Rotterdamsche Bank

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Rotterdamsche Bank
FormerlyRotterdamsche Bankvereeniging (1911–1947)
Company typeBank
IndustryBanking, financial services
Founded16 May 1863
Defunct1964
FateMerged with Amsterdamsche Bank
Successor AMRO Bank
Headquarters Rotterdam, Netherlands
Area served
Netherlands
Former head office (nl) of the Rotterdamsche Bank on Coolsingel, Rotterdam, built 1941-1949 Forum Rotterdam - Rotterdamsche Bank 2022 01.jpg
Former head office  ( nl ) of the Rotterdamsche Bank on Coolsingel, Rotterdam, built 1941-1949

The Rotterdamsche Bank, known from 1911 to 1947 as Rotterdamsche Bankvereeniging or Robaver, [1] was a significant bank in the Netherlands, founded in 1863. In 1964, it merged with Amsterdamsche Bank to form AMRO Bank (for AMsterdamsche & ROtterdamsche). [2]

Contents

Overview

The Rotterdamsche Bank was established on 16 May 1863 by a group of businessmen and bankers, who took inspiration from the British Colonial Bank and aimed at financing trade and investment in the Dutch East Indies. After a difficult start, however, the bank soon focused on domestic business. [3]

Between 1911 and 1947, it was known as the Union Bank of Rotterdam (Dutch : Rotterdamsche Bank Vereeniging, abbreviated as Robaver), following its 1911 acquisition of Rotterdam competitor Deposito- en Administratie Bank (est. 1900) and soon afterwards of Amsterdam brokers Determeijer Weslingh & Zn. (est. 1765). Under the leadership of its ambitious managing director, Willem Westerman  ( nl ), it acquired several local banks. [4] Still, it became overextended and had to be restructured under the aegis of De Nederlandsche Bank in the mid-1920s. In 1928, it created the Vrouwenbank  ( nl ) ("Women's Bank"), a bank targeted at a female customer base that lasted until 1971. [4]

In 1960, Rotterdamsche Bank acquired Nationale Handelsbank, a major former colonial bank known until 1950 as the Dutch-Indian Trade Bank (Dutch : Nederlandsch-Indische Handelsbank, NIHB; est. 1863). [3]

See also

References

  1. 1 2 "Rotterdamsche Bank". Post-war reconstruction Community Rotterdam.
  2. ↑ "Bigness Sought by Dutch Banks; Merger of 4 Units Into Two Aimed at Competition". New York Times. 6 July 1964.
  3. 1 2 ABN AMRO Historisch Archief, Rotterdamsche Bank, 1863-1964 (PDF)
  4. 1 2 "Our History". ABN Amro.
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