Commerzbank AG is a German banking and financial services company based in Frankfurt, Hesse, Germany. Commerzbank is Germany's fourth-largest bank by total assets.
The bank is present in more than 50 countries around the world, although primarily provides services in Germany and Poland.
Commerzbank was founded in 1870 by individual and merchant bankers in Hamburg, Germany. Shipowner C. Woermann was the first chairman of the supervisory board of Commerz- und Disconto-Bank from 1870. The bank grew through a series of over 50 mergers, acquisitions and restructures in the following period through hyperinflation and the accompanied difficulties in the German economy. In 1940, the name Commerzbank Aktiengesellschaft, by which the bank was generally known, was officially adopted.
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