Nostalgia with Margaret Watson: Our changing banking habits

Margaret Watson writes: Dewsbury used to be spoiled for choice when it came to deciding which bank to put your money in because you had so many to choose from - and you had no trouble pronouncing their names.

Not today I’m afraid because when it comes to banking, there is change in the air, and not only are they changing their names but they’re also on the move.

They are no longer on our doorstep as in days of yore and you are lucky if you even have one in the town centre.

For, one by one they are closing down or moving from smaller towns and villages into bigger towns and cities, sometimes miles away.

Most of us can remember the days when even small villages like Earlsheaton and Ravensthorpe had their own bank, sometimes two. Oh happy days!

But there’s nothing we can do about it because time is marching on and we have to adjust to the changes taking place, even though they’re coming at a fast pace..

Dewsbury people, however, cannot grumble too much because they still have a few banks left, where, Covid permitting, they can still get face to face attention when needed.

Perhaps the reason Dewsbury always had a good many banks was because we were once a prosperous textile town with plenty of money to invest.

Banks were quick to move here and always made sure they erected impressive buildings which would attract new customers and help them compete with other banks.

And they didn’t seem to concern themselves as to how many buildings would have to be pulled down to accommodate theirs.

Today, we get upset when much loved buildings are demolished to be replaced by buildings we don’t often like.

But pulling down buildings was nothing new for the old Dewsbury Corporation long before Kirklees Council came into the picture and started preserving historic buildings.

Before then many quaint, historic buildings in the town centre, particularly in Northgate where the London and Yorkshire Bank built their new premises in 1890, were demolished.

But many more old buildings would also be demolished in Dewsbury, including the historic ivy-clad vicarage of Dewsbury Parish Church which was pulled down to make way for a road widening scheme.

Also demolished was the Moot Hall, one of the oldest Saxon buildings in the world, as well as the centuries old Manor House, razed to the ground to make way for the Empire Theatre, which itself was also to be pulled down later.

I doubt if there is anyone alive who will remember the London and Yorkshire Bank.

But if I say National and Provincial Bank, most people will recognise it because that is what it eventually became.

And, if I say NatWest bank, I’m sure even our very young readers will know where that was, and still is, because that was its last name change.

When this bank moved to Dewsbury, the town was rapidly growing in size and prosperity, and was doing everything in its power to attract industry and commerce.

It was stated when the London and Yorkshire Bank moved into its impressive new building in 1890 that “such a prosperous and important centre as Dewsbury could not be overlooked by them”.

Some years later in one of its balance sheets it showed that the investments of the bank had already exceeded £500,000 sterling, an amount which may sound like peanuts today but at that time would have been millions.

Looking at the picture above, one has to ask where all the shops went to after being pulled down to make way for this particular bank?