Sparbanken Alingsås is one of Sweden's largest savings banks in terms of total business volumes (including transferred loans, plus external and other off-balance-sheet products). The bank operates in four municipalities in the county of Västra Götaland in southwestern Sweden; Alingsås, Lerum, Herrljunga, and Vårgårda, with a minor presence in nearby Gothenburg, the country's second-largest city. Together, the four core markets have just over 100,000 inhabitants, many of whom commute into Gothenburg. The bank was established in 1833 and is wholly owned by Sparbanksstiftelsen Alingsås, a foundation that receives dividends from the bank.
Sparbanken Alingsås has a history of cooperation with Swedbank, which enables material product diversity and shared IT costs, as well as providing the opportunity to finance commercial and retail mortgage lending via Swedbank Hypotek AB (publ), Sweden's largest issuer of covered bonds.