National Provincial Bank: Difference between revisions
adding history and removing NatWest redirect |
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#REDIRECT [[NatWest]] |
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National Provincial Bank was a British [[commercial bank]] which operated in England and Wales from 1833 until its merger into the National Westminster Bank in 1970. It expanded during the 19th and 20th centuries and took over a number of smaller banking companies. |
National Provincial Bank was a British [[commercial bank]] which operated in England and Wales from 1833 until its merger into the National Westminster Bank in 1970. It expanded during the 19th and 20th centuries and took over a number of smaller banking companies. |
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The bank's expansion continued throughout the 19th century with new branch openings and by taking over smaller local banking companies, including: |
The bank's expansion continued throughout the 19th century with new branch openings and by taking over smaller local banking companies, including: |
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<ul> |
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*1836: Vye & Harris of Ilfracombe |
*1836: Vye & Harris of Ilfracombe |
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*1836: William Skinner & Co, Stockton |
*1836: William Skinner & Co, Stockton |
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*1842: Cole, Holroyd & Co, Exeter |
*1842: Cole, Holroyd & Co, Exeter |
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*1855: Thomas Kinnersley & Sons, Newcastle-under-Lyne |
*1855: Thomas Kinnersley & Sons, Newcastle-under-Lyne |
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</ul> |
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In 1866 the bank opened a lavish head office at 15 [[Bishopsgate]] in the [[City of London]], designed by [[John Gibson (architect)|John Gibson]]. Expansion continued, and now that the National Provincial Bank of England was established in London it began to take over a number of London-based banking companies, as well as acquisitions in the English provinces<ref name="royalbank"/>, including: |
In 1866 the bank opened a lavish head office at 15 [[Bishopsgate]] in the [[City of London]], designed by [[John Gibson (architect)|John Gibson]]. Expansion continued, and now that the National Provincial Bank of England was established in London it began to take over a number of London-based banking companies, as well as acquisitions in the English provinces<ref name="royalbank"/>, including: |
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<ul> |
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*1878: Bank of Leeds |
*1878: Bank of Leeds |
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*1899: County of Stafford Bank |
*1899: County of Stafford Bank |
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*1922: Dingley, Pearse & Co, Okehampton |
*1922: Dingley, Pearse & Co, Okehampton |
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*1924: Guernsey Banking Co Ltd |
*1924: Guernsey Banking Co Ltd |
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</ul> |
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After the 1918 merger, the bank traded for a few years as the ''National Provincial & Union Bank of England''. In 1924 the bank shortened its name to the National Provincial Bank. |
After the 1918 merger, the bank traded for a few years as the ''National Provincial & Union Bank of England''. In 1924 the bank shortened its name to the National Provincial Bank. |
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==Banknote issue== |
==Banknote issue== |
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Until the early twentieth century, commcercial banks in England and Wales were permitted to print their own money, subject to a number of limitations. The [[Country Bankers’ Act 1826]] restricted the issue of banknotes by commercial banks in England & Wales, so that only provincial banks over 65 miles away from London were permitted to print their own money. As the National Provincial Bank was based outside London, it was free to issue its own banknotes. In 1866, when it opened its London head office, National Provincial was obliged to give up its note-issuing right and deal only with [[Bank of England note issues|Bank of England notes]]. |
Until the early twentieth century, commcercial banks in England and Wales were permitted to print their own money, subject to a number of limitations. The [[Country Bankers’ Act 1826]] restricted the issue of banknotes by commercial banks in England & Wales, so that only provincial banks over 65 miles away from London were permitted to print their own money. As the National Provincial Bank was based outside London, it was free to issue its own banknotes. In 1866, when it opened its London head office, National Provincial was obliged to give up its note-issuing right and deal only with [[Bank of England note issues|Bank of England notes]]. |
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==External links== |
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{{cite web |
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|url = http://www.scripophily.net/natprovbanli.html |
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|title = National Provincial Bank Limited |
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|accessdate = 2007-10-12 |
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|author = |
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|date = |
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|work = Scripophily |
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|quote = |
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}} |
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{{cite web |
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|url = http://www.plymouthdata.info/Banking-Nat%20Prov.htm |
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|title = National Provincial Bank |
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|accessdate = 2007-10-12 |
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|author = Brian Moseley |
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|date = 2007-08-29 |
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|work = The Encyclopaedia of Plymouth History |
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|quote = |
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}} |
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==References== |
==References== |
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Revision as of 19:25, 12 October 2007
National Provincial Bank was a British commercial bank which operated in England and Wales from 1833 until its merger into the National Westminster Bank in 1970. It expanded during the 19th and 20th centuries and took over a number of smaller banking companies.
History
The bank was founded in 1833 in Gloucester by Thomas Joplin. It was originally called the National Provincial Bank of England, and it soon and began to open new branches. By 1836 it had over 20 branches across England and Wales[1].
The bank's expansion continued throughout the 19th century with new branch openings and by taking over smaller local banking companies, including:
- 1836: Vye & Harris of Ilfracombe
- 1836: William Skinner & Co, Stockton
- 1839: Husband & Co, Devonport
- 1840: Fryer, Andrews & Co, Wimborne
- 1842: Cole, Holroyd & Co, Exeter
- 1855: Thomas Kinnersley & Sons, Newcastle-under-Lyne
In 1866 the bank opened a lavish head office at 15 Bishopsgate in the City of London, designed by John Gibson. Expansion continued, and now that the National Provincial Bank of England was established in London it began to take over a number of London-based banking companies, as well as acquisitions in the English provinces[1], including:
- 1878: Bank of Leeds
- 1899: County of Stafford Bank
- 1903: Knaresborough & Claro Banking Co
- 1918: Union of London & Smiths Bank (merger)
- 1919: Sheffield Banking Co
- 1918: Bradford District Bank
- 1920: Northamptonshire Union Bank
- 1920: Coutts & Co
- 1922: Dingley & Co, Launceston
- 1922: Dingley, Pearse & Co, Okehampton
- 1924: Guernsey Banking Co Ltd
After the 1918 merger, the bank traded for a few years as the National Provincial & Union Bank of England. In 1924 the bank shortened its name to the National Provincial Bank.
During the 1960s National Provincial acquired the District Bank and the Isle of Man Bank, enabling it to enter merchant and off-shore banking. In 1968 National Provincial announced its merger with the Westminster Bank to create the National Westminster Bank in 1970. NatWest, as it became known, is now part of the Royal Bank of Scotland Group[1].
Banknote issue
Until the early twentieth century, commcercial banks in England and Wales were permitted to print their own money, subject to a number of limitations. The Country Bankers’ Act 1826 restricted the issue of banknotes by commercial banks in England & Wales, so that only provincial banks over 65 miles away from London were permitted to print their own money. As the National Provincial Bank was based outside London, it was free to issue its own banknotes. In 1866, when it opened its London head office, National Provincial was obliged to give up its note-issuing right and deal only with Bank of England notes.
External links
"National Provincial Bank Limited". Scripophily. Retrieved 2007-10-12.
Brian Moseley (2007-08-29). "National Provincial Bank". The Encyclopaedia of Plymouth History. Retrieved 2007-10-12.
References
- ^ a b c The Royal Bank of Scotland (2007-08-29). "National Provincial Bank". Our History. Retrieved 2007-10-12.