Company overview Swedbank ( OTCPK:SWDBY ) ( OTCPK:SWDBF ) is a Nordic banking group with a presence in the Baltic countries (Estonia, Latvia and Lithuania). Swedbank's history extends back as far as 1820 with the establishment of Sweden's first savings bank in Gothenburg. In 1992, a number of local savings banks merged to create Sparbanken Sverige ("Savings Bank Sweden"). In 1995, this bank was listed on the Stockholm Stock Exchange and in 1997, it merged with Föreningsbanken under the combined name FöreningsSparbanken (abbreviated FSB). The bank expanded in the Baltic region through the acquisition of shares in Hansabank. In 2004, Hansabank became part of Swedbank and the expansion in the east continues. In 2006, FöreningsSparbanken AB changed name to Swedbank AB. Swedbank trades predominantly on the Stockholm Stock Exchange, but it also trades in the U.S. through its ADR program in the over-the-counter market.