General Deutsche Credit-Anstalt

General Deutsche Credit-Anstalt
legal form	Corporation
founding	1856
resolution	1983
Reason for dissolution	merger
Seat	Leipzig , Germany
Branch	Credit institution

Headquarters of the ADCA at the time of its completion in 1874, contemporary engraving with a view from the Promenade / Ring, at the corner of Richard-Wagner-Straße / Goethestraße. Engraving by Botho Straussberger in the Illustrirten Zeitung from 1874

Headquarters Allgemeine Deutsche Credit-Anstalt at Leipziger Brühl / Goethestrasse (view at the corner of Goethestrasse, front right / Brühl, turning left)

Destroyed US tanks in front of a branch of the bank in Leipzig / Plagwitz in April 1945

The Allgemeine Deutsche Credit-Anstalt (ADCA for short) was a credit institute founded in Leipzig in 1856 in the legal form of a stock corporation .

General Deutsche Credit-Anstalt shares for DM 100 from January 1966

history

The brief break in January 1856 founding committee included, in addition Otto Hübner , the 1853 instrumental in the founding of the Austrian Creditanstalt was involved in Vienna, the members of the Gewandhaus company Gustav Harkort , Albert Dufour Feronce , Karl Hirzel lamp, Louis Sellier and Wilhelm Theodor Seyfferth to . Since the bank's activities were not to be limited to Saxony , well-known merchants from Hamburg , Berlin , Dresden and Wroclaw also took part (e.g. Chamber Councilor Carl von Kaskel , owner of the long-established Kaskel bank , which after conversion into an AG Dresdner Bank was established in 1872 ). In May 1856 the Allgemeine Deutsche Credit-Bank received its banking license . The share capital , which was paid in in stages until March 1859, amounted to 10 million thalers . In the course of the great economic crisis of 1857-1859 , the share capital had to be reduced to 5 million thalers by buying back shares. Nevertheless, the credit institute was one of the largest banks in Germany as early as 1870.

In the early years of the bank's activity, the focus was on start-up and investment business. For example, the bank was one of the founders of Credit- und Versicherungsbank Lübeck (later Lübecker Handelsbank), Gothaer Privatbank Gotha and the Swiss Creditanstalt Zurich . Up to 1945 the institute had 130 branches in addition to the main branch in Leipzig, 109 of them in Central Germany, 20 in the Sudetenland and one in Berlin .

In 1946 the head office was relocated from Leipzig to West Berlin , and in 1969 it was run as a branch in Frankfurt am Main and Berlin . In 1973 the merger with Norddeutsche Kreditbank AG , Bremen, took place and the bank was renamed ADCA-Bank AG Allgemeine Deutsche Credit-Anstalt . In Bremen the bank had several branches, the head office was in the bank and department store Obernstrasse 2–12 . The main shareholder was the Norddeutsche Landesbank with 84 percent . In 1983 the money house was taken over by the Rabobank Group. The 22 branches in Bremen, Bremerhaven, Delmenhorst and Oldenburg were sold to various credit institutions.

Personalities

• Reinhard Goerdeler (1922–1996), lawyer and auditor (member of the supervisory board until 1971)

literature

• Otmar Heinz: 125 years of the Deutsche Allgemeine Credit-Anstalt: 1856–1981 . Allgemeine Deutsche Credit-Anstalt, Frankfurt am Main 1981.
• Manfred Pohl (Ed.): Handbook on the history of European banks , Elgar 1994, ISBN 1-85278-919-0 , pages 337-340.

Web links

• Entry in the inventory overview of the Main State Archives Dresden
• Documents and newspaper articles on the Allgemeine Deutsche Credit-Anstalt in the 20th Century press kit of the ZBW - Leibniz Information Center for Economics .
• The company records of the Ballenstedt, Bernburg, Coswig / Anhalt, Dessau, Köthen, Oranienbaum, Roßlau and Zerbst branches of the “Allgemeine Deutsche Credit-Anstalt” are located in the Dessau department of the Saxony-Anhalt State Archives under [1] , [2] , [ 3] , [4] , [5] , [6] , [7] , [8]

Individual evidence

1. ↑ Weser-Kurier of July 2, 2005, page 19: "Unloved Daughter"
2. ^ Announcement from ADCA to its customers in 1983