The Palatine Bank – which is established in 1899 as a kind of “People’s Bank” to manage the small cash savings
of some of the poorest people in Manchester, amalgamates with the Bank of
Liverpool and Martins in 1919. Amongst
the Branches gained is 4 Market Street Heywood, which is operated by the Bank
of Liverpool and Martins for a further nine years. The Lancashire and Yorkshire Bank, which by
comparison was always a much larger concern than the Palatine, already had
its own larger Branch at 29 Market Place, when it merged with the Bank of
Liverpool and Martins in 1928 creating the modern day Martins Bank. Suddenly
finding itself the smaller of the Heywood Branches, 4 Market Street is closed
- a casualty of consolidation – after only a few months as a Branch of the
new Martins Bank. The business is transferred to 29 Market Place as is the
Manager of 4 Market Street Mr Frank Mills.
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