Varbergs Sparbank is one of Sweden's larger savings banks and operates in and around Varberg in the Halland region of south Sweden. The bank is owned by a foundation which receives part of the bank's profit as dividends. These are reinvested in the bank's area of operations to support the local community and various associations in the Varberg region. In partnership with Swedbank AB, Varbergs Sparbank benefits from diverse products, shared IT costs, and retail mortgage financing via Swedbank Hypotek AB. The bank has four branches in Varberg municipality. The area has about 70,000 inhabitants. Major employers include the Ringhals nuclear power plant and Södra Cell pulp mill.