Sparebanken Sør and Sparebanken Pluss were merged on 1 January 2014. The name of the merged bank is Sparebanken Sør. Sparebanken Sør is now the fifth largest Norwegian-owned bank, with bank total assets of around 90 billion kroner. The merged bank has a total of 40 branch offices in Agder and Telemark. The bank's head office is in Kristiansand. Staff functions are divided between Arendal and Kristiansand. Sparebanken Sør has approximately 500 employees.