Bergens Privatbank
Encyclopedia
Bergens Privatbank was a Norwegian commercial bank
based in Bergen
. It was established in 1855 and built a network of branches throughout the country. Jørgen Breder Faye
was the first director and held the position until 1904. The bank merged with Bergens Kreditbank
in 1975 to establish Bergen Bank
.
Commercial bank
After the implementation of the Glass–Steagall Act, the U.S. Congress required that banks engage only in banking activities, whereas investment banks were limited to capital market activities. As the two no longer have to be under separate ownership under U.S...
based in Bergen
Bergen
Bergen is the second largest city in Norway with a population of as of , . Bergen is the administrative centre of Hordaland county. Greater Bergen or Bergen Metropolitan Area as defined by Statistics Norway, has a population of as of , ....
. It was established in 1855 and built a network of branches throughout the country. Jørgen Breder Faye
Jørgen Breder Faye
Jørgen Breder Faye was a Norwegian banker and politician.Faye worked as a merchant at Bryggen until he in 1856 was appointed director of the newly created Bergen Privatbank; a position he held until 1903...
was the first director and held the position until 1904. The bank merged with Bergens Kreditbank
Bergens Kreditbank
Bergens Kreditbank was a Norwegian commercial bank based in Bergen. It was established in 1928 with its main offices in Vågsallmenningen. It merged with Bergens Privatbank in 1975 to establish Bergen Bank....
in 1975 to establish Bergen Bank
Bergen Bank
Bergen Bank was a Norwegian commercial bank in existence between 1975 and 1990. It was created as a merger between Bergens Privatbank and Bergens Kreditbank while the bank Kvam Privatbank was acquired in 1979. In 1988 it bought Nevi. Bergen Bank, which was based in Bergen, Norway, merged with Den...
.