The Bankhaus Bauer AG is a German private bank headquartered in

Stuttgart Stuttgart (; Swabian: ; ) is the capital and largest city of the German state of Baden-Württemberg. It is located on the Neckar river in a fertile valley known as the ''Stuttgarter Kessel'' (Stuttgart Cauldron) and lies an hour from the ...

. The bank is a member of the Association of German Banks and its deposit protection fund as well as a member of ATM network

CashPool CashPool is a cooperation of a multitude of smaller or virtual German private banks, in which they mutually waive ATM usage fees for their customers. It is not an interbank network but uses the pre-existing German ATM or Maestro/Cirrus netw ...

Business areas

universal bank A universal bank participates in many kinds of banking activities and is both a commercial bank and an investment bank as well as providing other financial services such as insurance.World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposin ...

the business offices were destroyed in a bomb attack. At short notice the headquarter was moved to

Schwäbisch Gmünd Schwäbisch Gmünd (, until 1934: Gmünd; Swabian: ''Gmẽẽd'' or ''Gmend'') is a city in the eastern part of the German state of Baden-Württemberg. With a population of around 60,000, the city is the second largest in the Ostalb district a ...

in 1944. After the war finished the headquarter was moved back to Stuttgart in 1945. In 1986 the business was converted into the

joint-stock company A joint-stock company is a business entity in which shares of the company's capital stock, stock can be bought and sold by shareholders. Each shareholder owns company stock in proportion, evidenced by their share (finance), shares (certificates ...

''Bankhaus Bauer AG''. In 1992 the Schuppli-Gruppe in

Wiesbaden Wiesbaden () is a city in central western Germany and the capital of the state of Hesse. , it had 290,955 inhabitants, plus approximately 21,000 United States citizens (mostly associated with the United States Army). The Wiesbaden urban area ...

, the ''Hypothekenbank in Essen AG'' and the ''Hypothekenbank in Berlin AG'' joined the business. The shares of the Schuppli-Gruppe and the ''Hypothekenbank in Berlin AG'' were taken over by the

Commerzbank Commerzbank AG () is a major German bank operating as a universal bank, headquartered in Frankfurt am Main. In the 2019 financial year, the bank was the second largest in Germany by the total value of its balance sheet. Founded in 1870 in Hambur ...

AG in 1994, which then became majority shareholder of the ''Bankhaus Bauer AG''. In 2001 the Schuppli-Gruppe, which also owned the ''Düsseldorf Hypothekenbank AG'', again purchased the majority of the bank. Under executive board spokesman Wolfgang Kuhn the banks investment volume between 1997 and 2006 was increased to more than 700 million

Euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

s. In May 2006 Kuhn left the ''Bankhaus Bauer AG'' at his own request. In the light of the new Mortgage Bond Act the Schuppli-Gruppe merged its two subsidiaries '' Düsseldorfer Hypothekenbank AG'' and ''Bankhaus Bauer AG'' in 2006. The ''Bankhaus Bauer AG'' was added to ''Düsseldorfer Hypothekenbank AG'' and operated as its non-independent branch. In 2010 the Bankhaus Bauer AGs re-founding or

spin-off Spin-off may refer to: *Spin-off (media), a media work derived from an existing work *Corporate spin-off, a type of corporate action that forms a new company or entity * Government spin-off, civilian goods which are the result of military or gove ...

took place. Majority shareholder of the new business was the ''Raiffeisenbank Reutte reg.Gen.m.b.H.'' from the Austrian Reutte in Tirol. In March2015 the BB Beteiligungs GmbH in

Essen Essen (; Latin: ''Assindia'') is the central and, after Dortmund, second-largest city of the Ruhr, the largest urban area in Germany. Its population of makes it the fourth-largest city of North Rhine-Westphalia after Cologne, Düsseldorf and D ...

purchased the shares the ''Raiffeisenbank Reutte reg.Gen.m.b.H.'' had owned. The present businesses and client contacts are completely continued. Business strategies are supposed to be extended in the following years. Expansions in new business areas as well as new offers in the area of funding are planned. The first expansion looked at opening a new branch in Essen in January 2017 for which BHF-Bank-Manager André Weber was employed manage the private customer service in Essen.

Technology

The business is a member of the cooperative

data center A data center (American English) or data centre (British English)See spelling differences. is a building, a dedicated space within a building, or a group of buildings used to house computer systems and associated components, such as telecommunic ...

Fiducia & GAD IT AG Atruvia AG is the IT service provider of the German Cooperative Financial Group. The company based in Karlsruhe and Münster with further offices in Munich, Frankfurt and Berlin employs currently more than 4,600 staff (more than 6,700 including s ...

and uses its Core banking System their software agree.

References

External links

Official Website
{{Authority control Banks of Germany 1931 establishments in Germany Banks established in 1931 German companies established in 1931