Records of A. Butlin & Son, including bankers' licences to issue promissory notes and amalgamation papers.
A. Butlin & Son Records
Scope and Content
Administrative / Biographical History
This private bank traces its origins to Samuel Clay's bank which was purchased in about 1790 by William Butlin, a draper of Rugby. After Butlin's death, his wife Anne carried on the firm under the title A. Butlin & Son.
The bank was struggling to compete against the emerging joint-stock banks and no younger generations of the family was ready to take on the business. As a result, in 1868 Lloyds acquired the bank for £15,000, representing three years' profits. Howard Lloyd thought it a good deal, the business being in such a healthy state.
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