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A game of
musical chairs… One of the consequences of banking mergers, acquisitions and
amalgamations was often a sudden ‘glut’ of branches in a particular town.
This was sometimes advantageous, but when those branches were in the same
street, it was not always efficient to keep them all open.
In Burnley’s case Martins Bank had three branches in the town
centre – one in St James’ Street, and TWO in
Hargreaves Street, just six doors apart from each other. 1930 saw the first
programme of branch closures since the bank became Martins Bank Limited in
1928, and the decision was taken to close No 7 Hargreaves, and move the
business to No 13.
Martins became very successful in Burnley, and over the following
thirty years business grew to the point where the two remaining branches were
past their prime, and finding it difficult to cope. Thus, in 1963, a fourth town centre branch
took their place – in a new location at MANCHESTER ROAD. |
This building in Service:
1874 until 1930
Image © Martins Bank Archive Collections – W N Townson Estate
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This saw the business of two local branches – 13 Hargreaves Street and
St James’s Street – transferring over the Whitsun Holiday weekend to a newly
built, modern looking and streamlined office.
This completes Burnley’s game of musical chairs… |
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Intellectual Property Rights ©
Martins Bank Archive Collections 1988 to date. |
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