Commercial Banking Co of Aberdeen

Commercial Banking Co of Aberdeen (1778-1833) was a past constituent of the Royal Bank of Scotland.

This co-partnership bank was established in 1778 in Castle Street, Aberdeen, by 16 local merchants and manufacturers. It issued its own notes and briefly (around 1783) operated a branch in Arbroath. On establishment its shares were issued in denominations of £1,500 and by 1810 the bank had become so profitable that each share was worth £6,880.

In 1833, when the co-partnership was dissolved, the bank had £20,000 notes in circulation and £90,000 on deposit. The business and premises were taken over by National Bank of Scotland.

Published history

• Over Two Centuries of Banking in Aberdeen (Edinburgh: privately published by the Royal Bank of Scotland, 1996)

Our archive holdings

A summary list of our archival records of Commercial Banking Co of Aberdeen can be found on the Archives Hub website.