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The Simon Hirschland Bank was founded in 1841 in Essen, Germany, by Simon Hirschland (1807-1885), who started his business as a merchant, and over the years began to lend money. The banking business began in 1841; Simon Hirschland also traded in wool, meat, pelts, nails, copper, lead and cattle, from 1 Weber Street. Simon Hirschland's son, Issac Hirschland (1845-1912), took over operation of the bank on his father’s death, and his sons, Dr. Georg Hirschland (1885-1942) and Kurt Hirschland (1882-1957) became the bank’s principles after Issac. The bank grew into an international investment bank, with concerns as far away as South America and the United States.