Formed out of Hutton, Other & Co.

Had Branches at Bedale, Hawes, Leyburn & Marsham. 

Swaledale & Wensleydale Banking Co – 1836

Swaledale & Wensleydale Banking Co Ltd – 1881

Taken over by Barclay & Co - 1899

Well established private banks could often transform themselves into successful joint stock banks.  This was the case with the private firm of Hutton, Other & Co. of Richmond, which had successfully traded as the Richmond & Swaledale Bank since 1805. In 1836 this private bank was transformed into the Swaledale & Wensleydale Banking Company by the issue of 20,000 shares of £20 each with a first payment of £2-10-0d per share.  Significantly, most of the shares were distributed to existing partners of the pre-existing private bank of Hutton, Other & Co.

The picture above shows the unissued £20 banknote of the Swaledale and Wensleydale Banking Company. This example dates from the 1860’s and is a high quality and well designed banknote that was printed by Perkins & Bacon, Security Printers of London. The note has two excellent vignettes of Richmond Castle and Bolton Castle. The London agents are, “Messrs. Glynn, Mills, Currie & Co., Bankers, London”.  The bank also issued £5 notes of which issued examples are known. Local notes of a reputable bank such as these were exactly the type of notes that were commonly preferred instead of Bank of England notes. A branch of the Bank of England had been established in Leeds in 1827 but it had great difficulty in displacing the issues of such banks as the Swaledale & Wensleydale Banking Company.