Leading bank HSBC UK – overall sponsor of Birmingham Press Club – is celebrating the 125th anniversary of its branch in Tamworth.
The branch, currently situated at 10 Market Street, formally opened on 1st December 1893 at 35 Market Street and was established within the Birmingham and Midland Banking Corporation, more commonly known as Midland Bank.
Jacqui Sutton, branch manager of HSBC UK Tamworth, said: “I am proud to be leading the branch team at such a momentous time. Celebrating 125 years of the branch being open in this great town has given us the opportunity to appreciate how our branch has adapted to rapidly changing consumer habits and technology over the years.”
The branch relocated to its existing premises in 1969.
Jacqui added: “During the early 1890’s in-branch services and the customer experience would have been significantly different to what it is like today. Opening hours coincided with local market days and the services available would be limited to business advice and small loans, receiving deposits, withdrawals authorisations and cashing cheques in, with all records paper-based and recorded in large ledgers.
“While today, the majority of our banking is done with a click of a button, where customers can keep a very close eye on their finances with our Connected Money app, they are still able to discuss our mortgage and savings options here in the branch. We are very proud to be part of a branch which has been at the centre of change in banking in the 21st century, but even more proud to continue be providing a first class service for the people of Tamworth.”
In 1992 HSBC Holdings plc acquired full ownership of Midland Bank, in one of the largest acquisitions in banking history. Midland was renamed HSBC Bank plc in 1999. In 2015 a new brand – HSBC UK – was announced and the bank celebrated the groundbreaking ceremony for a new headquarters to be built in Birmingham.