Sparbanken Rekarne is a savings bank, with ownership evenly divided by Swedbank and the Sparbanken Rekarne foundation. Like most Swedish savings banks, the bank shares a history and cooperation with Swedbank AB, which provides material product diversification, shared costs on IT solutions and the opportunity to finance retail mortgages via Swedbank Hypotek AB, Sweden's largest issuer of covered bonds. However, Swedbank's 50% ownership distinguishes the bank from other savings banks by increasing its focus on achieving return targets set by Swedbank. In addition to traditional lending, the bank shares ownership of investment companies and an IT development company that produces technical solutions for savings bank peers across Sweden.
Rekarne is based in Eskilstuna, with branches in Strängnäs and Mariefred, in the county of Södermanland, on the south shore of Lake Mälaren. These communities have a total of 140,000 inhabitants, a strong manufacturing industry and the area is also home to Sweden's largest higher-education institution, Mälardalen University, with 15,000 students.