The Savings bank of Skagafjörður is located in Sauðárkrókur. Other banks are the national banks, Arion banki and Landsbanki that operate branches in Sauðárkrókur and the first also in Varmahlíð and Hofsós. A handful of accountant offices are located in Sauðárkrókur amongst them branches from Deloitte and Touche and KPMG.
The cooperative of Skagafjörður (KS) is the largest company of its kind in Iceland. The company operates in as diverse fields as food production, (seafood, meat and dairy), feed production, retail stores and services, but has also proven to be a successful investor in various fields as banking, industry and housing to mention a few. The cooperative is constantly searching for new investment opportunities, both as a direct investor or as a builder and leaser of housing and facilities.