York County Savings Bank
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York County Savings Bank
The York County Savings Bank was a savings bank based in York, in England. At one time, it was the third largest savings bank in the country. History The bank was established on 13 July 1816, on the initiative of the Corporation of York, as the York Savings Bank. Its aim was to encourage labourers and servants to save money. Around the time of its founding, several commercial banks failed, and this initially limited confidence in it; on the day of opening on the corner of Davygate and New Street, only two deposits were made. However, it was promoted by the local newspapers, and by 1823, £70,923 had been deposited by 1,854 individuals. A savings bank was opened in Tadcaster around 1820, and it developed a close relationship with the York bank, being widely regarded as a branch office. However, it was not sustainable, and was closed in 1829. The following year, the York bank opened a large new headquarters building, on St Helen's Square. In 1837, it opened a branch in Pock ...
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Savings Bank
A savings bank is a financial institution whose primary purpose is accepting savings account, savings deposits and paying interest on those deposits. History of banking, They originated in Europe during the 18th century with the aim of providing access to Wealth, savings products to all levels in the population. Often associated with social good, these early banks were often designed to encourage low-income people to Saving, save money and have access to banking services. They were set up by governments or by socially committed groups or organisations such as with credit unions. The structure and legislation took many different forms in different countries over the 20th century. Savings banks and Savings and loan association, savings-and-loans are often confused. The original function of savings banks to service consumers was limited to savings. Savings banks invested in Government debt, government and Corporate bond, corporate debt. Savings and loan associations had a dual p ...
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York
York is a cathedral city with Roman origins, sited at the confluence of the rivers Ouse and Foss in North Yorkshire, England. It is the historic county town of Yorkshire. The city has many historic buildings and other structures, such as a minster, castle, and city walls. It is the largest settlement and the administrative centre of the wider City of York district. The city was founded under the name of Eboracum in 71 AD. It then became the capital of the Roman province of Britannia Inferior, and later of the kingdoms of Deira, Northumbria, and Scandinavian York. In the Middle Ages, it became the northern England ecclesiastical province's centre, and grew as a wool-trading centre. In the 19th century, it became a major railway network hub and confectionery manufacturing centre. During the Second World War, part of the Baedeker Blitz bombed the city; it was less affected by the war than other northern cities, with several historic buildings being gutted and restore ...
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Davygate
Davygate is a major shopping street in the city centre of York, in England. History During the Roman period, the site of Davygate lay just inside the city walls, and was covered by barracks. In the 12th-century, the land on which the street now lies was given to John, the King's Larderer. By 1226, it was owned by his son, David, who was living in a house on the land, which became known as Davy Hall. A street gradually developed, which became known as "Davygate", after the hall. The hall itself became the prison of the Forest of Galtres. By the mid-16th century, the hall was regarded as a liberty, outside the jurisdiction of the city, and it had been divided into tenements, where poor artisans could live, and make and sell goods without paying taxes or adhering to quality standards. It was demolished in 1744, and the site was used partly for a new graveyard for St Helen's, Stonegate, and partly to construct New Street. St Helen's former graveyard, at the north-west end ...
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New Street (York)
New Street is a road in the city centre of York, in England. History The street was planned in 1745. Two houses were demolished, a derelict one facing Coney Street, and Davy Hall, on Davygate. It was paved in 1747 and was originally named Cumberland Row. By the early-19th century, the street was generally known as "New Street". In 1891, the street was widened, and some buildings at the north-east end of the street were demolished. In 1805, the Methodist New Street Chapel was opened on the street. It closed in 1908, becoming the Central Mission, and then from 1910 a variety theatre. In 1922, it became the Tower Cinema. It closed in 1966 and was replaced by the Davygate Arcade, which has since also been demolished. The street is now home to a mixture of shops and bars, with the City of York Council noting that it is a secondary shopping street, with the sides of some buildings facing the street. The ''York Mix'' has noted ongoing issues with alcohol-related disorder on th ...
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Tadcaster
Tadcaster is a market town and civil parish in the Selby district of North Yorkshire, England, east of the Great North Road, north-east of Leeds, and south-west of York. Its historical importance from Roman times onward was largely as the lowest road crossing-point on the River Wharfe until the construction of the A64 Tadcaster by-pass some to the south, in 1978. There are two rail crossings downstream of the town before the Wharfe joins the River Ouse near Cawood. Tadcaster is twinned with Saint-Chély-d'Apcher in France. The town was part of the West Riding of Yorkshire until 1974, but is now part of North Yorkshire. Thanks to its position on the banks of the River Wharfe parts of the town adjacent to the bridge are prone to flooding. History Roman The Romans built a settlement and named it ''Calcaria'' from the Latin word for ''lime'', reflecting the importance of the area's limestone geology as a natural resource for quarrying, an industry which continues and has ...
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York County Savings Bank Building
The York County Savings Bank Building is a historic building in the city centre of York, in England. The York County Savings Bank was established in 1816, and in 1829 it purchased a large timber-framed house on St Helen's Square, from R. Cattle. Watson, Pritchett and Watson designed a new headquarters building for the bank on the site, which was completed in March 1830, at a total cost of £4,691. In the early 20th century, the position of the doors was moved, and the internal ground floor layout was altered. In 1924, it was extended to the north-west, along Blake Street. In 1976, the bank became part of the Trustee Savings Bank (TSB). The ground floor was further altered in 1991. The TSB became part of Lloyds TSB, then independent again before leaving the building in 2015. In 2022, the building was converted into the Impossible Motel. The original part of the building has two storeys and is built of brick, but is faced with sandstone which was quarried near Huddersfie ...
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St Helen's Square
St Helen's Square is an open space in the city centre of York, England. History During the Roman era, Eboracum's south-western gate, the ''porta praetorian'', lay where the square is now located. Until the mid-18th century, much of the space was occupied by the graveyard of St Helen's, Stonegate. The streets of Stonegate and Davygate ran either side of the graveyard, meeting Coney Street at a junction known as "Cuckold's Corner". In addition, a footpath ran across the graveyard, linking Davygate with the junction of Stonegate and Blake Street. In 1745, St Helen's was given a plot of land on Davygate for use as a new graveyard, and the old graveyard was paved over, to form St Helen's Square. In the early 20th-century, the square was enlarged to the south-east, giving it a more regular, rectangular, shape. The York Tavern, built on the square in 1770, became one of two main departure points for stagecoaches to London. By 1818, Terry's had set up its shop on the square, ...
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Pocklington
Pocklington is a market town and civil parish situated at the foot of the Yorkshire Wolds in the East Riding of Yorkshire, England. The 2011 Census recorded its population as 8,337. It is east of York and northwest of Hull. The town's skyline is marked by the 15th-century west tower of All Saints' parish church. Pocklington is at the centre of the ecclesiastical Parish of Pocklington, which also includes the hamlet of Kilnwick Percy and outlying farms and houses. History Pocklington gets its name via the Old English "Poclintun" from the Anglian settlement of Pocel's (or Pocela's) people and the Old English word "tun" meaning farm or settlement, but though the town's name can only be traced back to around 650 AD, the inhabitation of Pocklington as a site is thought to extend back a further 1,000 years or more to the Bronze Age. Pocklington appears on the 14th-century Gough Map, the oldest route map in Great Britain. In the Iron Age Pocklington was a major town ...
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Run On The Bank
A bank run or run on the bank occurs when many clients withdraw their money from a bank, because they believe the bank may cease to function in the near future. In other words, it is when, in a fractional-reserve banking system (where banks normally only keep a small proportion of their assets as cash), numerous customers withdraw cash from deposit accounts with a financial institution at the same time because they believe that the financial institution is, or might become, insolvent; they keep the cash or transfer it into other assets, such as government bonds, precious metals or gemstones. When they transfer funds to another institution, it may be characterized as a capital flight. As a bank run progresses, it may become a self-fulfilling prophecy: as more people withdraw cash, the likelihood of default increases, triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. To combat a bank run, a bank ...
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Scarborough, North Yorkshire
Scarborough () is a seaside town in the Borough of Scarborough in North Yorkshire, England. Scarborough is located on the North Sea coastline. Historic counties of England, Historically in the North Riding of Yorkshire, the town lies between 10 and 230 feet (3–70 m) above sea level, from the harbour rising steeply north and west towards limestone cliffs. The older part of the town lies around the harbour and is protected by a rocky headland. With a population of 61,749, Scarborough is the largest seaside resort, holiday resort on the Yorkshire Coast and largest seaside town in North Yorkshire. The town has fishing and service industries, including a growing digital and creative economy, as well as being a tourist destination. Residents of the town are known as Scarborians. History Origins The town was reportedly founded around 966 AD as by Thorgils Skarthi, a Viking raider, though there is no archaeological evidence to support these claims, made during the 1960s, as p ...
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Whitby
Whitby is a seaside town, port and civil parish in the Scarborough borough of North Yorkshire, England. Situated on the east coast of Yorkshire at the mouth of the River Esk, Whitby has a maritime, mineral and tourist heritage. Its East Cliff is home to the ruins of Whitby Abbey, where Cædmon, the earliest recognised English poet, lived. The fishing port emerged during the Middle Ages, supporting important herring and whaling fleets, and was where Captain Cook learned seamanship and, coincidentally, where his vessel to explore the southern ocean, ''The Endeavour'' was built.Hough 1994, p. 55 Tourism started in Whitby during the Georgian period and developed with the arrival of the railway in 1839. Its attraction as a tourist destination is enhanced by the proximity of the high ground of the North York Moors national park and the heritage coastline and by association with the horror novel '' Dracula''. Jet and alum were mined locally, and Whitby jet, which was mined by th ...
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Trustee Savings Bank
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 ...
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