Rotterdamsche Bank
| Formerly | Rotterdamsche Bankvereeniging (1911–1947) |
|---|---|
| Company type | Bank |
| Industry | Banking, financial services |
| Founded | 16 May 1863 |
| Defunct | 1964 |
| Fate | Merged with Amsterdamsche Bank |
| Successor | AMRO Bank |
| Headquarters | Rotterdam, Netherlands |
Area served | Netherlands |
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]
Overview
[edit | edit source]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, 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 ("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]
Gallery
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Pre-World War II Rotterdamsche Bank head office on the Boompjes waterfront thoroughfare, ca. 1905
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Branch on Rokin in Amsterdam, 1979 (demolished since then)
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Former branch building at Kneuterdijk 8, The Hague
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The Rotterdamsche Bank building on Coolsingel constructed in 1941
See also
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References
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