L. Pfeiffer banking house
The L. Pfeiffer bank was a credit institute based in Kassel and merged with Deutsche Bank in 1930 .
The bank was founded in Kassel in 1848 by Louis Pfeiffer and was soon the leading credit institute in Kassel. At the beginning of the 1870s, Louis Pfeiffer's sons, August Ludwig Pfeiffer and Carl Pfeiffer, joined the company as partners. After the death of Louis and August Ludwig in 1892, Carl Pfeiffer became sole director.
The banking house flourished during this time. In addition to the head office in Kassel, deposit kiosks were opened in Fulda (1909), Hersfeld and Wildungen as well as agencies in Allendorf , Bebra , Großalmerode and Hünfeld . After Carl Pfeiffer's death in 1912, his nephew Karl Ludwig Pfeiffer took over management of the company.
After the First World War , the German banks were under pressure that threatened their very existence. Although the bank survived the hyperinflation in 1923 , it had to be taken over by Deutsche Bank during the Great Depression in 1930. The bank was converted into the Kassel and Fulda branch of Deutsche Bank. Karl Ludwig Pfeiffer managed the Kassel branch until 1934.
