Ostfriesische Volksbank

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Logo of the cooperative banks  Ostfriesische Volksbank eG
Country GermanyGermany Germany
Seat Mühlenstrasse 6-12
26789 Leer
legal form registered cooperative
Bank code 285 900 75
BIC GENO DEF1 LER
founding March 19, 1869
Association Genossenschaftsverband Weser-Ems eV
Website www.ostfriesische-volksbank.de
Business data 2019
Total assets 2,377 million euros
insoles 1,473 million euros
Customer credit 1,767 million euros
Employee 313
Offices 22nd
Members 27,168
management
Board Holger Franz (Chairman)
Georg Alder
Joachim Fecht
Supervisory board Folkmar Ukena (Chairman)
List of cooperative banks in Germany

The East Frisian Volksbank eG is a German cooperative bank based in Leer in East Frisia . Its business area includes parts of the district of Leer , the city ​​of Emden , the Krummhörn , the northern Emsland and the Kehdinger Land on the Lower Elbe in the northern district of Stade . The Bank für Schiffahrt, which belongs to the bank, also has branches in Hanover and Duisburg .

history

Today's Ostfriesische Volksbank eG emerged from a series of mergers . The beginnings of the cooperative bank go back to the Leerer Genossenschafts-Bank in 1869. It was renamed Ostfriesische Volksbank eG in 1939. In 1968 it merged with Volksbank Haren and three years later with Volksbank Papenburg . In 1991 the merger with the Bank für Schiffahrt took place (see section Bank für Schiffahrt (BfS) ). In 2000 the merger with Raiffeisen-Volksbank Emden- Pewsum followed and in 2001 with Raiffeisenbank Ihrhove .

Volksbank Kehdingen branch in Drochtersen

Merger with Volksbank Kehdingen

In 2013 it became known that Ostfriesische Volksbank eG intends to take over Volksbank Kehdingen eG in Drochtersen, around 200 km away in Kehdinger Land on the Lower Elbe. This merger of two distant and regionally active Volksbanks, which is absolutely unusual in the area of ​​cooperative banks, met with criticism from both the members of the banks and the population. The comparatively small Volksbank Kehdingen (total assets 2012: 244 million euros) was heavily involved in shipping finance and got into difficulties due to the crisis in this industry. The Ostfriesische Volksbank eG, which is also heavily involved in shipping finance, but much larger, offered itself to Volksbank Kehdingen eG as a merger partner.

After a merger with the neighboring Volksbank Stade-Cuxhaven was initially favored in the membership of Volksbank Kehdingen eG, a majority in favor of a merger with Ostfriesische Volksbank eG came about at the meeting of representatives on May 7, 2014. With the entry of the merger in the cooperative register, the merger was completed in early July 2014. The eight branches of the former Volksbank Kehdingen eG have since been continued as a branch under the name Volksbank Kehdingen, a branch of Ostfriesische Volksbank eG . A five-year guarantee has been agreed for the branches.

Bank for Shipping (BfS)

Logo of the cooperative banks  Bank für Schiffahrt (BfS)
Branch of the Ostfriesische Volksbank eG
Bank for shipping in Hanover, Hindenburgstrasse 5
Bank for shipping in Hanover, Hindenburgstrasse 5
Country GermanyGermany Germany
Seat Hanover
legal form Branch of the Ostfriesische Volksbank eG
Bank code 250 903 00
BIC GENO DEF1 FSO
founding May 16, 1911
Website www.ostfriesische-volksbank.de/schifffahrt
Business dataTemplate: Infobox credit institute / maintenance / data out of dateTemplate: Infobox credit institute / maintenance / year missing
Offices 2
management
Corporate management

by the board of directors of Ostfriesische Volksbank eG

List of cooperative banks in Germany

The Bank für Schiffahrt (BfS) is an independent branch of Ostfriesische Volksbank eG with locations in Hanover and Duisburg . Contrary to the reformed German spelling , the proper name “Bank für Schiffahrt” continues to be written with only two fs.

The Bank für Schiffahrt was founded on May 16, 1911 as the “Landsberger Savings and Advances Association for Inland Shipping eGmbH” in Landsberg an der Warthe, today's Gorzów Wielkopolski in Poland . The foundation allowed the organized herein boatmen - independent shipowners up to three barges with - in or river basin to achieve the first time a financial basis for the conduct of their businesses.

After the Second World War , the bank was re-established on June 20, 1948 under the name “Spar- und vorussbank für Binnenschiffahrt eGmbH” and the head office was relocated to Hanover. In 1954 and 1955, branches were opened in Berlin and Hamburg . During this time the bank changed its name to “Bank für Binnenschiffahrt eGmbH”. Further branches followed in Herne , Datteln , Ludwigshafen am Rhein , Duisburg-Ruhrort and Mannheim .

In 1968 the company name was changed to "Bank für Schiffahrt, Handel und Gewerbe eG". In the 1980s and 1990s, the branch structure of the bank was streamlined and concentrated on the main office in Hanover and the branches in Berlin and Duisburg-Ruhrort.

On July 1, 1991, the merger with Ostfriesische Volksbank eG in Leer was carried out. Among other things, this was made necessary by changes in capital requirements for banks. Since then, the Bank für Schiffahrt has continued to operate as a branch of Ostfriesische Volksbank eG under the name "Bank für Schiffahrt (BfS) Niederlassung der Ostfriesische Volksbank eG". Today the Bank für Schiffahrt has one location each in Hanover and Duisburg-Ruhrort.

Web links

Commons : Ostfriesische Volksbank  - Collection of pictures, videos and audio files

Individual evidence

  1. a b Master data of the credit institute at the Deutsche Bundesbank
  2. Numbers and facts 2019
  3. Article in the weekly Drochtersen from January 31, 2014 , accessed on July 9, 2014
  4. Article in the weekly Drochtersen from May 2, 2014 , accessed on July 9, 2014
  5. Article in the weekly Drochtersen from May 9, 2014 , accessed on July 9, 2014
  6. a b Master data of the credit institute at the Deutsche Bundesbank
  7. ^ History of the BfS on the website of Ostfriesische Volksbank eG

Coordinates: 53 ° 13 ′ 45 "  N , 7 ° 27 ′ 9"  E