|Bayerische Vereinsbank AG|
|Reason for dissolution||fusion|
Initiated by Munich and Augsburg court bankers, members of the court aristocracy and bourgeois businessmen, it received the banking license on April 11, 1869 and opened its counter on July 1, 1869. It took over the customer base as well as the bank, including its staff and property at Prannerstraße 5 in Munich, from co-founder Christoph Robert von Froelich .
Two years later, it received permission for the land loan business and thus became a "mixed institute". In contrast to most banks, the Bayerische Vereinsbank was henceforth allowed to operate not only banking but also mortgage banking. In the early 1950s, the Bayerische Vereinsbank opened its first branches abroad. The merger with the Bayerische Staatsbank finally resulted in one of the largest banks in Germany. The Bayerische Vereinsbank also included the mortgage banks Bayerische Handelsbank AG, Süddeutsche Bodencreditbank AG and Nürnberger Hypothekenbank AG.
In 1971 the Vereinsbank took over the Bavarian State Bank from the Free State of Bavaria . The further expansion of the banking group was accelerated in 1978 through the merger with the Röchling bank (Saarbrücken) and in 1991 with the Simonbank (Düsseldorf).
In 1998 the Bayerische Vereinsbank merged with the Bayerische Hypotheken- und Wechselbank by taking over the majority of shares to form Bayerische Hypo- und Vereinsbank AG, or HypoVereinsbank for short. Bayerische Hypotheken- und Wechselbank entered into this merger with a heavy mortgage because it had considerable legacy issues, in particular from the granting of real estate loans in the new federal states. But after the merger, Bayerische Vereinsbank also had to admit that it had significant risks from real estate loans and other credit risks on its books.
Speaker of the board
- 1869–1873: Andreas Siegel
- 1873–1897: Friedrich Volz
- 1898–1907: Joseph Pütz
- 1908–1928: Adolf Pöhlmann
- 1929–1937: Hans Christian Dietrich
- 1938–1956: Karl Butzengeiger
- 1956–1959: Wilhelm Biber
- 1959–1968: Hans Christoph Freiherr Tucher von Simmelsdorf
- 1968–1975: Werner Premauer
- 1975–1990: Maximilian Hackl
- 1990–1998: Albrecht Schmidt
- Albrecht Schmidt: The development of a banking strategy. The example of the Vereinsbank . In: Schmalenbach's magazine for business research 47 (1995) 7/8, pp. 744-757.
- Franz Steffan: Bayerische Vereinsbank 1869–1969. A regional bank through a century ; Würzburg: H. Stürtz 1969.