Sparisjóður Reykjavíkur og nágrennis explained

Sparisjóður Reykjavíkur og nágrennis
Type:Public)
Foundation:March 5, 1932
Defunct:2009
Fate:Government custodianship, assets moved to other state-owned banks
Successor:Arion banki
Location City:Reykjavík
Location Country:Iceland
Area Served:Capital Region
Key People:Guðmundur Hauksson (CEO)
Industry:Banking
Num Employees:190 (including sudsidiaries)
Subsid:SPRON Verðbréf,
SPRON Factoring,
Netbankinn,
Frjálsi Fjárfestingarbankinn
Homepage:www.spron.is

Sparisjóður Reykjavíkur og nágrennis (English: Reykjavík Savings Bank), often shortened to SPRON was an Icelandic savings bank. It had six branches, all in the Reykjavík capital area. The bank was established March 5, 1932, and was nationalized in 2009 following a major banking and financial crisis in Iceland. Most assets were subsequently moved to Nýja Kaupþing.