Stourbridge and Kidderminster Bank
IndustryBanking
Founded10 April 1834 (1834-04-10) in Stourbridge, England
FounderJames Foster
Defunct1880 (1880)
FateAcquired
SuccessorBirmingham Banking Company
Headquarters
Stourbridge
,
England

The Stourbridge and Kidderminster Bank was a bank that operated in England from 1834 until 1880 when it was taken over by the Birmingham Banking Company.[1]

History

The bank was established in April 1834 by the industrialist James Foster with an office in High Street, Stourbridge.[2] The building had been Foster's residence before his move to Stourton Castle. Originally called "Park House", it became known as "Bank House" after its conversion into offices. The first manager, John Amery and first cashier, Samuel Nock had living quarters in the bank building itself. Amery had been recruited from the Birmingham branch of the Bank of England.[3] On formation, the bank had paid-up capital of £34,000.[3] James Foster remained as chairman until 1850.[4]

In June 1834 a branch was opened at Kidderminster. In the same year it opened a branch in Bromsgrove and took over the business of Oldaker, Tomes and Chattaway in Stratford-on-Avon. The Bromsgrove branch was initially only open for 1 day per week, but in 1851, the company of Rufford Biggs failed, and the Stourbridge and Kidderminster obtained their premises at 93 High Street, Bromsgrove.

It was taken over by the Birmingham Banking Company in 1880.[5]

Branches

References

  1. ↑ Fenn, Charles (1837). A compendium of the English and foreign funds, and the principal joint stock companies. Sherwood, Gilbert and Piper. p. 113.
  2. ↑ "Stourbridge and Kidderminster Bank". Staffordshire Advertiser. England. 8 October 1836. Retrieved 13 August 2017 – via British Newspaper Archive.
  3. 1 2 Orbell, John; Turton, Alison (2017). British Banking: A Guide to Historical Records. Abingdon: Routledge. p. 498. ISBN 9780754602958.
  4. ↑ Peacock, Roy (2006). Roy Peacock (ed.). James Foster of Stourbridge. Black Country Society. pp. 40–48. ISBN 0904015785.
  5. ↑ "Birmingham Banking Company Limited. Union with the Stourbridge and Kidderminster Bank". County Express; Brierley Hill, Stourbridge, Kidderminster and Dudley News. England. 17 April 1880. Retrieved 13 August 2017 – via British Newspaper Archive.
  6. ↑ "Charlbury". Oxford Chronicle and Reading Gazette. England. 5 November 1853. Retrieved 13 August 2017 – via British Newspaper Archive.
  7. ↑ "Stourbridge and Kidderminster Banking Company". Worcester Herald. England. 31 May 1834. Retrieved 13 August 2017 – via British Newspaper Archive.
  8. ↑ "Stourbridge and Kidderminster Banking Company". Wolverhampton Chronicle and Staffordshire Advertiser. England. 9 April 1834. Retrieved 13 August 2017 – via British Newspaper Archive.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.