Banking from Leeds, not London: regional strategy and structure at the Yorkshire Bank, 1859-1952

Mitchell Larson, Karen Ward and John Wilson

Accounting History Review, 2010, vol. 20, issue 2, 117-133

Abstract: Industrial philanthropist Edward Akroyd created the Yorkshire Penny Savings Bank in 1859. Despite competition from the Post Office Savings Bank after 1861 and a serious reserve problem in 1911, it sustained his overall strategy to become a successful regional bank. Using archival and contemporary sources to build on recent scholarship illustrating how savings banks were integrated into local economies and the complementary roles of philanthropy and paternalism, we analyse an English regional bank's strategy, including an assessment of strategic innovation, ownership changes and management structure. This will demonstrate that the founder's vision continued, even though the 1911 crisis radically altered both strategy and structure.

Keywords: penny savings banks; Edward Akroyd; regional strategy and structure; Yorkshire Penny Bank; philanthropy; Midland Bank (search for similar items in EconPapers)
Date: 2010
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DOI: 10.1080/09585206.2010.485744

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