THE MERGER THAT CREATED DZ BANK
The structure as a cooperative financial services network with a two-tier structure in Northern, Eastern and Southern Germany and a three-tier structure in Western and South-western Germany remained unchanged for a decade. The concentration process was not to get moving again until 2000 when SGZ-Bank and GZB-Bank merged to form GZ-Bank. These two merger partners had been created from the mergers of central institutions in South-western Germany. Among other things, SGZ-Bank continued the banking business of Landwirtschaftliche Genossenschaftsbank Darmstadt.
DZ BANK AG
In the following year GZ-Bank and DG BANK merged to form what was then Germany’s sixth-largest bank – under today’s name DZ BANK AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, which had already been earmarked for the joint central institution at the beginning of the seventies. The merger brought the unification of the cooperative superstructure to its zenith.