Question 1

What is Volksbank Allgäu-Oberschwaben?

Accepted Answer

Volksbank Allgäu-Oberschwaben is a regional cooperative bank headquartered in Leutkirch im Allgäu, Baden-Württemberg, Germany. The bank serves the Allgäu and Upper Swabia (Oberschwaben) regions, focusing on retail banking, business services for small and medium-sized enterprises (SMEs), and local economic development. Following a November 2024 merger, the bank ranks among the ten largest cooperative banks in Baden-Württemberg with total assets exceeding €5 billion and over 600 employees.

The bank holds an AA- credit rating from Fitch and serves approximately 140,000 customers through 40 branches.

Question 2

When was Volksbank Allgäu-Oberschwaben founded?

Accepted Answer

The bank's oldest roots trace to July 1, 1862, when 20 citizens founded the Spar- und Vorschussbank Isny, which became the foundation for the later Isnyer Volksbank eG. Another key predecessor, the Spar- und Vorschußverein Leutkirch, was established in 1866, while the Spar- und Vorschussverein Wangen was founded in 1869.

The modern Volksbank Allgäu-Oberschwaben emerged through numerous mergers and consolidations. In May 2017, the Leutkircher Bank – Raiffeisen- und Volksbank – eG and Volksbank Allgäu-West eG merged to form Volksbank Allgäu-Oberschwaben eG. A significant expansion occurred in 2024 when Volksbank Allgäu-Oberschwaben and Volksbank Raiffeisenbank Laupheim-Illertal agreed to merge.

The legal fusion was registered in the cooperative register on November 4, 2024, and the technical integration was completed on November 23, 2024, creating one of the ten largest cooperative banks in Baden-Württemberg, retroactively effective January 1, 2024.

Question 3

Where is Volksbank Allgäu-Oberschwaben headquartered?

Accepted Answer

Volksbank Allgäu-Oberschwaben is headquartered in Leutkirch im Allgäu, in the Ravensburg district of Baden-Württemberg, Germany.

Question 4

Where does Volksbank Allgäu-Oberschwaben operate?

Accepted Answer

The bank operates throughout the Allgäu and Upper Swabia (Oberschwaben) regions of Baden-Württemberg and Bavaria. Its service area includes the municipalities of Leutkirch, Wangen im Allgäu, Isny im Allgäu, Kißlegg, Argenbühl, Vogt, Neuravensburg, Lindau (Bodensee), Bad Waldsee, Laupheim, and surrounding communities.

Following the 2024 merger, the bank operates 40 branches, including 20 full-service locations and 20 self-service branches. The bank's territory spans from the scenic Allgäu region near Lake Constance (Bodensee) to the Upper Swabian plateau, serving both rural and urban communities in this economically diverse area.

Question 5

What services does Volksbank Allgäu-Oberschwaben offer?

Accepted Answer

Volksbank Allgäu-Oberschwaben provides comprehensive universal banking services for retail customers, businesses, and agricultural clients. Core products include current accounts, debit cards, credit cards, savings accounts, time deposits, pension plans, consumer loans, car loans, and mortgage loans.

For business customers, the bank offers commercial accounts, business financing, payment processing, and corporate banking solutions tailored to SMEs. As of December 2023, the bank manages customer deposits of €3.5 billion and customer loans totaling €3.4 billion.

Digital services include online banking, a mobile banking application, and telephone banking through a call center. Through its membership in the cooperative banking network, the bank offers investment funds via Union Investment, insurance through R+V Versicherung, building savings via Bausparkasse Schwäbisch Hall, leasing through VR Leasing, mortgage financing via DZ Hyp, and securities trading accounts.

The bank provides comprehensive advisory services and maintains strong relationships with local businesses and agricultural enterprises in the Allgäu-Oberschwaben region.

Question 6

What makes Volksbank Allgäu-Oberschwaben unique?

Accepted Answer

Volksbank Allgäu-Oberschwaben distinguishes itself through its scale and regional strength following the 2024 merger. With over 81,600 members who own and govern the institution democratically, the bank represents one of the largest member-owned financial institutions in Baden-Württemberg.

The bank's history of successful consolidation demonstrates its ability to integrate cooperative banks while maintaining local presence and personalized service. The 2024 merger carefully managed the transition for customers with new IBANs and account numbers, providing comprehensive support and direct communication with major service providers.

The bank serves the economically diverse Allgäu-Oberschwaben region, from tourism and agriculture near Lake Constance to manufacturing in Upper Swabia. Its 160-year heritage combines traditional cooperative values with modern banking technology, creating a strong regional partner for economic development.

Question 7

What type of financial institution is Volksbank Allgäu-Oberschwaben?

Accepted Answer

Volksbank Allgäu-Oberschwaben is a Genossenschaftsbank (cooperative bank), legally organized as an eingetragene Genossenschaft (eG), which is a registered cooperative under German law. The bank operates as a member-owned institution governed by democratic principles where members elect representatives who oversee management.

As a cooperative bank, Volksbank Allgäu-Oberschwaben is part of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken cooperative financial network. The bank participates in the BVR Institutssicherung GmbH deposit protection system, which protects deposits up to €100,000 per depositor under the German statutory guarantee scheme. The bank is supervised by BaFin (Bundesanstalt für Finanzdienstleistungsaufsicht) and Deutsche Bundesbank, and is a member of DZ Bank, the central institution for German cooperative banks.

Volksbank Allgäu-Oberschwaben

in Germany 🇩🇪

Crypto-Friendliness

All done!

About Volksbank Allgäu-Oberschwaben in Germany

Volksbank Allgäu­-Obers­chwaben