Fusion of banks: 99.6 % approval for VR Verbundbank in Hesse!
Fusion of banks: 99.6 % approval for VR Verbundbank in Hesse!
In a far -reaching step for the regional financial landscape, the representatives of the Volksbank Lauterbach Schlitz voted. The latter even gave 100 percent approval of this pioneering alliance. The new VR Verbundbank eG is created from this merger, which aims to bundle their strengths and act as a strong partner in the regions.
VR Verbundbank eG will continue your branches as branches and the usual local contact persons will remain available to customers. This promises continuity and stability for the members, because no layoffs or branch closures have been announced. Rather, the merger is seen as an opportunity to implement synergy effects and bring together the organizational areas under uniform management.
strong balance and positive prospects
The merging banks have a solid balance sheet and risk situation, which is of the utmost importance for the support of numerous customers. The board has recently presented encouraging results: the supervised customer volume rose by 103 million euros in 2024 to 3.8 billion euros, while customer deposits increased by 3.7 percent. The investments in securities also grew by a considerable 8.1 percent.
Another ray of hope is the building society business that has reached a record volume of 54 million euros. Neukredezages also climbed by around 20 percent to 276 million euros. All of this reflects a booming business development, which not least supports the positive result after taxes of 18 million euros. Over 40,000 members can also look forward to a dividend distribution of four percent.
new structures and responsible leadership role
As part of the merger, the supervisory board of the new bank will consist of 13 members, with four of them come from Volksbank Lauterbach-Schlitz. Dr. Constantin H. Schmitt remains at the top as chairman of the supervisory board, while Detlef Krau acts as his deputy. There are also changes on the board of directors: Helmut Euler takes over the speaker function and Norbert Lautenschläger becomes his deputy. Tobias Görge and Lothar Schmidt are out of the committee.
With this merger, the banks also react to the current challenges in the German banking sector. According to a recent Study von Deloitte, a growing fusion dynamics can be determined in the industry. Regional banks are faced with changes and mergers as a solution to improve customer services and qualified staff. The last decade has shown that cooperative banks merge more often than the Sparkassen-Finanzgruppe, especially the smaller institutes from the regions.With the merger of VR Bank Hessenland and Volksbank Lauterbach Schlitz, a new era for regional financial care is heralded. The banks rely on continuity, stability and adhering to regional values. What the future brings and whether other banks could follow this example remains exciting.
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| Ort | Lauterbach, Deutschland |
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