Volksbank Ludwigsburg

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Logo of the cooperative banks  Volksbank Ludwigsburg eG
Country GermanyGermany Germany
Seat Ludwigsburg
legal form Registered cooperative
Bank code 604 901 50
BIC GENO DES1 LBG
Association Baden-Württemberg Cooperative Association
Website www.volksbank-ludwigsburg.de
Business data 2018
Total assets EUR 2,137.8 million
insoles 1,691.4 million euros
Customer credit EUR 1,149.2 million
Employee 330
Offices 21st
Members 82,301
management
Board Thomas Palus, chairman

Joachim Sandner, Deputy Pres.

Supervisory board Michael Kerker (Chairman)
List of cooperative banks in Germany

The Volksbank Ludwigsburg eG is a cooperative bank based in Ludwigsburg in Baden-Württemberg. Its business area includes the municipalities of Affalterbach , Benningen am Neckar , Bietigheim-Bissingen , Ditzingen , Eberdingen , Erdmannhausen , Freiberg am Neckar , Großbottwar , Hemmingen , Kornwestheim , Ludwigsburg, Marbach am Neckar , Murr , Sachsenheim , Steinheim an der Murr and Vaihingen / Enz .

construction

Volksbank Ludwigsburg is a registered cooperative. Your meeting of representatives elects the supervisory board, which appoints the management board. Michael Kerker heads the supervisory board. The Baden-Württemberg Cooperative Association acts as the regional auditing association .

Alignment

Volksbank Ludwigsburg eG operates a universal banking business with a branch structure. It has a total of 21 branches in its business area, in which private and business customers are advised, as well as two pure self-service locations. It also offers online banking and numerous digital services.

founding

In October 1847, members of the Ludwigsburg Trade and Commerce Association founded the “Localbank for Smaller Businesses” as the predecessor of Volksbank Ludwigsburg with a starting capital of 6,000 guilders paid in by the members. The master coppersmith and Ludwigsburg city councilor Friedrich Bührer senior was elected first chairman. The “Localbank” was founded as an association that offered “help for self-help” through credit exclusively for its members. The citizens and entrepreneurs wanted to strengthen Ludwigsburg's economic power: for economically aspiring citizens who had financial needs, for example to expand their workshops or buy machines, but did not receive any loans from the big banks and financiers of the time. After the new cooperative law came into force in August 1862, the “Localbank” was transformed into the new, now cooperative “Spar- und Advance Bank Ludwigsburg”. The founders were 27 members, with craftsmen and small businesses predominating. As early as September 1847, the new cooperative bank began its business activities at the corner of Wilhelmstrasse and Seestrasse.

Mergers

Volksbank Ludwigsburg was consolidated through mergers: a total of 24 cooperative institutions were merged into Volksbank Ludwigsburg - for example, Volksbank Ludwigsburg merged with Volksbank Poppenweiler and with the Hemmingen cooperative bank (both in 1973), then with the Oßweiler Bank (1987). Further mergers followed until 1999 with Volksbank Bietigheim-Vaihingen-Enz and the surrounding area, Neckarweihinger Bank, Volksbank Marbach, Raiffeisenbank Erdmannhausen and Kornwestheimer Bank.

literature

  • A bank as part of the city. 125 years of Volksbank Ludwigsburg . Brochure, 1987
  • Wolfgang Schmierer: From bold experiment to solid success. 125 years of Volksbank Ludwigsburg in the course of history . 1987

Web links

Individual evidence

  1. ↑ a b Master data of the credit institute at the Deutsche Bundesbank
  2. ↑ Annual financial statements as of December 31, 2018

Coordinates: 48 ° 53 '24.6 "  N , 9 ° 10' 51"  E