About Commerzbank AG
In 1870 a number of merchants, merchant bankers and private bankers founded the Commerz- und Disconto-Bank in Hamburg. As of around 1900, its business focussed increasingly on Berlin. It became one of the country’s leading big banks with an extensive branch network.
Milestones along the way include the merger in 1920 with the Mitteldeutsche Privat-Bank, a regional bank based in Magdeburg, and in 1929 with the Mitteldeutsche Creditbank based in Frankfurt am Main. In the wake of the crisis in the banking sector, the government ordered the merger in early 1932 of Commerzbank with the Barmer Bank-Verein Hinsberg, Fischer & Co. in Düsseldorf. In 1940, the name Commerzbank Aktiengesellschaft, by which the bank was generally known, was officially adopted… Continue reading about Commerzbank AG here.
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