Nottingham and Nottinghamshire Bank

The Nottingham and Nottinghamshire Bank was a joint stock bank which operated from its headquarters in Nottingham from 1834 to 1919.

Nottingham and Nottinghamshire Bank
Founded19 April 1834 (1834-04-19) in Nottingham, England
Defunct1919
SuccessorWestminster Bank
HeadquartersThurland Street,
Nottingham
,
England

History

It was established in Nottingham[1] as the Nottingham & Nottinghamshire Banking Company. The initial capital was £500,000 (equivalent to £51,130,000 in 2021).[2] The bank began trading in Pelham Street in central Nottingham on 19 April 1834[3] under the management of Peter Watt, a Scottish banker. By the 1840s the bank's London agents were the London and Westminster Bank.

In 1841 the bank ran into difficulty but shareholders injected money and it survived.[4]

A new head office building was constructed in Nottingham on Thurland Street in 1881. It was built to the designs of the architect Watson Fothergill.

In 1884 the bank assumed limited liability as Nottingham & Nottinghamshire Banking Co Ltd with a capital of £1.3 million (equivalent to £144,170,000 in 2021).[2]

In 1891 the bank suffered an embarrassment when it was revealed that the manager of the Newark branch, Robert James Beard, had defrauded the bank of £25,000 (equivalent to £2,904,700 in 2021)[2] before drowning himself in the River Trent. The bank covered the loss from its reserves.[5]

It was acquired by the London, County, Westminster & Parr's Bank in 1919.

Branches

The bank opened around 39 branches and sub-branches. In 1919, 20 branches and 18 sub-branches were operating. The following were the locations of the branches:

  • Mansfield 1834,[6] rebuilt in 1874–75 by Watson Fothergill
  • Loughborough 21 July 1834[7] rebuilt 1885 by Watson Fothergill
  • Newark 1835 rebuilt 1887 by Watson Fothergill
  • Worksop 1836[8]
  • Retford 1836
  • Ilkeston 1858[9]
  • Alfreton
  • Gainsborough
  • Sutton-in-Ashfield 1873
  • Southwell 1874[10]
  • Kegworth 1892[11]
  • Hucknall Huthwaite
  • Kirkby-in-Ashfield
  • Collingham
  • Nottingham Cattle Market
  • Tuxford
  • Carrington Street, Nottingham 1899 by Watson Fothergill
  • St Anne's Well Road, Nottingham 1901[12]
  • Shepshed 1904 by A E King of Loughborough
  • Creswell, Worksop 1904[13]
  • Manvers Street/Carlton Road, Sneinton, Nottingham 1907
  • Beeston 1908 by Thomas Ignatius McCarthy of Coalville
  • Coalville

References
  1. Nottingham & Notts Illustrated:. Robinson, Son and Company. 1898.
  2. UK Retail Price Index inflation figures are based on data from Clark, Gregory (2017). "The Annual RPI and Average Earnings for Britain, 1209 to Present (New Series)". MeasuringWorth. Retrieved 11 June 2022.
  3. "Nottingham and Nottinghamshire Banking Company". Nottingham Review and General Advertiser for the Midland Counties. England. 11 April 1834. Retrieved 1 April 2017 – via British Newspaper Archive.
  4. "Nottingham and Nottinghamshire Banking Co Ltd". RBS Heritage Hub. Royal Bank of Scotland. Retrieved 1 April 2017.
  5. "Large Defalcation by a Bank Manager". Lancashire Evening Post. England. 20 January 1891. Retrieved 1 April 2017 – via British Newspaper Archive.
  6. "Nottingham and Nottinghamshire Banking Company". Nottingham Review and General Advertiser for the Midland Counties. England. 9 May 1834. Retrieved 1 April 2017 – via British Newspaper Archive.
  7. "Nottingham and Nottinghamshire Banking Company". Nottingham Review and General Advertiser for the Midland Counties. England. 8 August 1834. Retrieved 1 April 2017 – via British Newspaper Archive.
  8. "Nottingham and Nottinghamshire Banking Company". Nottingham Review and General Advertiser for the Midland Counties. England. 12 February 1836. Retrieved 1 April 2017 – via British Newspaper Archive.
  9. "State of Trade". Nottinghamshire Guardian. England. 20 May 1858. Retrieved 1 April 2017 – via British Newspaper Archive.
  10. "Bank at Southwell". Stamford Mercury. England. 25 December 1874. Retrieved 1 April 2017 – via British Newspaper Archive.
  11. "Kegworth". Leicester Chronicle. England. 27 February 1892. Retrieved 1 April 2017 – via British Newspaper Archive.
  12. "Nottingham and Nottinghamshire Banking". London Daily News. England. 10 January 1902. Retrieved 1 April 2017 – via British Newspaper Archive.
  13. "Nottingham and Notts Banking Company, Limited". Nottingham Evening Post. England. 13 January 1905. Retrieved 1 April 2017 – via British Newspaper Archive.
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