Sparbanken Rekarne is a savings bank, with ownership evenly divided between Swedbank AB and the Sparbanken Rekarne foundation. The bank has a history of collaborating with Swedbank in diverse products, IT solutions, and retail mortgage financing via Swedbank Hypotek AB. Swedbank's 50% ownership distinguishes Sparbanken Rekarne from other Swedish savings banks by increasing its focus on return targets. Based in Eskilstuna, Sparbanken Rekarne also serves Strängnäs and Mariefred in Södermanland county, an area of operation with close to 150,000 inhabitants. The area has a strong manufacturing sector, and a populous higher-education institution, namely Mälardalen University.