The first Landesbausparkassen were established in 1929.[4] The corporate forms and ownership structures of the Landesbausparkassen are diverse, even though all involve one or several regional associations (Sparkassenverbnde). Some, like LBS Ost and Bausparkasse Schleswig-Holstein-Hamburg, are joint-stock companies, while others are public-sector entities. Bausparkasse Schleswig-Holstein-Hamburg is owned by the Sparkassenverband (57.5%) and Hamburger Sparkasse (42.5%). LBS Nord is owned by NordLB (44%), Landesbank Berlin (12%) and the Lower Saxon Sparkassenverband (44%). Landesbausparkasse Hessen-Thringen is majority-owned (68.85%) by the regional Sparkassenverband but also has stakes from the two Lnder of Hesse and Thuringia as well as from the two Sparkassenverbnde of North Rhine-Westphalia and two legal entities of the Finanzgruppe, FIDES Alpha and FIDES Beta. Landesbausparkasse Saar is owned by the Land (74.9%) and the Sparkassenverband (25.1%) of Saarland. For the others, the relevant regional association(s) are the sole Trger.[29]
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