Question 1

What is Raiffeisenbank Hirschau?

Accepted Answer

Raiffeisenbank Hirschau is a cooperative bank serving private customers and businesses in the northeastern part of Landkreis Amberg-Sulzbach in the Upper Palatinate (Oberpfalz) region of Bavaria, Germany. As a member of the Genossenschaftliche FinanzGruppe Volksbanken Raiffeisenbanken, it provides universal banking services with a strong focus on local economic development.

The bank operates three branch locations in Hirschau, Schnaittenbach, and Freudenberg, serving communities in the northeastern corner of the district. With over 115 years of cooperative banking history, it maintains deep roots in the Upper Palatinate region.

Question 2

When was Raiffeisenbank Hirschau founded?

Accepted Answer

Raiffeisenbank Hirschau was originally founded on April 20, 1908, as the Darlehensverein Hirschau e.G.m.b.H. (Loan Association of Hirschau) by 50 founding members. The institution was officially registered in the cooperative register on June 23, 1908.

The bank inaugurated its new building in Hirschau in 1969. In 1965, it merged with Raiffeisenkasse Ehenfeld, followed by a 1988 merger with Raiffeisenbank Schnaittenbach to form Raiffeisenbank Hirschau-Schnaittenbach.

A significant expansion occurred in 2002 when the bank merged with Raiffeisenbank Freudenberg (which had itself resulted from a 1966 merger with Raiffeisenkasse Pursruck), creating the current Raiffeisenbank Hirschau eG. Major renovations were completed in Schnaittenbach (2010) and Freudenberg (2011), reflecting the bank's commitment to modernizing its facilities.

Question 3

Where is Raiffeisenbank Hirschau headquartered?

Accepted Answer

The bank's headquarters and main office (Hauptstelle) are located in Hirschau, Bavaria, Germany. Hirschau is a town in Landkreis Amberg-Sulzbach in the Upper Palatinate (Oberpfalz) region of eastern Bavaria, known historically for its kaolin (china clay) mining industry.

Question 4

Where does Raiffeisenbank Hirschau operate?

Accepted Answer

Raiffeisenbank Hirschau operates in the northeastern part of Landkreis Amberg-Sulzbach in the Upper Palatinate. Its service area encompasses the communities of Hirschau, Schnaittenbach, Freudenberg, and surrounding municipalities.

The bank maintains three branch locations: Hirschau (main office and legal seat), Schnaittenbach (business office/Geschäftsstelle), and Freudenberg (business office/Geschäftsstelle). The bank closed its warehouse operations (Warengeschäft) in Freudenberg at the end of 2004, focusing exclusively on banking services.

Question 5

What services does Raiffeisenbank Hirschau offer?

Accepted Answer

As a universal bank (Universalbank), Raiffeisenbank Hirschau provides comprehensive financial services:

Retail Banking: Current accounts with multiple service packages (VR-Konto Komfort starting at €9.00 monthly), savings accounts, money market accounts (VR-Geldmarktkonto), time deposits (Festgeld), girocard and credit cards, consumer loans, vehicle financing, and mortgage loans.

Business Banking: Business accounts, payment processing services, working capital financing (Betriebsmittelkredit), startup financing (Gründungsfinanzierung) with access to state subsidies, business credit cards, and commercial loans.

Investment Services: Securities trading, investment funds through Union Investment and VermögenPlus program, online brokerage, index funds, and ETFs for diversified portfolio construction.

Insurance Products: Comprehensive insurance solutions through R+V Versicherung, including business liability insurance (Berufshaftpflicht), pension products (Direktversicherung for employee benefits), and personal coverage.

Special Savings Programs: Gewinnsparen (prize savings program) combining savings with lottery opportunities while supporting charitable causes.

Digital Banking: Online banking platform, VR Banking App with secure authentication, online service center for digital product applications, and access to card and online banking emergency blocking services.

Question 6

What makes Raiffeisenbank Hirschau unique?

Accepted Answer

Over 115 Years of History: Founded in 1908, the bank has served the Hirschau region through major economic transformations, including the area's transition from heavy reliance on kaolin mining to a more diversified economy.

Strategic Merger History: The bank's 2002 merger with the struggling Raiffeisenbank Freudenberg demonstrated its role as a stabilizing force in the regional banking sector, successfully integrating and rehabilitating a troubled institution.

Three-Location Network: Despite industry consolidation trends, the bank maintains three full-service locations across its territory, ensuring local accessibility for customers in Hirschau, Schnaittenbach, and Freudenberg.

Modern Facility Investments: The bank has invested significantly in renovating and modernizing its branches, including barrier-free access implementations, demonstrating commitment to accessibility and contemporary banking standards.

Upper Palatinate Regional Focus: The bank specializes in serving the unique economic characteristics of the northeastern Amberg-Sulzbach district, including manufacturing, agriculture, and service industries.

Question 7

What type of financial institution is Raiffeisenbank Hirschau?

Accepted Answer

Raiffeisenbank Hirschau is a Genossenschaftsbank (cooperative bank) organized as an eingetragene Genossenschaft (eG), a registered cooperative under German law. It is registered in the cooperative register (Genossenschaftsregister) at the Amberg Local Court under number GnR 15.

As a cooperative bank, it operates according to the Genossenschaftsgesetz (Cooperative Act) with governance through a general assembly (Generalversammlung), executive board (Vorstand), and supervisory board (Aufsichtsrat). The bank is part of the Genossenschaftlicher FinanzVerbund, collaborating with DZ Bank, R+V Versicherung, Bausparkasse Schwäbisch Hall, Teambank, VR Leasing, DZ Hyp, and Union Investment. It is supervised by the German Federal Financial Supervisory Authority (BaFin) and participates in both the mandatory BVR Institutssicherung GmbH and the voluntary additional protection scheme of the Federal Association of German Volksbanken and Raiffeisenbanken.

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About Raiffeisenbank Hirschau in Germany

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