This former Dumbell's Bank is now J J Ribbons which sells haberdashery, ribbons, buttons, threads and a wide range of fabrics and much more.
In 1900 the Dumbell's bank suspended payments. Its premises and goodwill were acquired by Parr's Bank for £40,300. The bank’s managers were later jailed in connection with the bank’s failure.
Dumbell's was formed in 1874 as a joint stock bank to acquire the business of the existing private bank Dumbell, Son & Howard (est. 1853), based in Douglas with branches in Castletown and Ramsey. Its paid-up capital was £60,000.
The bank assumed limited liability in 1874, becoming Dumbell's Banking Co Ltd. In 1899 its balance sheet totalled £1.3 million, but the bank was troubled by substantial bad debts.
In 1900 the bank suspended payments. Its premises and goodwill were acquired by Parr's Bank for £40,300. The bank’s managers were later jailed in connection with the bank’s failure.
Branches: at the time of its suspension of payments in 1900, the bank was operating 4 branches and one sub-branch.
Parr's Bank Ltd was established in Winwick Street, Warrington, in 1788 as Parr & Co by Joseph Parr, sugar refiner, Thomas Lyon, brewer and sugar refiner, and Walter Kerfoot, attorney; it was also known as Warrington Bank. The bank was styled Parr, Lyon & Greenall from 1825 to 1851 and Parr, Lyon & Co from 1855 to 1865. Branches were opened in St Helens (1839) and Runcorn (1853). In 1865 the bank was reconstructed as a joint stock bank with limited liability, Parr’s Banking Co Ltd. The partners in the old business were paid £100,000 and the paid-up capital of the new bank was £100,000. Joseph Parr's son Thomas Parr was appointed chairman and the bank recruited John Dun, from Bank of Scotland, as its first general manager.
In 1877 a purpose-built banking house was opened in Winwick Street. The bank expanded by acquisition of Thomas Firth & Sons, bankers of Northwich, in 1865; Thomas Woodcock, Sons & Eckersley, bankers of Wigan, in 1874; Dixons & Co, bankers of Chester, in 1878; F W Jennings, bankers of Leek, in 1878; Shrubsole & Co, bankers of Kingston-upon-Thames, in 1894; National Bank of Liverpool Ltd, in 1883; Fuller, Banbury, Nix & Co, bankers of London, in 1891; Alliance Bank Ltd, bankers of Liverpool and London, in 1892; Croxon, Jones & Co (Old Bank) Ltd of Oswestry, in 1894; Sir Samuel Scott Bart & Co, bankers of London, in 1894; Consolidated Bank Ltd, of Manchester and London, in 1896; Derby & Derbyshire Banking Co Ltd, of Derby, in 1898; Ashton, Stalybridge, Hyde & Glossop Bank Ltd, of Ashton-under-Lyne, in 1900; Dumbell’s Banking Co Ltd, bankers of Douglas, Isle of Man, in 1900; Pares’s Leicestershire Banking Co Ltd, of Leicester, in 1902; Whitehaven Joint Stock Banking Co Ltd, of Whitehaven, in 1908; Robin Brothers, bankers of Jersey, Channel Islands, in 1908; Stuckey’s Banking Co Ltd, of Taunton, in 1909; Crompton & Evans’ Union Bank Ltd, of Derby, in 1914; and Thomas Barnard & Co, bankers of Bedford, in 1915. In 1892 the bank became known as Parr’s Banking Co & Alliance Bank Ltd. By 1890 it had 43 branches and sub-branches, rising to 136 in 1900 and to 329 by 1918. In 1896 the company’s name was shortened to Parr’s Bank Ltd. In 1918 Parr’s Bank Ltd amalgamated with London County & Westminster Bank Ltd of London, to form London County Westminster & Parr’s Bank Ltd.
Through subsequent mergers and acquisitions London County Westminster & Parr's Bank Ltd evolved into National Westminster Bank (NatWest) which was the name of the last bank to operate a branch from this building.
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