Bank Friedlaender & Wertheim

The Friedlaender & Wertheim bank was initially founded in 1919 as a branch of the Hamburg private bank E. Calmann, but then operated independently from 1923 onwards.

On 18 January 1938, the owners Gotthelf Friedlaender and Moritz Wertheim turned to the banking association to transfer their company to Aryan hands.On January 18, 1938, the owners Gotthelf Friedlaender and Moritz Wertheim turned to the banking association to hand over their company to Aryan hands as quickly as possible. Apparently in anticipation of the repression that was to follow, the request must have been an attempt to forestall the forced expropriation of the bank without compensation - also in the interests of the customers in Stade. After some lengthy negotiations involving a large number of institutions, the bank was only expropriated after the November pogrom of 1938. Presumably there was no financial compensation for Gotthelf Friedlaender and Moritz Wertheim].

The bank later traded as Bankhaus Wahrmann und Co KG and was managed as a limited partner of the Hamburg Commerz- und Disconto-Bank Aktiengesellschaft. In 1953, this limited partnership interest was dissolved and the former bank was converted into a branch of Commerzbank.