performance.”
Oma Savings Bank – Oma Savings Bank is a well-capitalised and profitable Finnish bank that serves over 200,000 personal and corporate customers through 48 branches across Finland and digital channels with approximately 600 experts. Oma Savings Bank focuses primarily on retail banking and offers its customers a diverse range of banking services both through its own balance sheet and by intermediating products of its cooperation partners, such as credit, investment and loan protection products. Oma Savings Bank also engages in mortgage banking operations. Oma Savings Bank’s key objective is a first-class customer experience through personal service and easy accessibility in both digital and traditional channels.
S-Bank – S-Bank is a well-capitalised bank and part of the domestic S Group. S-Bank was created as a bank for co-op members with the mission of ensuring that everyone has the possibility of a little more wealth. S-Bank offers its customers banking, financing and wealth management services and engages in mortgage banking operations. At the end of 2025, S-Bank had more than 3.4 million customers, of which 858,000 were active customers. S-Bank’s strategy is to grow the number of active customers and the share of customers who consolidate their banking activities with S-Bank, and to offer superior ease and benefits through a service model that combines digital and personal service. S-Bank employs approximately 1,200 experts.
Finland Bank S-Bank to Buy Finland Bank Oma Savings Bank for $651 Million (€571 Million) in All-Cash Deal, Representing +47% Premium to Unaffected Closing Price (8/7/26), Oma Savings Bank Founded in 1875, Oma Savings Bank Current Market Value at $631 Million, Share Price +35.2% YTD, +91.7% Last 12 Months & +24.5% Last 5 Years
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