Its not widely known but we have had banking crises in Ireland before - and government rescues:-
The banking firm of Mead and Curtis in Dublin failed in 1731, and a relief Act was passed. in Burton’s bank crashed in 1733, leaving debts of £79,128.5.4.
There was a major banking crisis in 1754-5. Dillon & Farrell Bank, Willcox & Dawson Bank and Lennox & French Bank all failed due to frauds
In July 1758, Clements, Malone & Gore Bank.failed
In Oct 1759 the firms of R. & T. Dawson, and Mitchell & Macarill suspended payment, leading to widespread panic, and the remaining banks were government guaranteed
In 1779, there was a further crisis, leading to failures, of the firms of Mitchell, and Underwood.
In Mar 1797 a run developed on banks Dublin but they
Other bank failures:-
1806 – Talbot & Co (Malahide) – all creditors were paid in full
1807 – Cotter & Kellet (Cork) – losses £210,000
1808 – Colclough & Co (New Ross) – note issue of £200,000 which became worthless
1810 – Beresfords Bank (Dublin) – all creditors paid in full
1814 – ffrench & Co (Tuam & Dublin) – major loss of note issue
In 1820 all four banks in Cork closed from 25th May. Within days, the 4 Limerick banks closed. Closures followed in Clonmel, Carrick-on-Suir, Kilkenny, New Ross, and most spectacularly, Waterford. Alexanders Bank closed in Dublin.
In 1856 the Tipperary Bank failed
In 1885, the Munster Bank failed. The Munster & Leinster Bank which was then formed was eventually the lead bank in the formation of AIB.
Mainly extracted by Gulliver from Halls Hitory of Bank of Ireland
The banking firm of Mead and Curtis in Dublin failed in 1731, and a relief Act was passed. in Burton’s bank crashed in 1733, leaving debts of £79,128.5.4.
There was a major banking crisis in 1754-5. Dillon & Farrell Bank, Willcox & Dawson Bank and Lennox & French Bank all failed due to frauds
In July 1758, Clements, Malone & Gore Bank.failed
In Oct 1759 the firms of R. & T. Dawson, and Mitchell & Macarill suspended payment, leading to widespread panic, and the remaining banks were government guaranteed
In 1779, there was a further crisis, leading to failures, of the firms of Mitchell, and Underwood.
In Mar 1797 a run developed on banks Dublin but they
Other bank failures:-
1806 – Talbot & Co (Malahide) – all creditors were paid in full
1807 – Cotter & Kellet (Cork) – losses £210,000
1808 – Colclough & Co (New Ross) – note issue of £200,000 which became worthless
1810 – Beresfords Bank (Dublin) – all creditors paid in full
1814 – ffrench & Co (Tuam & Dublin) – major loss of note issue
In 1820 all four banks in Cork closed from 25th May. Within days, the 4 Limerick banks closed. Closures followed in Clonmel, Carrick-on-Suir, Kilkenny, New Ross, and most spectacularly, Waterford. Alexanders Bank closed in Dublin.
In 1856 the Tipperary Bank failed
In 1885, the Munster Bank failed. The Munster & Leinster Bank which was then formed was eventually the lead bank in the formation of AIB.
Mainly extracted by Gulliver from Halls Hitory of Bank of Ireland
