Yorkshire Bank

thing and bank

Aged 165

Yorkshire Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in England. The Yorkshire Bank was founded in 1859 as the West Riding of Yorkshire Provident Society and Penny Savings Society but the Provident Society was soon abandoned and the Bank then traded as the West Riding of Yorkshire Penny Savings Bank. After further abbreviations, its present name was adopted in 1959. The Bank's model was unique in that it directly owned an extensive network of penny banks, remitting funds into a Central Office. By the late nineteenth century, it was larger than any of the Trustee Savings Banks. However, the Bank faced a potential withdrawal of savings in 1911 and was acquired by a consortium of clearing banks. The Bank was acquired by National Australia Bank (NAB) in 1990 and was merged into another NAB subsidiary, Clydesdale Bank in 2005, continuing to operate as a distinct trading division. In 2016 NAB divested its UK operations as CYBG plc which went on to acquire Virgin Money plc in 2018. The Yorkshire Bank name is being phased out in favour of the Virgin Money brand.

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Commemorated on 1 plaque

1 Albert Road 1872 This building was designed in the French Gothic style by Gordon Hoskins for the bankers K. Backhouse and Company. The southern part of the building was used as a house for the bank manager. It was occupied by the Yorkshire Bank until the 1980's.

1 Albert Road, Middlesbrough, United Kingdom where it was