Английская Википедия:Frankfurter Bank
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The Frankfurter Bank was a German bank founded in 1854 in Frankfurt, which issued its own banknotes until 1901. On Шаблон:Date, it merged with the Berliner Handels-Gesellschaft to form Шаблон:Lang, generally referred to as BHF Bank until 2007 and since then as ODDO BHF.[1]
Overview
The Frankfurter Bank was founded in 1854 to serve as a central bank for the then-autonomous Free City of Frankfurt, realizing a project that had long been under discussion but was accelerated by the nearby establishment of the Darmstädter Bank the previous year.[2] The bank was sponsored by local banking houses including M. A. Rothschild & Söhne, Bethmann Bank, and Шаблон:Ill, and authorized by the Frankfurt municipal council; the initial share subscription was oversubscribed 16 times, above all expectations.[3] Its first general manager was Шаблон:Ill. The bank issued banknotes denominated in Guilders (Шаблон:Lang-de), by then the monetary standard in the South German area of which Frankfurt was part. Together with the Bank of Bremen, it was viewed as more independent than most other note-issuing banks in Germany, which were generally under direct government control even when they were not government-owned.[4]Шаблон:Rp
The Frankfurter Bank's money did not have legal tender status but enjoyed solid reputation and was accepted beyond the boundaries of the city-state, even after the latter came to an end in 1866. In 1885, the sentence "The Frankfurter Bank in Frankfurt-am-Main has always had a particularly respected position in the commercial world" (Шаблон:Lang-de) was included in the Meyers Konversations-Lexikon phrasebook.[2] The Frankfurter Bank was allowed to keep issuing banknotes until 1901, even though this activity had become marginal following the establishment of the Reichsbank in 1875; the banknotes were finally withdrawn on Шаблон:Date.[3]
The Frankfurter Bank was originally located at Шаблон:Lang 2 in Frankfurt's historic city center.[5] In the late 19th century, it erected a palatial head office at Neue Mainzerstrasse 69, designed by architect Шаблон:Ill.[6] That building was destroyed during World War II, then rebuilt in the 1950s on a streamlined monumental design. It was eventually demolished to make way for the Шаблон:Ill skyscraper, erected in the early 1980s.[5]
In 1925, the State Bank of Prussia took a 10 percent equity stake in the Frankfurter Bank.[3] In 1946, on the joint initiative of surviving board member Hans Heinrich Hauck and former Reichs-Kredit-Gesellschaft (RKG) board member Hermann Jannsen, the bank was reorganized as a credit institution, and in the following years the Frankfurter Bank's management increasingly included former executives of the defunct RKG.[5] In 1962, the bank opened its first branch outside of Frankfurt.[3] It eventually merged with Berliner Handels-Gesellschaft, which after 1945 had also relocated to Frankfurt.[7]
See also
References
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