Just prior to the dawn of the new century, the stately Landsbanki headquarters (costing half of the bank's reserve funds) opened on the corner of Austurstræti and Pósthússtræti, where the Bank has remained to this day.
While Landsbanki had done its best to provide credit for upgrading of the fishing fleet with decked vessels, its funding was limited during these early years and clearly constrained the fishing industry's development.