Bank Of Williams And Rowland
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The Bank of Williams and Rowland was a
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 ...
established in the 19th century and operating in
Neath Neath (; cy, Castell-nedd) is a market town and Community (Wales), community situated in the Neath Port Talbot, Neath Port Talbot County Borough, Wales. The town had a population of 50,658 in 2011. The community of the parish of Neath had a po ...
, in south
Wales Wales ( cy, Cymru ) is a Countries of the United Kingdom, country that is part of the United Kingdom. It is bordered by England to the Wales–England border, east, the Irish Sea to the north and west, the Celtic Sea to the south west and the ...
. The Bank was formed as a result of a business association between Rees Williams of Aberpergwm House, Glynneath, and John Rowland, both well respected local businessmen, in around 1821.Belcham, E., F., ‘About Aberpergwm: The Home of the Williams family in the Vale of Neath, Glamorgan’, published by Heritage Ventures, The Bank lasted for nearly 30 years and weathered the
Panic of 1825 The Panic of 1825 was a stock market crash that started in the Bank of England, arising in part out of speculative investments in Latin America, including an imaginary country: Poyais. The crisis was felt most acutely in Britain, where it led to ...
, which wrecked many other banks. The Bank's notes came to be used locally by ‘Country Gentlemen and Farmers’ more so than the
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...
’s notes. The Bank merged with the Glamorganshire Banking Company in 1836.


References

Defunct banks of Wales Neath 1820s establishments in Wales {{Wales-company-stub