Derby Trustee Savings Bank records

Scope and Content

Management and publicity records of the Derby Trustee Savings Bank, including annual reports, a letter book etc.

Administrative / Biographical History

The head office of Derby Savings Bank was opened on 2 February 1818, in the Grand Jury Room of the Old Town Hall. Its opening hours were 10 to 11am. Ann Child of South Normanton was the bank's first depositor opening her account with £50.

In 1828/9 the Savings Bank transferred to the New Assembly Rooms at the corner of Full Street and Market Place, the Town Hall was rebuilt.

At an annual meeting held on 2 January 1837 a decision was made to look for 'superior accommodation for the future conducting and management of the business of the Savings Bank. In a meeting held on 26 December 1838 it was confirmed that a piece of land had been purchased from Mr Crump for £500.

A building Committee was appointed to oversee the building of the new premises which cost £2800, £300 over budget. The new building was opened on 23 November 1840. Its opening hours were 11am-12.30pm Monday to Friday.

In 1877 George Rickard resigned as actuary because of ill health. As a result of a meeting held by the trustees on 31 January a resolution was passed recommending the Trustees to close the bank. There was a public outcry within the town against the decision, which was revoked at a meeting held on 6 February.

In 1891 a Special Investment Department was opened, and the hours of opening were extended to include evening openings on Thursdays and Saturday. Also, the banking room was enlarged. At some point between 1984-90 the bank moved to premises at 7 Irongate and was known as Derby City Centre branch.

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