Volksbank Mittelhessen merged: financial giants for the region!

Volksbank Mittelhessen merged: financial giants for the region!

The Volksbank Mittelhessen, previously the seventh largest cooperative bank in Germany, will increase its balance sheet total by the merger to 12 billion euros. The total bank of the Volksbank Mittelhessen alone is currently 10.8 billion euros. The VR Bankverein brings almost 1,100 employees from the Gießen region and 200 employees in associated subsidiaries. Their member base has around 197,000 and the bank has around 345,000 customers. This merger not only extends the catchment area from northern Marburg hinterland to Rosbach near Frankfurt, but also the range with a total of 81 branches.

stability for the employees

Despite the merger, the Volksbank Mittelhessen shows firm trust in its existing structures. The current branch structure remains for the next five years, which means that customers continue to have the usual contact points. All team members are secured by a preservation of acquisitions and an employment guarantee of ten years. This is a positive step for the employees of the VR banking club and a sign of continuity in the region.

The CEO, Peter Hanker, emphasizes that this merger is part of a long -term growth strategy that Volksbank Mittelhessen has been pursuing for years. Other mergers are also on the agenda, with Hanker explaining that one is open to mergers with other promising cooperative banks in the area. This shows the bank's commitment to strengthen its position in an increasingly competitive environment.

The announced merger not only represents an important step for the Volksbank Mittelhessen, but could also have far -reaching effects on the entire banking system in the region. In view of the changes in the banking system and the increasing trend towards digitized services, it remains to be seen how the new Volksbank Mittelhessen will implement its strategy in such a dynamic time. The future will be invested in the future for the nutritional maintenance of its members and the creation of a modern bank that offers both online and branch services. This message follows current developments in the cooperative banking area, which should promote the cohesion and efficiency of the banks in order to be able to offer customers better services and to support modern banking.

More information on this is in a detailed article on www.faz.net to be found.