Sulzbach Brothers banking house

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The banking house Gebrüder Sulzbach was a German-Jewish private bank in Frankfurt am Main .

history

The banking house Gebrüder Sulzbach was founded on April 5, 1856 by Siegmund Sulzbach (1813–1876) and his younger brother Rudolf Sulzbach (1827–1904) in Frankfurt am Main. Due to the Jewish tradition, the bank initially operated under the name Privatbankhaus S. Sulzbach . However, the soul of the bank was Rudolf Sulzbach. The bank initially resided in Rudolf Sulzbach's house at Allerheiligenstrasse 89 in Frankfurt am Main. On December 21, 1866, the Sulzbach brothers' bank was chosen as the new name . Moritz Sigismund Sulzbach (1857-?), A son of Siegmund Sulzbach, founded a bank in Paris in 1881 under the name MS Sulzbach & Cie. This branch was closed a few years before the First World War when Moritz Sulzbach retired.

The Sulzbach Brothers banking house became an influential financial institution in the following decades and was particularly committed to the new industries (electrical engineering, chemistry) and railways at home and abroad. In the 1860s, the bank placed international bonds for the first time. B. from Egypt (together with Erlanger & Sons ), Spain and Russia. The bank co-founded Mitteldeutsche Creditbank (part of Commerzbank since 1929 ) in 1856, Deutsche Hypothekenbank Meiningen in 1862 and Deutsche Bank in 1870. In addition, the Sulzbach Brothers bank was involved in the founding of Providentia Versicherung in 1856 (since 1926 Part of Allianz Versicherung ) and AEG . With the help of Mitteldeutsche Creditbank, the bank also set up the Ilse lignite mine (later Ilse Bergbau AG ) in Lusatia .

In 1871 the previous bank building was sold to Leopold Sonnemann (1831–1909). From then on, the bank resided at Bockenheimer Anlage 53 until 1904. After Rudolf Sulzbach's death in early 1904, his son Karl Sulzbach (1859–1931) continued to run his parents' bank. On January 1, 1920, his son-in-law Heinrich Kirchholtes (1886–1959) joined as a new partner. In 1921 the bank signed a cooperation agreement with the Berlin bank Mendelssohn & Co. in the field of foreign exchange trading. Since 1923 the business premises of the bank have been at Mainzer Landstrasse 4-6. In 1932 the business premises were again relocated to Goethestrasse 34.

The bank was Aryanized in 1937 under pressure from the Nazi state . Karl Sulzbach's son, Walter Sulzbach (1889–1969), who had joined the bank in 1922, left as a partner in 1937. After that, his brother-in-law Heinrich Kirchholtes was its only owner and manager. The bank had to change its name and was now called Heinrich Kirchholtes (from 1947 Heinrich Kirchholtes & Co. ). Kirchholtes succeeded in providing his brother-in-law Walter Sulzbach with adequate remuneration at the expense of Kirchholtes' capital account. In May 1938 Kirchholtes also had to pay the silent capital contributions from Harry Cahn, Edmund Sulzbach and Hilda Lipstein geb. Bring Sulzbach to pay off.

After the Second World War , the bank continued business. In 1968, after 112 years of existence, it was acquired by the Cologne bank Sal. Oppenheim jr. & Cie. accepted.

literature

  • Kirchholtes, Heinrich. In: Robert Volz: Reich manual of the German society . The handbook of personalities in words and pictures. Volume 1: A-K. Deutscher Wirtschaftsverlag, Berlin 1930, DNB 453960286 , p. 925.
  • Hans-Dietrich Kirchholtes: Jewish private banks in Frankfurt am Main. Frankfurt 1969, pp. 29-32.
  • Ingo Köhler: The "Aryanization" of the private banks in the Third Reich . In: Series of publications on the journal for corporate history , Volume 14, 2nd edition, 2008
  • Franz Lerner: Existence in change demonstrated by the hundred-year history of the Frankfurt private bank Heinrich Kirchholtes & Co. vorm. Sulzbach brothers 1856–1956. Frankfurt am Main 1956.

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