Landesbank der Rheinprovinz

The Rheinische Provinzial-Hülfskasse was established in Cologne on with capital of 400,000 thalers, on a statutory basis of . Its mandate was not about making profits but "supporting institutions, municipal buildings or commercial companies with loans, paying off municipal debts, and promoting the savings bank system through centralized management of savings." The Provincial Parliament of the Rhine Province took charge of oversight of the Rheinische Provinzial-Hülfskasse in September 1871. As a consequence, on the fund's head office was relocated from Cologne to the parliament's seat in Düsseldorf, against the will of the fund's directors who preferred Cologne as a more vibrant financial center at the time. ==Landesbank der Rheinprovinz==

, photographed before 1925 In February 1888, the Rheinische Provinzial-Hülfskasse was renamed the Landesbank der Rheinprovinz. On , the Landesbank opened a branch in Cologne. In the 1920s, the Landesbank, led by Hubert Bel and August Bernegau, expanded dramatically by aggressively lending to municipalities with few internal controls and insufficient capital. As a consequence, it collapse in mid-1931 when the financial environment became unfavorable. German interior ministry official identified the Landesbank's alarming financial position during an on-site inspection in mid-June 1931, but that was too late to prevent disaster. The Landesbank der Rheinprovinz suspended payments on . ==Aftermath==

The function of payments clearing house () was taken over in August 1931 by Deutsche Girozentrale, a national institution established in 1918, through its Cologne branch which from October 1931 was led by . That branch took over staff of the former Landesbank and received liquidity support of 100 million Reichsmarks from the Reichsbank, which it largely passed on to savings banks. In April 1935, the business was in turn transferred to the newly formed , of which Butschkau would become chairman in 1945. In 1969, merged with to form Westdeutsche Landesbank. ==See also==