Toggenburg Bank

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The Toggenburger Bank in Lichtensteig in 1863

The Toggenburg Bank is one of the predecessors of the former Union Bank of Switzerland and later UBS . After it was founded in 1863, the Toggenburger Bank merged with the bank in Winterthur in 1912 . The Swiss Bank Corporation was created from this merger .

history

10-franc note from the Toggenburger Bank in Lichtensteig
Announcement of the merger of the bank in Winterthur with the Toggenburger Bank to form the Swiss Bank Corporation in 1912
Blankette of a bond from the Toggenburger Bank

Toggenburger was founded in Lichtensteig in 1863 with an initial equity of 1.5 million Swiss francs.

The Toggenburger Bank was a bank for private customers from Eastern Switzerland . In 1882, the Toggenburger Bank opened a branch in St. Gallen and slowly began to move its business there.

The Swiss Bank Corporation was created in 1912 from the merger of the Toggenburger Bank with the bank in Winterthur. The resulting bank managed assets of around 202 million francs and had equity of 46 million francs. In the years to come, the bank began to move its center from St. Gallen and Winterthur to Zurich. In 1917 the new head office was opened on Zurich's Bahnhofstrasse .

The bank had several names because of the different national languages. In German-speaking Switzerland, the bank was called Swiss Bank Corporation (SBG). The English name for the Schweizerische Bankgesellschaft was Swiss Banking Association. However, this name was changed to Union Bank of Switzerland in 1921 to be closer to the French form Union de Banques Suisses.

Web links

Individual evidence

  1. ↑ a b c History of UBS . UBS website
  2. ↑ Handbook on the History of European Banks . Edward Elgar Publishing, 1994.
  3. ↑ UBS AG . Funding Universe, accessed August 10, 2010.

Coordinates: 47 ° 19 '25.2 "  N , 9 ° 5' 13.2"  E ; CH1903:  724 604  /  242731