Bank of Wales

The Bank of Wales (in Welsh: Banc Cymru) was a bank based in Cardiff, Wales, founded by Sir Julian Hodge in 1971. The company provided commercial banking services to small and medium-sized businesses in Wales.^[1]

From the outset Sir Julian Hodge wanted the company to be called the Bank of Wales, but the compromise title Commercial Bank of Wales (Welsh: Banc Masnachol Cymru) was adopted following objections from the Registrar of Companies and the Bank of England, who claimed that the proposed name would imply a central bank.^[1] The company was eventually officially renamed Bank of Wales in December 1986. By the year 2000 it had seven regional offices and assets of over £460 million.^[1]

The bank was taken over by the Bank of Scotland in 1988 and ceased trading under the Welsh brand in 2002.^[1] In 2009, Geraint Talfan Davies, chairman of the Institute of Welsh Affairs, said that the banking crisis showed the need for the revival of the brand.^[2]

See also

• Julian Hodge Bank
• Sir Alun Talfan Davies - former Chairman
• Viscount Tonypandy - Chairman 1985-1991 [1]
• James Callaghan - former Prime Minister of the United Kingdom and non-executive director of the Bank

Notes

1. ^ ^{a b c d} Davies, John; Jenkins, Nigel (2008). The Welsh Academy Encyclopaedia of Wales. Cardiff: University of Wales Press. p. 49. ISBN 978-0-7083-1953-6. 
2. ^ "Bring back the Bank of Wales". Western Mail. 21 February 2009. http://www.walesonline.co.uk/business-in-wales/business-news/2009/02/21/bring-back-the-bank-of-wales-91466-22975762/. Retrieved 12 September 2010. 

External links

• Wales online
• Institute of Welsh Affairs

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