The Rheini Creditbank with seat in Mannheim was created 1870 and was up to 1929 the carried out fusion with the German bank the largest bank in the country bathing.

History

The Rheini Creditbank based in the year 1870 among other things by Kilian Steiner and Friedrich tear as corporation and was the first major bank in the country bathing. Their task consisted of placing larger credit sums for the new installation from industrial companies to the order. On 15 June 1870 the first general assembly took place and the society on 22 July 1870 with a capital stock by 18 million Marks, by which 6 million were deposited, into the trade register was registered in Mannheim. The bank established shortly thereafter branches in the large cities of Baden Freiburg, Konstanz, Karlsruhe and 1874 after assumption of an insolvent private bank house also in Heidelberg.

Only at 1897 the rapid expansion of the bank in bathing, in the Elsass began and in the then Bavarian Pfalz. The Rheini Creditbank transferred 1898 those emperor-louder bank to Kaiserslautern. In the following year directly several private banks were transferred to Bretten, Lahr, open castle and Strasbourg. In the year 1901 the assumption of the Mannheimer bank in Mannheim followed.

On 17 November 1904 it came to the fusion of the Rheini Creditbank with the bank of the Upper Rhine into Mannheim, which at that time possessed eight branches in bathing and in the Elsass altogether. By this fusion increased the capital stock of the Rheini bank of 50 to 70 million Marks.

When Elsass Lorraine was attached again in the year 1919 at France, the Rheini Creditbank had to sell their branches in the Elsass. With taken proceeds of sale branches in Bretten, Kehl and were furnished as well as smaller private banks and credit cooperatives to Achern, Ettlingen, Gernsbach, Karlsruhe Mannheim (banking house H.L. Hohenemser & sons) and (loan association EEC) were transferred.

In the following years the expansion of the Rheini bank continued without reduction and reached 1921 with the assumption of the bank in Ludwigshafen their high point. The bank possessed an expanded branch network in Bavaria, in the Bavarian Pfalz and in the southern Hessen, whereby the branch network of the Rheini Creditbank doubled itself.

In the year 1929 closed Deutsche Bank, which Disconto society, which Rheini Creditbank and the Schaaffhausen' bank association to the German and Disconto bank (DeDi bank) together, which starting from 1937 only Deutsche Bank called itself.

Literature

• Manfred Pohl: Concentration in the German banking (1848-1980). Publishing house Fritz scarce, Frankfurt/Main 1982.

Articles in category "Rheini Creditbank"

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