PLYMOUTH |
The Encyclopaedia of Plymouth History |
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THREE TOWNS BANKING COMPANY The Three Towns British Mutual Subscription Loan Society was founded in 1850. It transformed itself into a joint stock bank in 1863 or 1864, when it was situated at 12 Edgcumbe Street, Stonehouse, which it rented for £50 a year. On March 28th 1877 the Bank purchased the lease of these premises from the Earl of Mount Edgcumbe for £800. Mr William Adams Clark became chairman of the Banking Company in 1874. They opened a branch at 64 Old Town Street, Plymouth, in 1875 and this was managed by Mr Thomas Waldo How. Business boomed and the premises became a great inconvenience to both staff and customers. On Monday December 24th 188 the Bank moved in to new premises on the corner of Old Town Street and Drake Street. It had formerly been the Lord Exmouth Inn and had been adapted for its new purpose by Mr Thomas Andrew Bearhope Kennedy, of Glanville Street, Plymouth. Read description ..... Following the death of the general manager, Mr Thomas Skinner Bayly, Mr Thomas Waldo How was promoted to fill his post, with a Mr Edward James Adams becoming the new manager of the Plymouth branch. On April 28th 1890 the Three Towns Banking Company was absorbed into the Devon & Cornwall Banking Company.
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