11-39-20 Bury Tottington

The first of the larger amalgamations undertaken by the Lancashire and Yorkshire Bank happens in 1888 when it takes over the Branches of the Bury Banking Company Limited. Previously a full Branch, Tottington is one of two offices of the Bury Bank to become a sub Branch under its new owners, and this seems to have remained its fate under both Martins and Barclays. The doors are closed for the final time in August 1996 making Tottington one of the oldest and longest serving Branches in Martins’ portfolio. Together, the three sub-Branches at Elton The Rock, and Tottington provide a counter service to outlying areas of Bury throughout the lifetime of the modern day Martins Bank, 1928 to 1969.

In Service: Pre 1888 until 24 August 1996

Images © Barclays Ref: 0030-2962

In this extract from Four Centuries of Banking, we learn something of the deal that took place when the Lancashire and Yorkshire Bank took over the Bury Banking Company.

Under new ownership…

{The agreement for the amalgamation of the Bury Banking Compnay Limited with the Lancashire and Yorkshire Bank Limited was dated 12 January 1888. The Bury Bank agreed to sell to the Lancashire and Yorkshire Bank all its lands, buildings, furniture, goods, chattels, books, book debts, bills notes and things. The L and Y Bank was to pay £400,000 for the Bury Bank – just over £100,000 in cash and the remainder by 13,333 £20 shares in the L and Y.} { The Heywood Radcliffe and Ramsbottom Branches of the Bury Bank were to become full branches of the Lancashire and Yorkshire Bank, whilst Whitefield and Tottington became sub-branches to Bury…}