There were three big banks Kaupþing, Glitnir and Landsbanki all of which had been busy gobbling up smaller banks and savings institutions from the 1990s onwards. All three pretty much all imploded during the Crash - zombie Kaupþing became Arion Banki, Glitnir metastasised into Nýi Glitnir and hived off the domestic Íslandsbanki division from its undead bankrupt parent. Landsbankinn dumped its unprofitable parts in a quarry and re-emerged like a horror movie monster as Nýi Landsbanki.
The only people who really made out of the reorganisations are rebranding companies and logo designers.
