The smallest cooperative bank merges with a larger neighboring institute. One member of the board is retiring, the position remained vacant.
(Photo: Raiffeisenbank)
Frankfurt For a long time, Raiffeisenbank Struvenhütten was the smallest bank in Germany. From Saturday, the mini bank from Schleswig-Holstein, which has total assets of almost 21 million euros, will no longer be an independent bank, but only a branch.
Then the Raiffeisenbank Struvenhütten will merge with the neighboring and much larger Vereinigte VR Bank. The cooperative bank managed to remain independent for many decades – four people worked for it, two of them on the board.
According to the long-standing board member Heinz-Egon Behn, the decision was made with a heavy heart. “However, it is the only sensible solution for maintaining our bank’s location.” The 65-year-old is retiring, as was an employee a few weeks ago. This Thursday is Behn’s last work.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue