Records relating to the failure of Birmingham Banking Company and the take over of Dudley branch by Lloyds.
Birmingham Banking Company Records
Scope and Content
Administrative / Biographical History
This joint-stock bank was established in 1829 in Birmingham. It was based upon the business of the Birmingham private bankers Gibbins & Lovell, established in 1825. One of the founding directors was Joseph Gibbins, well known as a promoter of joint-stock banks and son of Joseph, a local non-ferrous metal trader. Paul James was also a founding director who had formerly managed the Birmingham private bankers Galton & James, founded in 1804.
The firm grew rapidly and by the mid 1830s it was one of Birmingham's strongest banks. It absorbed other businesses, including its major rival, the Bank of Birmingham, established in 1832.
During the financial crisis of 1866 the bank suffered severe liquidity problems and failed. Lloyds took over the Walsall and Dudley branches. However, the Birmingham Banking Company was soon reopened and was acquired by Midland Bank in 1914.
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