This bank was founded in 1836 with capital of £100,000, to carry on the business of banking in Lichfield, Rugeley and Tamworth. It took over the business and premises of the Tamworth branch of the failed Northern & Central Bank of England in 1837, but soon ran into difficulties itself. Another major bank failure in the area threatened serious repercussions for all newly-formed joint stock banks, and to protect its local interests National Provincial Bank of England opened a supporting branch in temporary premises at Tamworth in late 1837. Negotiations were begun for it to take over the business of the Lichfield, Rugeley & Tamworth Banking Co, but agreement was not reached until 1838. The winding up of Lichfield, Rugeley & Tamworth Banking Co took several years.
Summary of our archive holdings
Our archival records of Lichfield, Rugeley & Tamworth Banking Co have the reference code LIC.
For help understanding words used here, check our glossary of banking record types (PDF 68KB).
- poster relating to the sale of branch premises 1838