The story
The roots of Norisbank date back to the year 1954. Starting that year, the mail-order company Quelle offered to finance its products via Noris purchase aid.
On 4 June 1965, Noris Kreditbank GmbH was founded in Nuremberg. The business objective was to expand the financing of the entire supply of Quelle and its subsidiaries in the mail order and in the stationery sector. In the year 1969 Noris purchase aid changed its name to Noris Bank GmbH. The name change was accompanied by an expansion of the product range to include banking services such as checking and savings accounts.
In 1984, Norisbank GmbH merged with Hamburg Verbraucherbank GmbH. The reason for the takeover of the previously independent Verbraucherbank GmbH was the acquisition of the first German customer self-service system. Verbraucherbank had introduced the customer self-service in 1975 as the first financial institution in Germany, 1977 one of the first ATMs worldwide followed as well as the first online banking offer in Germany in 1980. The Noris Verbraucherbank GmbH was part of Quelle Group until the end of 1997 and was sold to Bayerische Vereinsbank on 19 June 1997. It merged Noris Verbraucherbank GmbH with Franken WKV Bank GmbH (founded in 1950).
In January 1999, Hypo Service Bank (HSB), founded in 1991, was integrated into Norisbank AG. In 2000, Norisbank AG was the first bank on the Internet to offer loans with an online instant pledge.
After uncertainties in 2002, when HypoVereinsbank was considering integrating Norisbank into its own branch network, it was decided in December 2002 to sell Norisbank. On 1 October 2003, DZ Bank became the new owner of Norisbank AG for a purchase price of EUR 180 million.
On August 3, 2006, DZ Bank sold the 98 branches and the brand name Norisbank for 420 million Euros to Deutsche Bank, which also took over the customer base. Norisbank AG based in Nuremberg then renamed to Teambank AG Nuremberg, while the sold branches were continued by the newly founded Norisbank GmbH based in Frankfurt am Main.
From Wikipedia’s article on Norisbank, shared under CC BY-SA 4.0.5