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The North Eastern Banking
Company opens its branch at 20 Fawcett Street Sunderland in 1889, some
twenty-five years before the merger with the Bank of Liverpool and Martins
that will see all of NEBC’s Branches becoming part of the modern day Martins
Bank. Sunderland is home to a large number of Martins Branches. The main branch is at Fawcett Street, with
sub branches at GRANGETOWN, HENDON and WASHINGTON. CHESTER ROAD is another full branch, as are MILLFIELD with a sub branch at PALLION, MONKWEARMOUTH with a sub branch at FULWELL, and SOUTHWICK with no sub branches. Of these
ten branches, seven date back to the 1920s or before, and three are added in
the 1960s in key business/shopping areas, to boost trade for the Bank. Four are inherited from the merger with the
North Eastern Banking Company in 1914, three are opened by the Bank of
Liverpool and Martins, and three by Martins Bank Limited. During 1964, Martins’ Branch at 20 Fawcett
Street undergoes major renovations, and the business is transferred
temporarily to no 56 Fawcett Street.
On 22 February 1965, the branch
is reopened to great local fanfare, with a full page feature in the local
newpaper, the Sunderland Echo. We are
grateful to the Echo for the images above, and for the article reproduced
further down this page. |
In Service: 2 January 1889 until
14 January 1983 Image © WARD PHILIPSON PHOTO MEMORIES – John A
Moreels M.B.E |
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We are also indebted to
Ward Philipson Photo Memories Archive for the external view of the newly
rebuilt branch, and also the following image which shows the counter at
Fawcett Street on the day it closed in 1963 to allow for the refurbishment of
the Branch: Before – functional
but showing its age Image © WARD PHILIPSON PHOTO MEMORIES – John A
Moreels M.B.E After – more
modern, bright and friendly Image © Martins Bank Archive Collections |
Images © Martins Bank Archive Collections Advertisements restored and remastered From originals - August 2021 |
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February 1965 TOWN BANK ADDS “NEW LOOK” TO ITS ASSETS Extensive alterations were recently completed at
the main Sunderland office of Martins Bank Limited
Fawcett Street and customers can now enjoy the benefits of banking in the
modern manner. As more and more people are
finding the advantages of using a cheque book, so Martins Bank is pursuing a.
policy of expansion, modernization and development which extends from the
use of computers to the rebuilding of branch offices. While the whole
concept of banking is changing, Bank architecture is changing too. Although
Martins Bank has a long tradition of 400 years of banking experience, the modern
interior design of the Sunderland Branch is entirely up-to-date, while
retaining the dignity which has always been associated with the Bank’s
architecture. BRIGHTER
BANKING The
improved interior of the Sunderland branch is in line with the Bank's policy
of modernization which is being pursued throughout the country. The interior
has been completely redesigned. The ground floor has been altered and
extended and the rear premises have been completely rebuilt. The front upper
floors have been retained and strengthened but the front has been rebuilt
with a steel-framed wall faced with Portland stone above the first floor,
and with South African and Cornish de Lank granite facings to the ground
floor. Anodised aluminium double
unit glazed windows and armour-plate doors are fitted to the front and a
canopy, the sides of which are illuminated, is provided over the entrance
doors. The Bank's name, in illuminated
built-up lettering, and its crest in coloured fibre-glass are attached to the
deep granite fascia. The large banking hall
on the ground floor has an extensive counter with modern facilities for the
cashiers and other officials. There is a separate department for overseas
business and securities, and a consultation room. The banking hall has a ceramic mosaic floor, and the
walls are finished in Australian walnut, coloured P.V.C., and wallpaper. The
ceiling throughout the ground floor is of acoustic tiling with recessed
modular light fittings. The fittings are mostly polished light oak with contrasting polished
Australian walnut. The management rooms have
polished teak built-in cupboards and furniture, fitted carpets, painted or
grass cloth covered walls, and suspended acoustic-tiled ceilings. The first floor houses a typist’s room, large machine
room and store. The rear portion of this floor is occupied by staff rooms. BANKING HISTORY SPANS 400
YEARS In 1963 Martins celebrated the 400th
anniversary of the founding of the business at the sign of the Grasshopper at
68 Lombard Street, the Bank's principal London Office. The grasshopper, adopted as the Bank's emblem, was part
of the family crest of Sir Thomas Gresham, who started a goldsmith's
business in 1563, a year before Shakespeare's birth. The link between the business of goldsmith and banker was
a logical one. The goldsmith needed a strong chest in which to store his
stock-in-trade, -and it followed that colleagues and business associates came
to him with their own valuables for safe keeping. Eventually Gresham began to lend money at the statutory
interest rate, and Built up his cash deposits by offering interest to the
depositors. As financial adviser to Mary
Tudor and Elizabeth I, he has the reputation of being the first English
banker. The Grasshopper building and records
were destroyed in the Great Fire of 1666, but the business survived. One of
its first —
and less reliable — customers was Charles II, who borrowed £300,000 and was
unable to return it. Thomas Martin, who
entered service at the Grasshopper in 1703, was probably the first to be
exclusively a banker. From this time
onwards, the Martins Family was continuously associated with the business.
The Bank became a limited company in 1891, and was acquired by the Bank of
Liverpool in 1918 and renamed the Bank of Liverpool and Martins The title was shortened to its present form ten years
later. BANKING
1965 Despite its background as one of the oldest
banks in the country, Martins has been at the forefront of modern banking
developments. It was the first bank in
the country to demonstrate the use of a computer for keeping customers'
accounts, and was one of the first pioneers in the use of machine systems for
cheque sorting and clearing operations. The first Martins Drive-In Bank was
opened in Leicester in 1959. GUIDING
THE BRANCH’S BUSINESS |
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MR A M
ELLIOTT Manager |
The Manager of the Sunderland branch of
Martins Bank is Mr A. M. Elliott. Born in Liverpool and educated at the Liverpool Institute High School, Mr
Elliott entered banking at Liverpool's Aigburth branch and later worked in
the Inspection Department at Head Office. Before becoming
manager of the Sunderland branch in 1957, Mr Elliott had been a Pro Manager
at Bristol, Manager at Speke and Hunts Cross branch in Liverpool, and Sub
Manager at the important Heywoods Branch, Liverpool. Mr Elliott lives at
Whitburn with his wife and four children. He is a member of the Sunderland
Club and the Whitburn Golf Club, and hon. treasurer of Sunderland (New
Estates) Church Fund and the local branch of the Church of England
Children's Society. Since November 1964, the assistant manager of the Sunderland
branch has been Mr G. D. Richardson, a native of South Shields. |
MR G D
RICHARDSON Assistant Manager |
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Mr Richardson was educated at the South
Shields High School and joined the Bank's East Boldon Branch in 1942. Between
1944 and 1947 he served in the R.A.F. and spent some of that time in Canada.
He served at various branches and at the North Eastern District Office in
Newcastle before becoming clerkincharge at a Gateshead branch and was then
appointed promanager at the main Gateshead office. In 1961 he became an
inspector at Liverpool District Office. Mr Richardson
now lives in Cleadon with his wife and two children. He is treasurer of the Sunderland and
Durham Centre of the Institute of Bankers and of the Grindon and Havelock
Hospitals League of Friends. Article Text and black and white images © Sunderland Echo 1965. Forty-Five years of service… In our feature below, Mr
R S Clark retires as Pro Manager of Sunderland Fawcett Street after an
amazing forty-five years of service to the Bank. These really are the days when “a job for
life” is the norm! After
nearly 45 years' service, Mr. R. S. Clark, Pro Manager of Sunderland branch,
retired on January 31st. Over forty of his present and former colleagues
assembled to bid him farewell, including the managers of six neighbouring
branches. Mr. Mason, Manager of
Sunderland branch, in making a presentation, expressed the wishes of all
present for a long and happy retirement. Many messages of goodwill were
received also from customers of the Bank. Mrs. Clark was presented with a
handbag and Miss Norah Smith, senior lady clerk, handed her a bouquet. Mr. Clark commenced his banking career in
1905 at Westgate Road branch, Newcastle upon Tyne. During the first World War
he served in the Machine Gun Corps and from 1928 to 1935 was on the
North-Eastern District Relief Staff before being appointed Pro Manager and
Chief Cashier at Sunderland branch in 1935. ANOTHER “FIRST” for Martins Bank! Known for a
notable number of FIRSTS, Martins Bank
becomes the first bank to adapt its telephone answering equipment for use by
a blind telephonist, when its rebuilt branch at 20 Fawcett Street Sunderland
re-opens on 22 February 1965. Martins
Bank Magazine publishes the following short piece in its “News from the
Districts” section… PABX at
Sunderland. Sunderland
branch occupied their modernised premises on February 22nd and in the new
office is a PABX No 1
Telephone Installation, specially adapted for use by a blind operator, Mr J.
Carr. The Blind Persons Resettlement Officer of the local Ministry of Labour
office says that so far as he is aware this is the first installation in this
country to be so adapted. Mr Carr, who received two half-days' instruction in
the new equipment, is fully confident that he can manage it. |
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