Charleville Bank 1803-1820

Banknotes issued by Irish Private Banks ca1700–ca1833
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DOC
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Charleville Bank 1803-1820

Post by DOC »

George Evans Bruce founded a bank in 1806 with branches in Charleville (Co. Cork) and Limerick. The Bank went through two partnership changes and at some time appears to have taken over the operation of Eyre Evans & Co. also based in Charleville. The Bank failed in the Crisis of 1820 with the closure of the both the Charleville and Limerick Branches.

The following 2 partnerships are known:

A) George Evans Bruce, Jonathan Bruce, George Bruce (1806-1810)
B) George Evans Bruce, Jonathan Bruce (1811-1820)

An example of a 1 Guinea & Half note from the first partnership is illustrated.
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Charleville Bank George Evans Bruce & Co. 1 Guinea and Half 10th Oct.1806.jpg
Charleville Bank George Evans Bruce & Co. 1 Guinea and Half 10th Oct.1806.jpg (93.4 KiB) Viewed 552 times
Last edited by DOC on 15 Nov 2020 12:43, edited 1 time in total.
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Re: Charleville Bank 1803-1820

Post by DOC »

Eyre Evans originally founded Charleville Bank in1803. It is believed that George Evans Bruce took over as lead partner in 1806 although some sources claim that the two banks operated independently in Charleville (Eyre Evans & Co. & George Evans Bruce & Co.) for a time before eventually merging.

George Evans Bruce also set up a bank in Limerick about 1806 which became known as Bruce’s Bank. However, the partners were not the same as the Charleville Bank so the Limerick Bank should probably be considered as a sister bank rather than a second branch of the Charleville Bank.

The relationship between the different banks and partnerships is summarised in the attached figure. Those partnerships reported to have issued notes are highlighted in green. It is hoped that further banknotes will come to light which will provide more insight into the partnerships of these banks.

Both the Charleville Bank and Bruce’s Bank Limerick failed in the crisis of 1820.
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Mac
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Re: Charleville Bank 1803-1820

Post by Mac »

Banknotes from Charleville Bank are rare. Have we seen any from Bruce's, Limerick?
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Re: Charleville Bank 1803-1820

Post by DOC »

PMI reports that notes for 1 Guinea and 1½ Guineas were issued by Bruce's Bank, Limerick. I have not seen any examples so I suspect that the notes of this bank are also rare.
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Re: Charleville Bank 1803-1820

Post by ThePloughman »

Big lack of currency bills from this bank.
I reckon you are right DOC in saying that as the partners were not the same at any time in the Charlieville and Limerick operations that they were 2 separate banks.
PMI puts them together as branches. But they would need to have the exact same partners overlapping at sometime for this to be the case.
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