Banking house cook

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The former banking house Koch in Jena goes back to a material goods store that was founded in 1778 by Anton Wilhelm Friedrich Koch (1755-1820). His son Theodor (1786–1863) expanded the portfolio to include insurance and had also worked as a bank agent since 1828. It was not until Hermann Koch (1814–1902) concentrated on the banking business after he returned to Jena after completing his training in 1840 and took over the management of his father's company five years later. For his commitment to the city, Hermann Koch was made an honorary citizen of Jena in 1890.

By the turn of the century, private customer deposits had exceeded one million. After Koch's death in 1902, the sons Wilhelm and Rudolf continued to run the leading financial institution in Jena together. In 1906, however, the grandson Arwed Koch (1888–1946), Rudolf's son, took over the banking business. In 1918 he created a family stock corporation, Bankhaus Koch AG . Two years later the business was taken over by the Bank for Commerce and Industry in Berlin (Danat-Bank) , while Koch became a board member of the Nordische Bank for Commerce and Industry (Berlin). After leaving this German-Russian bank, Koch took over the Jena branch of the Danat Bank in 1922 and continued to run it as Arwed Koch .

After the bankruptcy in 1930, Koch, who had a doctorate in economics, sold the bank to the Thuringian State Bank and increasingly emerged as the author of publications on banking and credit, from 1939 also for the office of the Reich Commissioner for Credit and the private banking business group. As Vice President of the Thuringian State Bank appointed by the American military government, he was arrested, sentenced to death and executed by the Soviet military government after the change of occupation. The head office on the corner of Saalstrasse and Schloßstrasse is used by Deutsche Bank today.

Individual evidence

  1. ↑ Jenaer Volksblatt of July 31, 1922.
  2. ↑ Klaus-Dieter Müller u. a. (Ed.): Death sentences of Soviet military tribunals against Germans (1944-1947). A historical-biographical study , Göttingen: Vandenhoeck and Ruprecht 2015, p. 346.

Secondary literature