# North of Scotland Bank > business **Wikidata**: [Q106914825](https://www.wikidata.org/wiki/Q106914825) **Source**: https://4ort.xyz/entity/north-of-scotland-bank ## Summary North of Scotland Bank was a Scottish financial institution established in 1836, operating primarily in the north and north-east of Scotland. It was a key player in the regional banking sector until its acquisition by the Midland Bank in 1923. ## Key Facts - **Founded**: 1836 - **Dissolved**: 1923 (through acquisition by Midland Bank) - **Headquarters**: Aberdeen, Scotland - **Industry**: Other credit granting - **Classification**: Business, Bank - **Instance Of**: Business, Bank - **Located In**: Scotland - **Followed By**: Midland Bank (as of 1923) - **Official Name**: North of Scotland Bank - **Aliases**: Clydesdale & North of Scotland Bank Ltd., North of Scotland and Town and Country Bank, Town and Country Ltd. - **Wikidata Description**: business - **PM20 Folder ID**: co/048870 (with 21 references) - **Country**: United Kingdom - **Inception Reference**: banking-history.org.uk - **Source References**: - [Banking-History.org.uk Record](https://banking-history.org.uk/record/north-of-scotland-banking-company/) - [National Library of Australia Trove Archive](https://trove.nla.gov.au/newspaper/article/1997282) ## FAQs **What was the North of Scotland Bank?** The North of Scotland Bank was a financial institution established in 1836, operating primarily in the north and north-east of Scotland. It was a major regional bank until it was acquired by the Midland Bank in 1923. **Where was the North of Scotland Bank headquartered?** The bank was headquartered in Aberdeen, Scotland. **What happened to the North of Scotland Bank?** In 1923, the bank was acquired by the Midland Bank, ending its independent operations. **What industry did the North of Scotland Bank operate in?** It operated in the "other credit granting" industry, functioning as a traditional bank with a focus on regional banking services. **What is the official name of the bank?** Its official name was "North of Scotland Bank," though it was also known by several aliases including "Clydesdale & North of Scotland Bank Ltd." and "North of Scotland and Town and Country Bank." **What is the significance of the year 1923?** In 1923, the North of Scotland Bank was acquired by the Midland Bank, marking the end of its independent existence. **What is the PM20 Folder ID for the bank?** The PM20 Folder ID for the bank is `co/048870`, with 21 references in the database. **What is the source of the inception date?** The inception date of 1836 is sourced from [banking-history.org.uk](https://banking-history.org.uk/record/north-of-scotland-banking-company/). **What is the reference for the Midland Bank acquisition?** The acquisition by Midland Bank is documented by the National Library of Australia Trove Archive, available at [Trove Article](https://trove.nla.gov.au/newspaper/article/1997282). ## Why It Matters The North of Scotland Bank played a significant role in the regional banking system of Scotland, particularly in the north and east, during the late 19th and early 20th centuries. It provided essential financial services to individuals and businesses in the region, supporting economic development. Its acquisition by the Midland Bank in 1923 marked a consolidation in the British banking sector, reflecting broader economic trends of the time. The bank's history is preserved in historical records and contributes to the understanding of regional banking evolution in the UK. ## Notable For - Being one of the key regional banks in Scotland for nearly a century - Its 1836 founding, marking its long-standing presence in the Scottish financial sector - Its 1923 acquisition by Midland Bank, a major event in its operational history - Its headquarters in Aberdeen, a strategic location for its regional operations - Its role in the "other credit granting" industry, serving local communities and businesses - Its presence in historical banking records, including the PM20 database and banking-history.org.uk ## Body ### History The North of Scotland Bank was established in 1836 and operated primarily in the north and north-east of Scotland. It was a key player in the regional banking system, offering financial services to individuals and businesses in the area. In 1923, the bank was acquired by the Midland Bank, ending its independent existence. This acquisition was a significant event in the consolidation of the British banking sector during the early 20th century. ### Operations and Industry The bank operated in the "other credit granting" industry, functioning as a traditional financial institution. It was involved in standard banking activities such as deposit-taking and lending, primarily serving local needs in Scotland. Its industry classification reflects its role in regional banking services. ### Headquarters and Location The bank was headquartered in Aberdeen, Scotland, which positioned it strategically to serve the economic needs of the region. This location allowed it to play a central role in the local financial ecosystem. ### Acquisition by Midland Bank In 1923, the North of Scotland Bank was acquired by the Midland Bank. This event is documented in historical records, including the National Library of Australia Trove Archive, which provides a reference to the acquisition. ### Name and Classification The bank was officially known as the "North of Scotland Bank," but it was also referred to by several aliases: - Clydesdale & North of Scotland Bank Ltd. - North of Scotland and Town and Country Bank - Town and Country Ltd. It was classified as both a business and a bank, operating under the instance of "business" and "bank" in official records. ### Data and References The bank's data is preserved in the PM20 Folder ID `co/048870`, with 21 references in the database. The inception date of 1836 is sourced from the [banking-history.org.uk](https://banking-history.org.uk/record/north-of-scotland-banking-company/) record. The bank is also referenced in the National Library of Australia Trove Archive, which documents its acquisition by Midland Bank in 1923. ### Legacy The North of Scotland Bank's legacy is preserved in historical banking records and contributes to the understanding of regional banking evolution in the UK. Its role in the financial system of north and north-east Scotland during the late 19th and early 20th centuries is a key part of its historical significance. ## References 1. 20th Century Press Archives 2. [Source](https://trove.nla.gov.au/newspaper/article/1997282) 3. [Source](https://banking-history.org.uk/record/north-of-scotland-banking-company/)