# Jämtlands Folkbank > earlier Swedish commercial bank **Wikidata**: [Q105687965](https://www.wikidata.org/wiki/Q105687965) **Source**: https://4ort.xyz/entity/jamtlands-folkbank ## Summary Jämtlands Folkbank was an earlier Swedish commercial bank headquartered in Östersund, operating from 1874 to 1990. It functioned as a financial institution accepting deposits and providing banking services under the legal form of an aktiebolag (joint-stock company). ## Key Facts - **Entity Type**: Earlier Swedish commercial bank (instance_of: bank). - **Inception Date**: 1874. - **Dissolution Date**: 1990. - **Legal Form**: Aktiebolag (joint-stock company). - **Headquarters Location**: Östersund, Sweden. - **Country of Operation**: Sweden. - **Wikidata Description**: "earlier Swedish commercial bank." - **Sitelink Count**: 1 (Swedish Wikipedia). - **National Historical Museums of Sweden ID**: person/5DDF36B3-0B51-4D61-9AA2-B88227D1E38C. ## FAQs **When was Jämtlands Folkbank founded and when did it cease operations?** Jämtlands Folkbank was established in 1874 and operated until 1990, serving as a commercial bank in Sweden for over a century. **Where was Jämtlands Folkbank headquartered?** The bank was headquartered in Östersund, a city in Jämtland County, Sweden. **What was the legal structure of Jämtlands Folkbank?** The bank operated as an aktiebolag, a Swedish term for a joint-stock company, indicating it was a publicly traded or shareholder-owned entity. **Is Jämtlands Folkbank still active today?** No, the bank was dissolved in 1990 and is no longer in operation. ## Why It Matters Jämtlands Folkbank played a role in the financial infrastructure of Sweden, particularly in the Jämtland region, during its operational period from 1874 to 1990. As a commercial bank, it contributed to local economic activities by providing banking services such as deposit-taking and lending, which are essential for personal and business financial management. Its existence reflects the historical development of Sweden's banking sector, illustrating how regional financial institutions operated under the aktiebolag model. While no longer active, its legacy remains part of Sweden's financial history, documented in national archives and historical records. ## Notable For - **Historical Longevity**: Operated for 116 years (1874–1990), spanning significant periods of Swedish economic development. - **Regional Significance**: Served as a key financial institution in Östersund and the broader Jämtland region. - **Legal Structure**: Functioned as an aktiebolag, a common but notable legal form for Swedish commercial enterprises. - **Documented Legacy**: Listed in the National Historical Museums of Sweden’s database, ensuring its preservation in historical records. ## Body ### History and Timeline Jämtlands Folkbank was founded in 1874 in Östersund, Sweden, during a period of expansion in the country’s banking sector. It operated continuously for over a century before ceasing operations in 1990. The bank’s lifespan coincides with significant economic changes in Sweden, including industrialization, the growth of commercial banking, and the eventual consolidation of financial institutions in the late 20th century. ### Legal and Operational Structure The bank was structured as an aktiebolag, a Swedish joint-stock company, which allowed it to issue shares and operate as a publicly traded or shareholder-owned entity. This legal form was typical for commercial banks in Sweden and provided a framework for governance, capital raising, and liability protection. As a financial institution, Jämtlands Folkbank engaged in core banking activities such as accepting deposits, providing loans, and facilitating financial transactions for individuals and businesses in its region. ### Headquarters and Geographic Focus Jämtlands Folkbank was headquartered in Östersund, the capital of Jämtland County in central Sweden. This location positioned the bank as a key financial service provider for the local community and surrounding areas. Its regional focus likely meant it played a role in supporting local businesses, agriculture, and personal finance needs specific to the Jämtland region. ### Dissolution and Legacy The bank was dissolved in 1990, marking the end of its 116-year history. The reasons for its dissolution are not specified in the source material, but it may have been part of broader trends in the Swedish banking sector, such as mergers, acquisitions, or regulatory changes. Despite its closure, Jämtlands Folkbank is preserved in historical records, including the National Historical Museums of Sweden’s database, which assigns it the identifier person/5DDF36B3-0B51-4D61-9AA2-B88227D1E38C. This ensures its recognition as part of Sweden’s financial and institutional history. ### Documentation and References Jämtlands Folkbank is documented in Swedish Wikipedia (sitelink_count: 1) and is referenced in the National Historical Museums of Sweden’s archival system. These records provide a basis for understanding its role as a commercial bank and its place within the broader context of Swedish financial institutions. The bank’s Wikidata entry describes it as an "earlier Swedish commercial bank," emphasizing its historical rather than contemporary significance. ### Relationship to the Broader Banking Sector As a commercial bank, Jämtlands Folkbank was part of Sweden’s broader financial ecosystem, which included other regional and national banks. Its operations would have been subject to Swedish banking regulations and economic policies of the time. While it did not achieve the scale or longevity of some of Sweden’s larger banks, its existence highlights the diversity of financial institutions that contributed to the country’s economic development during the 19th and 20th centuries. ### Cultural and Economic Impact While specific details about its economic impact are not provided, Jämtlands Folkbank would have contributed to the financial stability and growth of the Jämtland region by providing essential banking services. Its role as a depository institution and lender would have facilitated local commerce, savings, and investment, supporting both individual and business financial needs. The bank’s dissolution in 1990 reflects the dynamic nature of the banking industry, where institutions evolve, merge, or close in response to economic and regulatory changes.