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Ruthwell Savings Bank
Ruthwell Savings Bank, the first of its kind, was formed in Ruthwell in 1810, by the Rev. Henry Duncan. Although a pioneer in savings bank history, the Ruthwell achieved limited commercial success and was taken over by the Annan Savings Bank in 1875. History Formation The Ruthwell Parish Savings Bank was founded in the parish of Ruthwell near Dumfries, Scotland in 1810, and is widely held to be the first bank of its type. Its founder was the Rev. Henry Duncan, regarded as the “father of savings banks”.H Oliver Horne, ''A History of Savings Banks'', Oxford, 1947 Duncan was born in 1774 near Dumfries and after two years at the University of St Andrews he took a job in 1790 at Arthur Heywood & Co., a Liverpool banking house. Tiring of banking, he decided to follow his father into the church and attended both Edinburgh and Glasgow Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ruthwell
Ruthwell is a village and parish on the Solway Firth between Dumfries and Annan in Dumfries and Galloway, Scotland. Thomas Randolph, Earl of Moray, gave Ruthwell to his nephew, Sir William Murray, confirmed to Sir John Murray, of Cockpool, in 1509 by King James VI. He was later given the title Earl of Annandale: their landownings in Ruthwell passed by inheritance to Lord Stormont in 1658, and after 1792 to the Earls of Mansfield. Ruthwell's most famous inhabitant was the Rev. Henry Duncan. He was a minister, author, antiquarian, geologist, publisher, philanthropist, artist and businessman. In 1810 Dr Duncan opened the world's first commercial savings bank, Ruthwell Savings Bank, paying interest on its investors' modest savings. The Savings Bank Museum tells the story of early home savings in Britain. The museum is on the site of the Ruthwell Savings Bank. In 1818, Duncan restored the Ruthwell Cross, one of the finest Anglo-Saxon crosses in the United Kingdom, now in Rut ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dumfries
Dumfries ( ; sco, Dumfries; from gd, Dùn Phris ) is a market town and former royal burgh within the Dumfries and Galloway council area of Scotland. It is located near the mouth of the River Nith into the Solway Firth about by road from the Anglo-Scottish border and just away from Cumbria by air. Dumfries is the county town of the historic county of Dumfriesshire. Before becoming King of Scots, Robert the Bruce killed his rival the Red Comyn at Greyfriars Kirk in the town on 10 February 1306. The Young Pretender had his headquarters here during a 3-day sojourn in Dumfries towards the end of 1745. During the Second World War, the bulk of the Norwegian Army during their years in exile in Britain consisted of a brigade in Dumfries. Dumfries is nicknamed ''Queen of the South''. This is also the name of the town's professional football club. People from Dumfries are known colloquially in Scots language as ''Doonhamers''. Toponymy There are a number of theories on the etymo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Scotland
Scotland (, ) is a country that is part of the United Kingdom. Covering the northern third of the island of Great Britain, mainland Scotland has a border with England to the southeast and is otherwise surrounded by the Atlantic Ocean to the north and west, the North Sea to the northeast and east, and the Irish Sea to the south. It also contains more than 790 islands, principally in the archipelagos of the Hebrides and the Northern Isles. Most of the population, including the capital Edinburgh, is concentrated in the Central Belt—the plain between the Scottish Highlands and the Southern Uplands—in the Scottish Lowlands. Scotland is divided into 32 administrative subdivisions or local authorities, known as council areas. Glasgow City is the largest council area in terms of population, with Highland being the largest in terms of area. Limited self-governing power, covering matters such as education, social services and roads and transportation, is devolved from the Scott ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Henry Duncan (minister)
Henry Duncan FRSE (8 October 1774 – 12 February 1846) was a Scottish minister, geologist and social reformer. The minister of Ruthwell in Dumfriesshire, he founded the world's first mutual savings bank that would eventually form part of the Trustee Savings Bank. He served as Moderator of the General Assembly of the Church of Scotland in 1839. At the Disruption has left the Church of Scotland and sided with the Free Church. He was also a publisher, a philanthropist and an author, writing novels as well as works of science and religion. Early life Duncan was born in 1774 at Lochrutton, Kirkcudbrightshire, where his father, George Duncan, was minister. As a boy he met the poet Robert Burns, who visited Lochrutton Manse. Duncan was educated in Dumfries at the Academy. After studying for two sessions at St. Andrews University he was sent to Liverpool to begin commercial life, and under the patronage of his relative, Dr. James Currie, the biographer of Robert Burns, his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
University Of St Andrews
(Aien aristeuein) , motto_lang = grc , mottoeng = Ever to ExcelorEver to be the Best , established = , type = Public research university Ancient university , endowment = £117.7 million (2021) , budget = £286.6 million (2020–21) , chancellor = The Lord Campbell of Pittenweem , rector = Leyla Hussein , principal = Sally Mapstone , academic_staff = 1,230 (2020) , administrative_staff = 1,576 , students = () , undergrad = () , postgrad = () , doctoral = , other = , city = St Andrews , state = , country = Scotland , coordinates = , campus = College town , colours = United College, St Andrews St Mary's College School of Medicine S ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liverpool
Liverpool is a city and metropolitan borough in Merseyside, England. With a population of in 2019, it is the 10th largest English district by population and its metropolitan area is the fifth largest in the United Kingdom, with a population of 2.24 million. On the eastern side of the Mersey Estuary, Liverpool historically lay within the ancient hundred of West Derby in the county of Lancashire. It became a borough in 1207, a city in 1880, and a county borough independent of the newly-created Lancashire County Council in 1889. Its growth as a major port was paralleled by the expansion of the city throughout the Industrial Revolution. Along with general cargo, freight, and raw materials such as coal and cotton, merchants were involved in the slave trade. In the 19th century, Liverpool was a major port of departure for English and Irish emigrants to North America. It was also home to both the Cunard and White Star Lines, and was the port of registry of the ocean li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edinburgh
Edinburgh ( ; gd, Dùn Èideann ) is the capital city of Scotland and one of its 32 Council areas of Scotland, council areas. Historically part of the county of Midlothian (interchangeably Edinburghshire before 1921), it is located in Lothian on the southern shore of the Firth of Forth. Edinburgh is Scotland's List of towns and cities in Scotland by population, second-most populous city, after Glasgow, and the List of cities in the United Kingdom, seventh-most populous city in the United Kingdom. Recognised as the capital of Scotland since at least the 15th century, Edinburgh is the seat of the Scottish Government, the Scottish Parliament and the Courts of Scotland, highest courts in Scotland. The city's Holyrood Palace, Palace of Holyroodhouse is the official residence of the Monarchy of the United Kingdom, British monarchy in Scotland. The city has long been a centre of education, particularly in the fields of medicine, Scots law, Scottish law, literature, philosophy, the sc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Glasgow
Glasgow ( ; sco, Glesca or ; gd, Glaschu ) is the most populous city in Scotland and the fourth-most populous city in the United Kingdom, as well as being the 27th largest city by population in Europe. In 2020, it had an estimated population of 635,640. Straddling the border between historic Lanarkshire and Renfrewshire, the city now forms the Glasgow City Council area, one of the 32 council areas of Scotland, and is governed by Glasgow City Council. It is situated on the River Clyde in the country's West Central Lowlands. Glasgow has the largest economy in Scotland and the third-highest GDP per capita of any city in the UK. Glasgow's major cultural institutions – the Burrell Collection, Kelvingrove Art Gallery and Museum, the Royal Conservatoire of Scotland, the Royal Scottish National Orchestra, Scottish Ballet and Scottish Opera – enjoy international reputations. The city was the European Capital of Culture in 1990 and is notable for its architecture, cult ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Edinburgh Savings Bank
Formed in 1836, the Edinburgh Savings Bank was successor to the Edinburgh Bank for Savings, which dated back to 1814. Although formed after the Ruthwell Savings Bank, the Edinburgh provided the model for future savings banks. By the end of World War two, it was second in size only to the Glasgow Savings Bank. In 1975, Edinburgh merged with three other Scottish savings banks to form an enlarged South of Scotland TSB. History The Edinburgh Savings Bank was, in essence, a continuation of The Edinburgh Bank for Savings; that grew out of the Edinburgh Society for the Suppression of Beggars, and it opened its doors in January 1814. The chief promoter was JH Forbes, son of banker Sir William Forbes of Pitsligo. The Bank's early history was notable for “One of the wordiest warfares in the history of savings banks”. This revolved around the claims made by Forbes and the Reverend Henry Duncan, founder of the Ruthwell Savings Bank, as to which of the two was the first savings bank. Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1810
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Disestablished In 1875
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of Scotland
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
