Oldenburgische Landesbank AG ( OLB ) is a private financial institution from north-west Germany that serves its customers under the two renowned brands OLB Bank and Bankhaus Neelmeyer throughout Germany and in selected neighbouring European countries. Its headquarters are in Oldenburg .
46-576: OLB was founded in 1869 by the Frankfurt-based bank Erlanger & Söhne with the privilege of issuing banknotes. Their first director was Lorenz Zuckermandel . Today, the universal bank is partner for its clients in two strategic business segments: Private & Business Customers including high-net-worth customers in the field of Wealth Management, and Corporates & Diversified Lending including for instance Corporate Finance, Commercial Real Estate, Acquisition Finance and Football Finance. OLB maintains
92-512: A Bavarian among Bavarians, he had an excellent rapport with Flossmann, the former owner of the villa, and undertook many mountain tours with him. Each year, the family spent the summer months in Rottach at Tegernsee . In 1908 or 1909, the family moved from Voss Straße 2 to the newly acquired Palais Bendlerstraße 33 in the immediate vicinity of the Tiergarten. At 60 years of age, Lorenz Zuckermandel
138-555: A decision by the Soldaten- und Kriegerkameradschaft Bürglein (Bürglein's soldier and warrior fellowship) to plant an oak tree alley in Böllingsdorf , one oak tree for every one of the fallen soldiers. The trees still stand there to this day behind the hall of honour, which was later on erected. His son Paul became an operetta tenor and lived with his wife in the family guesthouse on his mother's estate at Tegernsee for many years. Ludwig
184-643: A director of the newly founded Oldenburgische Landesbank , which was founded in collaboration with the Erlanger & Söhne bank on 15 January 1869. According to the Reichsbankengesetz ( Reichsbank Act) enacted by Prussia in 1875, the Oldenburgische Landesbank had the right to issue bank notes. However, in spite of the limitations that this entailed, it has been in the credit, deposits, and securities business since its founding. Lorenz Zuckermandel
230-504: A family friend, a forester, and moved to the forester's residence in Ansbach, where he attended secondary school. Here, too, he was best in class and received the city's award for best academic performance. After completing school with outstanding grades, he embarked on an apprenticeship at the Erlanger & Söhne bank in Frankfurt. Soon after completing his apprenticeship, he was appointed as
276-539: A large part of his capital due to the inflation that had been accelerating since 1914. He mainly held his assets in shares and failed to switch to stable securities timely. After the death of both of his oldest sons Walter and Erich (both perished or went missing during the Lake Naroch Offensive during World War I on 1 October 1915), he went into retirement and devoted himself to his translations, mainly his Dante translation. Living of his private means, he used
322-454: A long-established private bank in Berlin. By virtue of his success during Germany's years of rapid industrial expansion, as a leading figure of the financial establishment Lorenz Zuckermandel was part of the bourgeoisie . Befitting their social status, the young married couple – together with their coachman , cook, nannies , laundress and dressmaker – resided in a luxurious villa with park in
368-463: A member of the financial establishment, he remained reserved and kept a certain distance from the bourgeoisie society, not letting it become second nature. He always stayed true to himself, unimpressed by the glamour of the military and the bourgeoisie at the time, which he addressed with a touch of humour. His family held him in high esteem and referred to him as "Lorenzo". Family records reveal that his sociable nature allowed him to make friends – from
414-499: A partnership limited by shares – passed away at the age of 81. With him yet another old-school personality of the financial establishment disappears, a man with an elegant disposition and most obliging kindness, who put his eminent skills particularly at the service of the industry. For many years, he was a member of the supervisory board of a large number of the most important industrial companies, until he retired from his business life after he had lost both of his promising older sons in
460-409: A total of 14,000 Reichsmarks from 1912 to 1919. Since the citizens of Bürglein could not agree on the construction of a water pipe, the money donated lost all of its value due to the inflation that was setting in (in 1924, 1 billion was worth 1 goldmark). In accordance with a declaration of intent by Lorenz Zuckermandel dated 8 August 1917, a relief fund for the poor was founded as an annex to
506-520: A wide network of locations, which focuses on the northwestern part of Germany, known as Weser-Ems (comprising Osnabrück Land , Emsland , County of Bentheim , East Frisia , Ammerland , Friesland , Oldenburg (Oldenburg) , and Oldenburg Münsterland ), as well as Bremen (since 1 July 2009). Its first branch in North Rhine-Westphalia opened 7 November 2011 in Rheine , yet has been closed again in
SECTION 10
#1733086258650552-533: The C. Schlesinger-Trier & Cie. bank and the German National Bank were involved. He carried part of the responsibility for their initial public offering in the 1910s. As a token of appreciation, Sir Thomas George Shaughnessy (1853–1923) CPR's former president, invited Lorenz in 1913 on a weeks long trip to Canada. Due to the indisposition of his wife Elisabeth, Lorenz made the trip in the company of his son Walter and of F. I. Warschauer as representative of
598-479: The Heding’schen Gedächtnis- und Armenstiftung (Heding’sche memorial and poverty foundation) on condition that the interest yielded by the 4,000 Reichsmarks donation would be distributed among the needy in the community of Bürglein on a yearly basis. Having a great appreciation for the arts, Lorenz began to amass a considerable collection of paintings long before the young Zuckermandel couple moved into
644-458: The Soldaten- und Kriegerkameradschaft Bürglein ( Bürglein 's soldier and warrior fellowship) held on 1 January 1920, a decision was made to erect a memorial for the fallen and missing soldiers of World War I . The commemorative plaque also bears the names of both of his oldest sons, Walter and Erich Zuckermandel. Lorenz Zuckermandel also did a lot for Bürglein's water supply system , for which he donated considerable sums on multiple occasions –
690-543: The Stadtbahnen Stettin and the Schmalspur-Zahnradbahn der Achenseebahn . The latter was inaugurated in 1889, with Lorenz as a member of the supervisory board. Lorenz Zuckermandel's translation of Émile Mâle 's work L'Art Religieux du XIIIe Siècle en France was published in 1907. In 1909, he translated Rudyard Kipling 's Moti Guj – Mutineer and dedicated it to his then 10-year-old son Ludwig, with
736-583: The Nationalbank. During this trip they met, among others, Vincent Meredith , Director of the Bank of Montreal , and Richard B. Angus , one of the founding fathers of CPR, who was 84 years old at the time. Furthermore, Zuckermandel's financial participations or his involvement in the founding of many other railway companies are documented, e.g., the Berlin-Dresdener Eisenbahn-Gesellschaft,
782-494: The Oldenburgische Landesbank, Lorenz Zuckermandel had connections to the most powerful men in commerce and industry. He successfully became a wealthy man through share purchases and speculative deals during Germany's industrialisation, which was in full swing. In the early 1880s, Lorenz Zuckermandel and two of his business associates took over the bank C. Schlesinger-Trier & Cie. , a partnership limited by shares and
828-555: The background as an intermediary, his activities as a banker are difficult to trace. It is known that, among other things, he exercised a supervisory board mandate in the Erlangen Brewery Corporation, which emerged from Erlanger Reifbräu in 1896. Lorenz Zuckermandel also had dealings with various small and large railway enterprises. One of them was the Canadian Pacific Railway Company (CPR), in which
874-746: The branch manager of the Köster & Cie bank from Mannheim . Besides their professional activities, their interest in foreign languages saw them become close. In 1890, Lorenz met Robert's niece Elisabeth at the parental home at Gockelsmarkt in Mannheim . Elisabeth's brother was Albert Bassermann , who later became a famous actor. On 18 June 1892 and at 45 years of age, Lorenz married Elisabeth Bassermann – 18 years his junior – with whom he had six children: Louis Alexander Walter (1893–1915), Erich (1895–1915), Paul (1897–1988), Ludwig (1898–1973), Ingeborg Anna Leonore (1901–1986) and Sofi Elisabeth (1903–1999). As director of
920-605: The field of Wealth Management, and Corporates & Diversified Lending including for instance Corporate Finance, Commercial Real Estate, Acquisition Finance and Football Finance. OLB maintains a wide network of locations, which focuses on the northwestern part of Germany, known as Weser-Ems (comprising Osnabrück Land , Emsland , County of Bentheim , East Frisia , Ammerland , Friesland , Oldenburg (Oldenburg) , and Oldenburg Münsterland ), as well as Bremen (since 1 July 2009). Its first branch in North Rhine-Westphalia opened 7 November 2011 in Rheine , yet has been closed again in
966-458: The following in a 1910 travelogue: “Lorenzo went to great lengths to take care of everything in advance; one feels safe in his company. An homme de vie who knows – or correctly assumes – everything.” Both of Lorenz Zuckermandel's oldest sons, Walter and Erich, fell at Lake Narocz in Russia on 1 October 1915. In 1920 they were honoured, together with other soldiers who fell during the war, following
SECTION 20
#17330862586501012-473: The former territory of the Bavarian Cistercian monastery of Heilsbronn , where the family had settled since 1777. Lorenz was the fifth of six children and attended the village school, where he academically excelled. When he was 14 years old, his father passed away at the age of 57, and the widow was no longer able to take care of all her children. She had to give away her son Lorenz. He was taken in by
1058-418: The humblest to the highest educated people – wherever he was. His outstanding intelligence, his broad knowledge, coupled with profound wisdom, kindness and humour, made him an amiable man. His diligence and willingness to take risks made him a successful businessman. He had an eye for all things beautiful, a deep love for nature and was attracted by the great wide world. His brother-in-law, Adolf Bassermann, wrote
1104-559: The majority shareholder, Lorenz Zuckermandel was appointed as the company's first chairman of the supervisory board , while Thuringian engineer Heinrich Ehrhardt was elected deputy chairman of the board and company manager. For many years, this bank was a pivotal shareholder of Rheinmetall , and although it reduced its share over time, it remained an influential shareholder at the general meetings of shareholders. In April 1897, Lorenz Zuckermandel resigned as chairman of Rheinmetall 's supervisory board , but remained an ordinary member of
1150-524: The material occupying the billiard table in the study room for many years. Through his wife's family, Lorenz Zuckermandel knew Alfred Bassermann (1855–1935), another Dante translator, whose literary legacy can be found in the library of the University of Freiburg im Breisgau , including Zuckermandel's Dante translations. Despite his meteoric career, Lorenz Zuckermandel maintained ties to his home village of Bürglein , which he visited until 1919 and where he
1196-624: The meantime. Currently, OLB operates 40 branches in north-west Germany, including 16 competence centres serving as anchor points for personal customer relationship management and regional advisory services, plus about 40 worksite-branches throughout Germany following the merger of Degussa Bank. In addition, the Bank operates a few dozen self-service branches in Germany. The bank bundled its advisory services at larger locations, which led to smaller branches being closed or converted to self-service branches, while at
1242-526: The meantime. Currently, OLB operates 40 branches in north-west Germany, including 16 competence centres serving as anchor points for personal customer relationship management and regional advisory services, plus about 40 worksite-branches throughout Germany following the merger of Degussa Bank. In addition, the Bank operates a few dozen self-service branches in Germany. The bank bundled its advisory services at larger locations, which led to smaller branches being closed or converted to self-service branches, while at
1288-549: The name has its origins in the Middle Ages and means "highwayman", i.e. someone who purloins a coat (the German is composed of "zuck" as in take and "mantel" for coat). Nowadays, the name "Zuckermantel" is often used as a German place name in the present-day Czech Republic . Oldenburgische Landesbank Oldenburgische Landesbank AG ( OLB ) is a private financial institution from north-west Germany that serves its customers under
1334-514: The official closing on April 30, 2024, OLB became the new owner of Degussa Bank and merged Degussa Bank into OLB at the end of August 2024. OLB’s shares are largely held by shareholders associated with Teacher Retirement System of Texas, the private equity firm Apollo . and Grovepoint Investment Management. This German bank or insurance-related article is a stub . You can help Misplaced Pages by expanding it . Lorenz Zuckermandel Lorenz Zuckermandel (18 February 1847 – 6 January 1928)
1380-483: The other hand also a co-founder of renowned companies, such as the Rheinische Metallwaaren- und Maschinenfabrik Corporation (which later became Rheinmetall ), certified by notary on 13 April 1889. Of the total share capital of 700,000 Reichsmark , the C. Schlesinger-Trier & Cie. bank held a participation of 224,000 Reichsmark , which, at 32%, constituted the largest portion of share capital. Representing
1426-583: The publishing house of J. H. Ed. Heitz in Straßburg . The manuscript of Zuckermandel's Dante translations has not been preserved, nor has the correspondence related to his Dante research (among others with the then president of the Deutsche Dante-Gesellschaft (German Dante Society), Hugo Daffner ). For the purpose of these translations, a veritable Dante library was set up in Bendlerstrasse 33,
Oldenburgische Landesbank - Misplaced Pages Continue
1472-558: The same time OLB is also continuing to expand its business across Germany via digital channels, platforms and partners. On 23 June 2017, Bremer Kreditbank AG acquired a majority stake in OLB from Allianz . The parent company Bremer Kreditbank was merged with OLB in 2018. In addition, Wüstenrot Bank was acquired by Wüstenrot & Württembergische in 2018. This was followed by the signing of an agreement to purchase Degussa Bank in September 2022. With
1518-459: The same time OLB is also continuing to expand its business across Germany via digital channels, platforms and partners. On 23 June 2017, Bremer Kreditbank AG acquired a majority stake in OLB from Allianz . The parent company Bremer Kreditbank was merged with OLB in 2018. In addition, Wüstenrot Bank was acquired by Wüstenrot & Württembergische in 2018. This was followed by the signing of an agreement to purchase Degussa Bank in September 2022. With
1564-486: The supervisory body until he ultimately retired on 16 November 1919 The archives reveal that Zuckermandel held a modest share participation as late as 1916. Through their stake in Rheinmetall , C. Schlesinger-Trier & Cie. bank also had the opportunity to finance lucrative arms deals. Since Lorenz Zuckermandel always acted in the name and for the account of the C. Schlesinger-Trier & Cie. bank, keeping himself in
1610-433: The then Berlin suburb of Charlottenburg , with many social commitments. Every evening, they were either the hosts or the guests. In October 1893, they moved into a newly rented city apartment at Voss Straße 2 in an extensive area on the first floor, only a few houses away from the bank. After spending the winter in the city, the family moved to Charlottenburg every spring. In the years following 1900, tenements arose around
1656-434: The time to undertake extensive voyages to Spain, Canada, Brazil, Mexico, and Venezuela , some of which he undertook alone. On 6 January 1928 Lorenz Zuckermandel died of bronchitis close to his 81st birthday. The following appeared in the obituary section of a Berlin newspaper from 7 January 1928: "Last evening, after a short illness, banker Lorenz Zuckermandel – former business owner of C. Schlesinger-Trier & Cie. ,
1702-536: The two renowned brands OLB Bank and Bankhaus Neelmeyer throughout Germany and in selected neighbouring European countries. Its headquarters are in Oldenburg . OLB was founded in 1869 by the Frankfurt-based bank Erlanger & Söhne with the privilege of issuing banknotes. Their first director was Lorenz Zuckermandel . Today, the universal bank is partner for its clients in two strategic business segments: Private & Business Customers including high-net-worth customers in
1748-614: The villa in Charlottenburg. It contained prestigious works from the Renaissance period right through to contemporary painters. Some of these paintings – together with other sculptures, antiques , ceramics , bronzes , furniture and fixtures – were sold at an auction of Lorenz Zuckermandel's estate at the Hugo Helbing galerie in Munich on 5–6 June 1930. Despite his privileged position as
1794-454: The villa's park in Charlottenburg, and from 1907 to 1908, Lorenz Zuckermandel built a tenement – now protected under law as a historical monument – on one part of the property between Schlossstraße and Fritschestraße. The villa in Charlottenburg was torn down in 1906/07 and replaced in 1908 by the Flossmann villa in Rottach at Tegernsee , including surrounding meadows and a small forest. As
1840-472: The war. This unique man will be remembered by anyone who crossed his path." The family fortune was almost completely lost during the Great Depression and in the time after 1945. As a partner of the C. Schlesinger-Trier & Cie. bank – which at the time was one of the well over 1,000 private banks in Germany – Lorenz Zuckermandel on the one hand was an investor due to his share participation, and on
1886-451: The wish that his son would soon be able to read the original himself (unpublished). Lorenz Zuckermandel, however, is best known for his translations of Dante Alighieri 's Divine Comedy , which he started in 1912. Dantes Paradies was published in 1914 and in 1922 in a newly revised edition. Dantes Hölle was published in 1916 and in 1925 in a newly revised edition. Dantes Purgatorium was published in 1920. All editions were published by
Oldenburgische Landesbank - Misplaced Pages Continue
1932-571: Was a German banker, investor, founder , and translator; among other things, of Dante Alighieri 's Divine Comedy . Born the son of a poor farmer in Bürglein , located in the district of Ansbach , he eventually became part of Berlin's financial establishment in the second half of the 19th century and joined the ranks of the bourgeoisie at the time. Lorenz Zuckermandel's parents, Johann Friedrich and Katharina Margaretha (née Pirner), were smallholder farmers at Meckenweber in Bürglein (house No. 19), on
1978-454: Was a gifted linguist and mastered English with virtually no accent. He also spoke fluent French. Afterwards, he learned Spanish, which allowed him to fill in for the director of the Madrid branch in 1872. Family documents point to Italy as a popular travel destination and highlight the importance of Italian art, culture and language. During his time in Frankfurt he met Robert Bassermann (1846–1907),
2024-579: Was a stage designer at the theatre in Klagenfurt for many years. He made an attempt to gain ground in Latin America but returned to Germany, where he then lived with his wife at his mother's place. Both daughters Leonore and Elisabeth got married in Brazil and rarely visited Europe in later years. There are many different versions explaining the name Zuckermandel (also known as Zuckmantel). One version claims that
2070-465: Was known and respected as a philanthropist , although he did not communicate about his background, neither privately nor publicly – not even to his family. In memory of his two oldest sons, who fell in Russia in 1915, plunging the family in insurmountable mourning, he anonymously donated two church windows and, in September 1917, the church clock for the Johanneskirche in Bürglein . At a meeting of
2116-424: Was one of Berlin's wealthiest men. It was estimated that his capital, the majority of which represented shares in the heavy industry , was worth 4 million goldmarks . In 1912, at 65 years of age, he completely retired from the banking business, but continued to enjoy a reputation as a financier due to his large fortune. He resigned from his position on the supervisory boards in 1917. In the 1920s Zuckermandel lost
#649350