Stourbridge and Kidderminster Bank explained

Stourbridge and Kidderminster Bank
Industry:Banking
Fate:Acquired
Successor:Birmingham Banking Company
Founded: in Stourbridge, England
Founder:James Foster
Hq Location City:Stourbridge
Hq Location Country:England

The Stourbridge and Kidderminster Bank was a bank that operated in England from 1834 until 1880 when it was taken over by the Birmingham Banking Company.[1]

History

The bank was established in April 1834 by the industrialist James Foster with an office in High Street, Stourbridge.[2] The building had been Foster's residence before his move to Stourton Castle. Originally called "Park House", it became known as "Bank House" after its conversion into offices. The first manager, John Amery and first cashier, Samuel Nock had living quarters in the bank building itself. Amery had been recruited from the Birmingham branch of the Bank of England.[3] On formation, the bank had paid-up capital of £34,000.[3] James Foster remained as chairman until 1850.[4]

In June 1834 a branch was opened at Kidderminster. In the same year it opened a branch in Bromsgrove and took over the business of Oldaker, Tomes and Chattaway in Stratford-on-Avon. The Bromsgrove branch was initially only open for 1 day per week, but in 1851, the company of Rufford Biggs failed, and the Stourbridge and Kidderminster obtained their premises at 93 High Street, Bromsgrove.

It was taken over by the Birmingham Banking Company in 1880.[5]

Branches

Notes and References

  1. Book: Fenn, Charles . 1837 . A compendium of the English and foreign funds, and the principal joint stock companies . Sherwood, Gilbert and Piper . 113 .
  2. News: . Stourbridge and Kidderminster Bank . Staffordshire Advertiser . England . 8 October 1836 . 13 August 2017 . British Newspaper Archive . subscription .
  3. Book: British Banking: A Guide to Historical Records. Orbell. John. Turton. Alison. 2017. Routledge. 9780754602958. Abingdon. 498. en.
  4. Book: Peacock. Roy. James Foster of Stourbridge. Roy Peacock. 2006. Black Country Society. 0904015785. 40–48.
  5. News: . Birmingham Banking Company Limited. Union with the Stourbridge and Kidderminster Bank . County Express; Brierley Hill, Stourbridge, Kidderminster and Dudley News . England . 17 April 1880 . 13 August 2017 . British Newspaper Archive . subscription .
  6. News: . Charlbury . Oxford Chronicle and Reading Gazette . England . 5 November 1853 . 13 August 2017 . British Newspaper Archive . subscription .
  7. News: . Stourbridge and Kidderminster Banking Company . Worcester Herald . England . 31 May 1834 . 13 August 2017 . British Newspaper Archive . subscription .
  8. News: . Stourbridge and Kidderminster Banking Company . Wolverhampton Chronicle and Staffordshire Advertiser . England . 9 April 1834 . 13 August 2017 . British Newspaper Archive . subscription .