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

Author

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  • Mitchell Larson
  • Karen Ward
  • John Wilson

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.

Suggested Citation

  • Mitchell Larson & Karen Ward & John Wilson, 2010. "Banking from Leeds, not London: regional strategy and structure at the Yorkshire Bank, 1859-1952," Accounting History Review, Taylor & Francis Journals, vol. 20(2), pages 117-133.
    • Handle: RePEc:taf:acbsfi:v:20:y:2010:i:2:p:117-133
    DOI: 10.1080/09585206.2010.485744
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    Citations

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    Cited by:

    1. Hotori, Eiji, 2023. "Alexander Allan Shand and Parr's Bank: Roles as a director from 1909 to 1918," eabh Papers 23-02, The European Association for Banking and Financial History (EABH).
    2. Mark Billings & Simon Mollan & Philip Garnett, 2021. "Debating banking in Britain: The Colwyn committee, 1918," Business History, Taylor & Francis Journals, vol. 63(6), pages 944-965, August.
    3. Sara Moggi & Gina Rossi & Chiara Leardini, 2019. "How to be accountable to local stakeholders: A lesson from savings banks," CONTABILIT? E CULTURA AZIENDALE, FrancoAngeli Editore, vol. 0(2), pages 35-67.

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