An even stronger alternative for customers
S-Bank Plc is to launch the voluntary cash tender offer, with the aim of acquiring all issued and outstanding shares in Oma Savings Bank Plc. The announced Tender Offer aims to combine two Finnish banks.
The aim is to have a stronger, more competitive bank that would be better positioned to develop its services, serve its customers and respond to the growing demands of the operating environment. If completed, the transaction would strengthen S-Bank’s position and elevate its growth to a new level, making it an even stronger alternative for customers.
With a history spanning over 150 years, Oma Savings Bank has a strong position in the Finnish banking sector and significant expertise. S-Bank would provide a solid platform for continuing its successful operations and future growth.
Key highlights
On 9 July 2026, S-Bank and Oma Savings Bank entered into a combination agreement pursuant to which the Offeror makes the Tender Offer for all the issued and outstanding shares in Oma Savings Bank.
The Offer Price is EUR 17.20 in cash for each Share
The Tender Offer provides shareholders with an opportunity to realise the immediate value of their shareholdings. The Offer Price represents a premium of approximately:
47.0 per cent compared to the closing price (EUR 11.70) of the Oma Savings Bank share on Nasdaq Helsinki on 8 July 2026, the last trading day immediately preceding the announcement of the Tender Offer;
46.0 per cent compared to the volume-weighted average price (EUR 11.78) of the Oma Savings Bank share on Nasdaq Helsinki during the three-month period prior to and up to 8 July 2026;
37.9 per cent compared to the volume-weighted average price (EUR 12.47) of the Oma Savings Bank share on Nasdaq Helsinki during the six-month period prior to and up to 8 July 2026; and
52.5 per cent compared to the volume-weighted average price (EUR 11.28) of the Oma Savings Bank share on Nasdaq Helsinki during the twelve-month period prior to and up to 8 July 2026.
The total equity value of the Tender Offer is approximately EUR 571.4 million based on 33,222,988 shares and excluding 133,741 shares held in treasury by Oma Savings Bank.
The Board of Directors of Oma Savings Bank has decided to recommend the Tender Offer
The Board of Directors of Oma Savings Bank, represented by a quorum comprising the non-conflicted members of the Board of Directors, has unanimously decided to recommend that the shareholders of Oma Savings Bank accept the Tender Offer.
The recommendation is supported by a fairness opinion provided by the Company’s financial adviser EY Advisory Oy to the Board of Directors of Oma Savings Bank.
Important dates
| Event | Date |
|---|---|
| Announcement of the Tender Offer | 9 July 2026 |
| S-Bank expects to publish the Tender Offer Document on or about (preliminary) | 16 July 2026 |
| The offer period under the Tender Offer is expected to commence on or about (preliminary) | 17 July 2026 |
| The offer period under the Tender Offer is expected to expire on or about (preliminary) | 25 September 2026 |
| Expected completion of the Tender Offer (preliminary) | During the fourth quarter of 2026 |
Media and investor event
S-Bank hosted a Finnish-language event on the transaction for members of the media, shareholders of Oma Savings Bank Plc, analysts and institutional investors.
A recording of the event is available through the link below, and the presentation materials can be found in the materials section of this page or accessed directly via this link.
Greeting from the CEO
“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 in an operating environment where customer expectations and the demands placed on banking are continuously growing. The combination would also create excellent conditions for expanding our corporate banking business, making us an even more attractive partner for an increasing number of customers.
Our experience gained from previous corporate transactions gives us strong capabilities to execute the combination in a controlled, smooth and responsible manner, from the perspective of both customers and personnel.”
Riikka Laine-Tolonen
CEO, S-Bank
Q&A
What does a public tender offer mean in practice? add
A public tender offer means that S-Bank is making an offer to all shareholders of Oma Savings Bank Plc to purchase their shares at a specified price in accordance with the terms and conditions of the tender offer set out in the offer document.
When will I receive more information? add
More detailed information about the public tender offer is expected to be published on 16 July 2026, when S-Bank publishes the offer document and the marketing brochure. Additional information will also be made available on this website.
How has the Board of Directors of Oma Savings Bank responded to the offer? add
The Board of Directors of Oma Savings Bank, represented by a quorum comprising the non-conflicted members of the Board of Directors, has decided to recommend that the shareholders of Oma Savings Bank accept the tender offer.
How does the cash consideration compare to the share price of Oma Savings Bank? add
The cash consideration offered to shareholders is higher than the market price of Oma Savings Bank shares on the last trading day immediately preceding the announcement of the tender offer.
Compared with the volume-weighted average share price of Oma Savings Bank on Nasdaq Helsinki during the twelve-month period prior to and up to 8 July 2026 (EUR 11.28), the cash consideration represents a premium of 52.5 per cent.
Compared, for example, with the closing price of the share on 8 July 2026, the offered cash consideration represents a premium of 47.0 per cent.
Materials
- Presentation from media and investor eventDownload