| Code | DS/UK/22 |
| Corporate Name | Bank of England Gloucester Branch |
| Dates | 1826 - 1849 |
| Activity | When the Bank decided to open branches in 1826, Gloucester was one of the first towns considered due to the recent failures of many banks in the area and the consequent distress of local traders and businessmen. Before the end of June 1826 'spacious and centrical' premises in Northgate (now Northgate Street), formerly the premises of bankers Turner, Turner and Morris, had been acquired by the Bank and the branch opened for business on 19 July 1826. Charles Cripps, a banker in Cirencester and Cheltenham, was appointed as the first Agent (and the first Agent of the Bank of England). He was given the help of a Sub-Agent (Ambrose Barnard) and four clerks and two porters, selected from employees at Head Office. The branch was open from 9-3.30pm and it was not until 1831 that the branch began making a profit. The branch was never very successful. Local traders preferred country notes and when Mr Turner returned again to banking in 1833, some of the branch's customers were lost to the local banker. In 1834 Mr Cripps resigned as Agent and his successor, John Welsford Cowell, failed to improve the fortunes of the branch. In October 1848, it was decided that the branch should be closed. When it closed in 1849, the business was transferred to Bristol. |
| Source | Sources: Clapham and M7/109 |
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