Fusion in Bad Saulgau: VR-Bank takes over Raiffeisenbank despite the crisis!

Fusion in Bad Saulgau: VR-Bank takes over Raiffeisenbank despite the crisis!

The merger of the VR-Bank Donau-Oberschwaben with the Raiffeisenbank Bad Schussenried-Aulendorf has now been decided, and almost all members of the two banks spoke out with almost 100 percent. This marks a significant step for those involved and ensure that Raiffeisenbank customers will be supplied with new IBAN data and current cards on November 8, such as Schwäbische.de . The official merger takes place retrospectively on January 1, 2025, together with the positive side effect that VR Bank Donau-Oberschwaben keeps its name and seat in Bad Saulgau.

The Raiffeisenbank Bad Schussenried-Aulendorf was recently in an economically tense situation that was reinforced by risky real estate business. Last year, the bank did not make a profit and had to remove 2.5 million euros from the reserve to cover losses. This merger was therefore seen as the only strategic option to secure the independent continued existence of the Raiffeisenbank. This merger can be bundled by the cooperative forces, which should also be implemented in the sense of the motto "strengthen home", as vrdo.de added.

optimization by fusion

The VR-Bank Donau-Oberschwaben presents itself as a strong institute with equity of 340 million euros and is able to use around 100,000 customers at 27 locations. The merger is seen as an opportunity to further expand the location strength in Aulendorf and Bad Schussenried and to improve customer proximity. Raiffeisenbank currently looks after around 14,000 customers, including around 4,500 members. The merging of the two banks not only opens up new opportunities, but is also the first big step to counter the challenges in the regional banking sector, such as deloitte in his investigation.

A branch in Aulendorf is closed after the merger, but the VR-Bank will maintain its presence at the previous location. The fate of the approximately 58 Raiffeisenbank employees is positive because nobody is released; You will switch seamlessly to the VR-Bank, where you will work as heads in the future.

a step into the future

The persistent changes in the regional banking sector make mergers increasingly necessary. Small and medium -sized institutes in particular face challenging framework conditions, which makes cooperation with stronger partners attractive. Cooperative banks have merged significantly in the past ten years. Deloitte's merger study finds that such steps should serve not only for cost optimization, but also to improve customer services and to enroll qualified personnel.

The VR-Bank Donau-Oberschwaben has already carried out a merger last year, which underlines the bank's dynamics and adaptability. The challenges associated with a merger require careful planning and integration of employees. With clear responsibilities and open communication, possible frictional losses are to be minimized.

Overall, this merger is an answer to the changing market conditions and a significant step to strengthen the two banks in their region. The cooperative values ​​are in the foreground, while the competitiveness is being expanded.