District Bank

District Bank
This article is about the subsidiary of National Provincial Bank. For the present-day institution, see National Westminster Bank.
District Bank Limited
Former type Joint-stock
Industry Banking
Fate Merger with Westminster Bank
Successor National Westminster Bank
Founded 1829
Defunct 1970
Headquarters 55 King Street, Manchester 2
Parent National Provincial Bank
Subsidiaries County Bank Limited

District Bank was a British retail bank which operated in England and Wales from 1829 until its merger into the National Westminster Bank in 1970; it remains a registered company but is dormant.[1] Considered one of the Little Six, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies.

Founded as a joint-stock bank, the Manchester and Liverpool District Banking Company immediately amalgamated with the private bank of Christy, Lloyd and Co. (established 1824).[2] Later it was able to purchase the following banks:

Date Acquisition Established
1844 Nantwich & South Cheshire Bank 1839
1844 Loyd, Entwisle & Co., Manchester 1771
1844 J. O. & G. Alcock, Burslem 1830
1909 Lancaster Banking Co. 1826
1916 Bank of Whitehaven 1786

In 1935, the bank merged with the County Bank (established 1862)[3] and the following year, District Bank Limited, as it had become known, was admitted to the London clearing house.[4]

Following acquisition by National Provincial Bank in 1962, the two banks maintained their separate identities and independent operations.[5]

Contents

National Westminster Bank

In 1968, National Provincial announced its merger with the Westminster Bank.[6] The District, National Provincial, and Westminster banks were fully integrated in the new firm's structure, while Coutts & Co. private bankers, Ulster Bank, and the Isle of Man Bank continued as separate operations. The statutory process of integration was completed in 1969 and the new company, National Westminster Bank Limited, opened its doors for business on 1 January 1970.[7] NatWest, as it became known, is now part of The Royal Bank of Scotland Group.

See also

References

  1. ^ No. 14251, incorporated 1 July 1880
  2. ^ Christy, Lloyd & Co. The Royal Bank of Scotland Group, Archive Guide (retrieved 5 April 2009)
  3. ^ County Bank The Royal Bank of Scotland Group, Archive Guide (retrieved 5 April 2009)
  4. ^ District Bank The Royal Bank of Scotland Group, Past Constituents (retrieved 19 November 2007)
  5. ^ National Provincial Bank The Royal Bank of Scotland Group, Past Constituents (retrieved 19 November 2007)
  6. ^ Westminster Bank The Royal Bank of Scotland Group, Past Constituents (retrieved 19 November 2007)
  7. ^ A short history of National Westminster Bank The Royal Bank of Scotland Group, 2005

Bibliography

  • Ashby, J. F. The Story of the Banks Hutchinson & Co., London, 1934
  • Reed, Richard National Westminster Bank: A Short History National Westminster Bank, London, 1989


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