Jutlander Bank, a regional bank, and Sparekassen Vendsyssel, a bank, agreed to form an $490m joint venture. Jutlander Bank, formerly known as Sparekassen Himmerland, is a Denmark-based regional bank primarily active within the Jutland peninsula. Its primary activity is the supply of banking products and services to both private and corporate customers. Its products and services offering includes savings accounts for adults and children, pension funds, credit cards, currency exchange, loans, life and property insurance as well as payment services, shares, bonds and asset management services.