Showell's Dictionary of Birmingham - A History and Guide Arranged Alphabetically by Thomas T. Harman;Walter Showell
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page 37 of 741 (04%)
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Lloyds' Banking Co. (Limited) Colmore Row, dates from June 3rd, 1765. when it was known as Taylor and Lloyds, their first premises being in Dale End [hence the name of Bank Passage]. This old established firm has incorporated during its century of existence a score of other banks, and lately has been amalgamated with Barnetts, Hoares, and Co., of London, the present name being Lloyd, Barnett, Bosanquet, and Co. (Limited). There are sub-offices also in Great Hampton Street, Deritend, Five Ways and Aston. In this and adjoining counties, Lloyds' number about 40 branch establishments. The Worcester City and County Banking Co. (Limited), drawing on Glynn and Co., removed from Cherry Street to their newly-built edifice in Colmore Row, June 1, 1880. The Union Bank of Birmingham (Limited), Waterloo Street, commenced business with a nominal capital of £1,000,000, in £20 shares, £5 paid. London agents, the City Bank. It has since been taken over by the Midland Bank. ~Banks.~--A popular Penny Bank was established in 1851, but came to grief in 1865, closing March 16, with assets £1,608, to pay debts £9,448. Another penny bank was opened in Granville Street, April 13, 1861, and is still carried on at the Immanuel Schools, Tennant Street, with about 5,000 depositors at the present time. A Local Savings Bank was opened in May, 1827, and legalised in the year after, but ultimately its business was transferred to the Post Office Savings Bank, which opened its doors in Cannon Street, Dec. 1, 1863. By a Government return, it appeared that at the end of 1880 the total |
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