Algemene Bank Nederland (ABN, "General Bank of the Netherlands") was a Dutch bank that was created in 1964 through the merger of the Netherlands Trading Society (, NHM, est. 1824) with the Twentsche Bank (TB, est. 1861).[1] In 1991, ABN merged with Amsterdamsche en Rotterdamsche Bank (AMRO Bank) to form ABN AMRO.
History
NHM-TB merger
The Netherlands Trading Society and Twentsche Bank announced their merger to form ABN Bank on 1964/06/04. An important reason for the merger was the international trend towards concentration. Banks were obliged to scale up their operations. The extensive international network of NTS and the strong Dutch home base of TB, notably in stockbroking and foreign exchange dealing, complemented each other perfectly. Another reason for joining forces was the past involvement of the two banks in developing the textile industry in the Twente region of the Netherlands. NTS had been sharing the running expenses of TB's branch in London (which opened in 1858) since 1953.