Fürst Fugger Privatbank

Fürst Fugger Privatbank is a small German regional bank in Augsburg, founded in 1954 and mainly serving the Swabia region of Bavaria, with 141 employees. Its name references the historical Fugger banking house that ceased to exist in the 17th century, but the companies have no relation.

Fürst Fugger Privatbank
FormerlyFriedl & Dumler GmbH
TypeAG
IndustryFinancial services
Founded1954 (1954)
HeadquartersAugsburg, Germany
ProductsRetail banking and commercial banking serving the Swabia region
Number of employees
141
Websitefuggerbank.de
The Eagle's Gate, now the entrance to the Fürst Fugger Privatbank at the Fugger houses in Augsburg

History

Fürst Fugger Privatbank was founded when Friedrich Carl Fürst Fugger-Babenhausen acquired the small bank Friedl & Dumler GmbH in 1954. However, the bank only received its current name in 1994.[1] Since 1999, Fürst Fugger Privatbank has been majority owned by the Nürnberger Versicherungsgruppe insurance company, although prince Hubertus Fugger-Babenhausen still holds a stake. He also owns the Fuggerhäuser in Augsburg, where the bank has its main seat.

References
  1. "Die junge Privatbank blickt auf eine lange Vergangenheit - Einst galten die Augsburger als die reichste Familie der Welt: Die Fugger auf der Suche nach dem alten Glanz".
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