In 1920 three banks of smaller size were merged to form the Union Bank of Finland. | ||
The fusion was an attempt to prevent the depression caused by the First World War. Mannerheim was elected chairman of the central Board of Governors. The times were difficult and the task strenuous. Despite new arrangements, Mannerheim continued as chairman of the Board of Governors of Union Bank Inc, established in 1924, and from 1931 on in the same post in the Incorporated Bank of Helsinki. In the 1930s economical conditions gradually stabilized. Due to his activities in various other confidential posts, Mannerheim, however, gave up his mission in the bank. |
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COURSE OF LIFE | FAMILY | TIME OF GROWTH | MILITARY CAREER | WAR OF INDEPENDENCE | REGENT 1918-1919 | CIVILIAN | DEFENCE COUNCIL | COMMANDER-IN-CHIEF 1939-1946 | PRESIDENT OF THE REPUBLIC 1944-1946 | RETIREMENT | SPECIAL TOPICS | SEARCH |