Commerzbank
Commerzbank AG is a global banking and financial services company founded in 1870 with its headquarters in Frankfurt, Germany.
Commerzbank is Germany's second-largest bank, holding a nationwide network of branch offices, numerous offshore branch offices and representations in more than 50 countries globally which employs a total of 51,782 employees as of June 2014. It offers its clients retail and commercial financing services, investment banking services, asset management & private banking services.
History
Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg, Germany. Ship owner C. Woermann was the first chairman of the super-visory board of Commerz- und Disconto-Bank from 1870.
The bank grew through a series of over 50 mergers, acquisitions and restructures in the following period through hyperinflation and the accompanied difficulties in the German economy. In 1940, the name Commerzbank Aktiengesellschaft, by which the bank was generally known, was officially adopted.