Bankhaus Lobbecke AG
is a German
private bank
that is headquartered in
Berlin
. The bank was founded in 1761 as a trading house in
Iserlohn
, settled in
Braunschweig
as early as 1763.
[2]
The bank was eventually acquired by the
Hamburg
private bank
M. M. Warburg & Co.
in 2016.
[3]
The bank concentrated on private customer business and asset management for financially strong clientele and companies. It also offered the administration and settlement of
non-performing loans
under trust and service agreements.
History of the bank
[
edit
]
In 1761 Johann Hermann (1727?1793) and Johann Melchior Lobbecke (1728?1783) founded the
Handelshaus Lobbecke
in Iserlohn. In 1763 the branch in Braunschweig,
An der Martinikirche 4
, was already founded, which handled the trading of
mercery
, costume jewelry and metal goods. In 1783 Johann Melchior's son, Carl Friedrich Lobbecke, became sole managing director.
Around 1800, the
trading company
also included cotton fabrics in its range and increasingly took over
exchange
and
transfer businesses
. In the middle of the 19th century, the pure banking house
Gebruder Lobbecke & Co.
was founded, in response to the growing capital requirements of the start of the
industrialization
.
The bank managed the private assets of the ruling
Duke Wilhelm
and served the upper classes of the region. It leased the Braunschweig State
Lottery
until 1911.
The family included Luise Lobbecke (1808?1892), who rendered outstanding services to the
welfare
system and in 1862 became the first woman to become an honorary citizen of the city of Braunschweig.
In 1880/81 the banker, Alfred Lobbecke, had the Braunschweig architect Constantin Uhde and the garden architect Friedrich Kreiß build a villa on
Inselwall
[4]
(
Lobbecke's Island
), which was destroyed in 1944 and after reconstruction from 1968 to 2008 housed the guest house of the
Technical University of Braunschweig
.
[5]
The building, which has since been vacant, was sold by the Braunschweig University Association to the Braunschweig
investor
Klaus Gattermann for €700,000 in 2009 and has been used commercially since 2011. The current bank building in Braunschweig was also erected by Uhde in 1892.
During the banking crisis in 1930, the bank was converted into a
limited partnership
in which
Braunschweigische Staatsbank
, a forerunner of today's
Norddeutsche Landesbank
, participated.
In May 1946, the then owner Rudolf Lobbecke, committed suicide. Despite recurring crises, the Lobbecke family was able to remain in management positions for six generations until 1983, when the
bankruptcy
of a local craftsman's business put the bank in a difficult position again and an important limited partner insisted on payment. The last personally liable partner was Carl-Friedrich Lobbecke.
In 1983,
Norddeutsche Landesbank
became the sole shareholder. It sold the bank in late 1983 to the Berlin banker Gunter Follmer and co-investors. In the following years the latter led the bank to a new heyday, whereby the balance sheet volume of the bank was increased from
DM
30 million in 1983 to DM 6.3 billion in 1995. In terms of size based on the
balance sheet
volume, the bank was therefore the second largest German private bank after the private bank
Sal. Oppenheim
. The growth initiated by the banker Follmer was accompanied by a comprehensive realignment and modernization, as well as a spatial expansion beyond the Braunschweig area to Berlin (headquarters),
Frankfurt
/Main,
Munich
,
Dresden
and
Magdeburg
. In 1989 the
Italian
CARIPLO
acquired the qualified majority.
[6]
Even before the German reunification, the bank opened a branch in
East Berlin
in 1990.
[2]
The surprising death of banker Follmer in 1995 marked the end of the bank's expansion phase. In parallel with the economic difficulties in the entire German banking industry, triggered among other things by the unsatisfactory economic development in the
new federal states
, but also by the consequences of its own strategic decisions, the bank underwent a period of reorientation with heavy losses from 1996 to at least 2000.
Recent past
[
edit
]
After several mergers and restructuring of the Italian parent company, which held the entire share capital since 1997, the bank became a wholly owned subsidiary of the Hamburg private bank M.M.Warburg & CO KGaA on 22 December 2003 and therefore had a fully private shareholder background again. According to the
Bundesanzeiger
of 12 July 2006,
Bankhaus Lobbecke GmbH & Co. KG
merged with
M.M. Warburg & Co Zweite Kapitalbeteiligungsgesellschaft mbH
and was simultaneously renamed Bankhaus Lobbecke AG.
[2]
This was merged in 2016 to form the parent company M.M.Warburg & CO. Today, Bankhaus Lobbecke operates as a branch of the
Hamburger Privatbank
.
[7]
The banks Berlin headquarters were most recently located in the Behren Palais, the former headquarters of
Dresdner Bank
and later the domicile of the
Staatsbank
,
[8]
at the same time also the capital representative office of M.M.Warburg & CO.
References
[
edit
]
External links
[
edit
]
52°30′57″N
13°23′37″E
/
52.515807°N 13.393628°E
/
52.515807; 13.393628