Rheinische Creditbank
The Rheinische Creditbank based in Mannheim was founded in 1870 and was the largest bank in the state of Baden until the merger with Deutsche Bank in 1929 .
history
The Rheinische Creditbank was founded in 1870 by, among others, Kilian Steiner and Friedrich Reiss as a stock corporation and was the first major bank in the state of Baden. Your task was to provide larger loan amounts for the establishment of industrial companies. The first general assembly took place in Mannheim on June 15, 1870 and the company was entered in the commercial register on July 22, 1870 with a share capital of 18 million marks, of which 6 million were paid in. In 1871 a business building was erected in B4 instead of a baroque palace built in 1730. Shortly thereafter, the bank set up branches in the Baden cities of Freiburg , Konstanz , Karlsruhe and, in 1874, after taking over an insolvent private bank, in Heidelberg .
It was not until 1897 that the bank began to expand rapidly in Baden, Alsace and what was then the Bavarian Palatinate . The Rheinische Creditbank took over the Kaiserslauterer Bank in Kaiserslautern in 1898 . In the following year, several private banks in Bretten , Lahr , Offenburg and Strasbourg were taken over. In 1901 the takeover of the Mannheimer Bank in Mannheim followed.
On November 17, 1904, the Rheinische Creditbank merged with the Oberrheinische Bank in Mannheim, which at that time had a total of eight branches in Baden and Alsace. This merger increased the share capital of Rheinische Bank from 50 to 70 million marks.
When the realm of Alsace-Lorraine was annexed to France again in 1919, the Rheinische Creditbank had to sell its branches in Alsace. The sales proceeds were used to set up branches in Bretten , Kehl and Mühlacker and to take over smaller private banks and credit unions in Achern , Bühl , Ettlingen , Gernsbach , Karlsruhe-Mühlburg, Mannheim ( banking house HL Hohenemser & Söhne ) and Überlingen ( advance payment association eG ).
In the following years the expansion of the Rheinische Bank continued unabated and reached its climax in 1921 with the takeover of the Pfälzische Bank in Ludwigshafen . The Pfälzische Bank had an extensive branch network in Bavaria, in the Bavarian Palatinate and in southern Hesse , which doubled the branch network of the Rheinische Creditbank.
In 1929, the Deutsche Bank , the Disconto-Gesellschaft , the Rheinische Creditbank and the Schaaffhausen'sche Bankverein merged to form the Deutsche und Disconto-Bank ( DeDi-Bank ), which from 1937 was called Deutsche Bank.
Management (Board of Directors)
Members of the management of Rheinische Creditbank were from its foundation in 1870 to the merger in 1929:
- Carl Funck (banker) (1870-1897),
- Carl Eckhard (1870–1882),
- Louis Mayer (1871–1874),
- Wilhelm Brandes (1874–1876),
- Wilhelm Zeiler (1873–1910),
- Richard Brosien (1897–1913),
- Laurent Bögel (1898–1910),
- Isidor Haas (1898–1910),
- Otto Riedel (1905–1906),
- Otto Grunert (1907–1911),
- Carl Jahr (1910–1929),
- Fritz Nierhoff (1910–1923),
- Hans Vogelgesang (1910–1923),
- Josef Schayer (1911–1921),
- August Reiser (1911–1924) and
- Ludwig Janzer (1912–1928)
literature
- Manfred Pohl : Concentration in the German Banking System (1848–1980). Fritz Knapp publishing house, Frankfurt am Main 1982.
Individual evidence
- ↑ mannheim.de: Rheinische Credit Bank , Access 4 September 2011
- ↑ Morten Reitmayer: Bankers in the Empire - Social Profile and Habitus of German High Finance , Appendix 1: Board members, personally liable partners and owners of the banks of the Prussian Consortium, Rheinische Creditbank, founded in 1870, p. 397: [1] , accessed on February 7, 2018
Coordinates: 49 ° 29 ′ 12 " N , 8 ° 27 ′ 41.4" E