Banking business - Hesse Newman & Co.

The beginnings of the " Hesse Newman & Co " - Bank go back to 1777, when Isac Hesse, a calico broker and money changer born in Osterode in the Harz Mountains in 1737, founded his banking business in Altona. Isac Hesse's sons Heinrich Levin and Hartwig also worked in the former banking business. In 1825, Heinrich Levin changed the name of the company to " H. L. Hesse ". Heinrich Levin Hesse was married to Mathilde Amalie Hesse, née Oppenheimer. The couple had two children - Georg Heinrich, born on May 9, 1815 in Hamburg-Altona and Mary Julie, married name Newman, born in Hamburg in 1825. In 1845 Georg Hesse took over the banking, trading and shipping business. Marie Julie Hesse married Henry Newman, son of an English consul whose family was one of the founders of the colony of Newfoundland. He became Heinrich Levin Hesse's partner and son-in-law. From then on, the banking house  bears the name " Hesse Newman & Co. ". Georg Heinrich Hesse was one of the co-founders of today's Commerzbank in 1870. With the retirement of Georg Alfred (Alfred Percy) Hesse, son of Georg Heinrich Hesse and Elisabeth Sara Hesse, née Willink, the bank lost the last bearer of the Hesse name in 1935. Joachim von Schinckel became a partner in the company in 1930. Under his management, a new chapter in the history of the bank began. With the death of Edmund Robert Newman in 1959, the bank also lost the last bearer of the Newman name.