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Airdrie Savings Bank

Established in 1835, it is Britain’s only independent savings bank.

Automatic Cash Dispencer

Invented by Scot John Shepherd-Barron OBE, (1925-2010) the first example of which was installed at a branch of Barclays Bank in June 1967.

Bank of Montreal (BMO)

Co-founded on June 23, 1817, by a group of merchants led by Scot John Richardson, and his fellow Scot, partner and cousin John Fosyth. It opened for business on November 3, 1817, making it Canada’s oldest bank.

Bank of New York

Founded by Alexander Hamilton with former Major General Alexander McDougall as President.


Bank of Scotland

Established in 1695, Bank of Scotland was Britain’s first Joint Stock Clearing Bank. Unlike The Bank of England, established one year earlier by Scotsman William Paterson, it was forbidden to lend to the government without Scottish parliamentary approval.

British Linen Bank

The only British bank to be founded by Royal Charter with its beginnings going back to 1746. Bought by Barclays Bank in 1919. In 1969 Barclays sold it on to Bank of Scotland. In 1999 Bank of Scotland dropped the name.

CAMPBELL, Archibald (1682-1761) 3rd Duke of Argyle,1st Earl of Islay.

In 1727, a founder and first governer of the Royal Bank of Scotland.

Chartered Bank of India Australia and China

Founded by Scotsman James Wilson in 1853. It merged with the Standard Bank of  British SA in 1969 to become Standard  Chartered Bank.

Chartered Institute of Bankers in Scotland

Founded in 1875, and now trading as the Chartered Banker Institute, it is the oldest professional organisation for bankers in the world. It is the only professional body entitled to make the award of Chartered Banker.

CROCKETT, Sir Andrew. (1943 – 2012)

Born in Glasgow, he was an economist with a flair for policy analysis who helped to transform the IMF (International Monetary Fund) and the BIS (Bank for International Settlements). He has been the only Briton to have held the prestigious post of general manager of the BIS, previously dominated by Europeans.

East Lothian Banking Company

Founded in Dunbar, Scotland in 1810. Closed in 1822 when the cashier went off to the United States having embezzled the funds entrusted to the bank.

FLINT, Douglas Jardine CBE. (Group Chairman HSBC Holdings PLC)

Born 1955 Glasgow, Scotland.

HAMILTON, Alexander (1755 or 1757-1804) Bank of New York

Diaspora. Born in Charlestown, capital of the island of Nevis in the Leeward Islands. His father, James A Hamilton was the fourth son of Scottish laird Alexander Hamilton of Grange, Ayrshire. He was a founding father of the United States ad one of the most influential men of his generation. Among his many achievements he established the nation’s financial system including the US Mint, and founded the Bank of New York.

Henry Duncan, Savings Banks

In 1810 Scottish minister Henry Duncan (1774-1846) opened the world’s first savings bank at Ruthwell, Dumfries.

Hong Kong Shanghai Banking Corporation (HSBC)

Established in 1865 by Aberdonian Sir Thomas Sutherland.

LAW, John (1671-1729) Economist and Father of Paper Money

Born in Edinburgh, Scotland

MCDOUGALL, Major General Alexander (1731-1786)

Born on the Hebridean Isle of Islay, his family emigrated to the US in 1738. He became a successful ship owner and a leader of The Sons of Liberty. later he was a Major General during the Revolutionary War and commanded the area incorporating the Highlands of the Hudson. He was one of the founders, and first president of the Bank of New York, known today as the Bank of New York Mellon (BNY Mellon)

MCFARLANE, John (b 1947)

Born in Dumfries, Scotland, and educated at Dumfries Academy and Edinburgh University. Following a distinguished career in insurance and banking he was appointed Chairman of Barclays Bank on 01 Jan 2015.

Personal Identification Number (PIN)

James Goodfellow. Born Paisley, Renfrewshire 1937. Invented the PIN number and developed the ATM (Automatic Teller Machine) which superseded the original automatic cash dispencer invented by Scot John Shepherd-Barron


Quote “Small countries don’t often have big banks.”

Sir Phillip Hampton, chairman RBS, referring to Scotland on 14 Nov 2012.

Ray Entwistle

This former Adam & Co Chairman is in the process of opening a new private bank in Edinburgh. He hopes to secure a provisional licence soon for the bank which is currently in a holding company called Scoban PLC, but has yet to be formally named,

RBS invents the overdraft.

In May 1728 the Royal Bank of Scotland introduced the first overdraft.

RICE, Gerry. International Monetary Fund (IMF) Director of Communications

Glasgow born with a doctorate in modern history from University of Glasgow and a Kennedy Scholarship at Harvard where he graduated in their Management Development Programme. He is a specialist in global economic development and has been Director of Communication at the IMF since 2011. Prior to that he had an illustrious 25 year career at the World Bank where, among other positions, he served as external and internal Director of Communications.

Royal Bank of Scotland (RBS)

RBS was established in 1727 when it received its Royal Charter. In 1728 it became the first bank in the world to offer overdraft facilities.

Sainsbury’s Bank

A wholly owned subsidiary of J Sainsbury the supermarket chain. It is headquartered in Edinburgh, and in August 2013 signed the city’s biggest private sector office deal in a decade when it took over the 83,000sq ft Lochside office block previously occupied by Ageon.

Scottish Achievement, Influence & Heritage is a work in progress