City of Glasgow Bank (bankers: 1839-1878: Glasgow, Scotland)

The City of Glasgow Bank , Scotland, was established in 1839 to cater particularly for small investors with branches opening in the evenings to receive deposits. Initially, there were 779 subscribers and a capital of £656,250. The head office was in Virginia Street, Glasgow, from 1842 before moving to Glassford Street, Glasgow, in 1851 when those premises were sold to the National Security Savings Bank. The first manager was Henry Paul, brother of the manager of the Commercial Bank, Edinburgh, Scotland.

In 1845 , the note issue was £73,000. The bank is infamous as the scene of Glasgow's greatest financial disaster of the Victorian era. During 1857 financial difficulties meant that the directors had to stop payment for a few days, during which panic spread through Glasgow and military assistance had to be sought from Edinburgh. The bank closed on 11 November 1857, with a deficiency of £77,577. Business resumed on 31 December 1857, but only after the Edinburgh banks had insisted that the New York agency be closed.

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