August 12, 2021
Fundraising for Flood Victims – North Channel Bank Doubles the Donations of its Employees
The managers of North Channel Bank have launched a campaign to support the victims of the flood disaster together with their employees. For the donation of the employees, the bank matches the amount upon presentation of the donation receipt.
“The people in the flooded areas are experiencing a terrible crisis right now. They have lost all their possessions some have even lost relatives or friends. This deeply affects us, and we cannot just stand by and watch this tragedy unfold. We want to actively help. In our case, the best way to do this is through donations. We are pleased to be able to make a small contribution as a company so that the people in the hit regions can be helped quickly,” explains Stefan Rensinghoff, Managing Director of North Channel Bank.
North Channel Bank GmbH & Co. KG was founded in 1924 as the privately owned bank Bankhaus Oswald Kruber located in Berlin. In 2009, a North American group of investors with expertise in the US Life Settlements sector acquired the bank and renamed it North Channel Bank. In the following years, the bank developed into one of the leading institutions in US Life Settlement financing. For many years, the bank has been working with the experienced and renowned US servicer NorthStar Life Services, LLC, a former affiliate, and offers not only financing but also investments in US Life Settlements. The affiliate NorthStar Life Settlements Trading, LLC, Irvine, California, renamed in 2020, handles the trading of policies in this business segment. In the Structured Finance division, the bank focuses, in particular on financing in the renewable energy sector (focus: equity interim financing), capital goods, and growth financing.