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Isle of Wight Savings Bank, Newport

IW Savings Bank, Mill Street, Newport

The Isle of Wight Savings Bank building in Mill Street Newport.

In the 1850's the bank suffered a number of frauds. In 1853 the Bank's Actuary, William Wheeler Yelf, carried out a fraud of £8000 and was sentenced to be transported for life - however, he died the following year in Millbank Penitentiary.

William White's 1859 IW directory:
Savings' Bank, Lugley street, Newport. Jph. C. Jackson, secretary
Savings' Bank, Townhall, Ryde. W. Hy. Pullen, secretary

White's 1878 Directory of Hampshire & Isle of Wight has Savings Bank in Mill Street. in November 1876 total deposits of £62218 19s 10d with 2613 depositors, 4 Penny Banks, 43 Charitable Societies and 15 Friendly Societies - Mr W C Way, actuary

1898 Kelly's Directory - Isle of Wight Savings Bank, Mill Street - William Clemens Way, sec.

Newspaper Advert IWCP 21 Jan 1899

more information required

See also: Newport

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