The Cayley banking interests in Stamford

Two Cayleys were partners in a bank based in Stamford, Lincolnshire: Edward Cayley (1782-1868) and his son George Cayley (1831-1891). For information about them, see A Banker’s Family.

The bank changed its name several times during its existence as an independent bank. It was founded as a private bank in 1800 by William Jackson and William Johnson, and was initially called Jackson and Johnson, or the Stamford and Rutland Bank. In those days, many banks, especially outside London, were run as partnerships and were relatively small affairs: they had often had formal business connections with other banks and with a bank in the metropolis.

In 1810, following William Jackson’s death, Stephen Eaton became a partner. In 1819, after the death of William Johnson, Edward Cayley bought in as a partner and the bank became Eaton & Cayley. Successive changes of partner led to further name changes, with the Cayley name still being included.

The bank seems to have survived the various 19th-century financial crises which led to the collapse of a number of private banks.

In 1861 George Cayley became a partner, with his father Edward remaining a partner until his death in 1868. In 1891, on George Cayley’s death, the bank lost its independence and was subsumed into the Stamford, Spalding & Boston Banking Co. Ltd. This bank was taken over by Barclays in 1911.

The bank’s main premises were in Broad Street, Stamford – and are still used as a branch of Barclays Bank. There were branch offices in some other towns in the area.

[Sources: Barclays Archives website – https://www.archive.barclays.com/items/show/5246 and https://www.archive.barclays.com/items/show/5239; John Orbell, British Banking: A Guide to Historical Records, pub. Ashgate Publishing 2001 and Routledge 2007, consulted at Google Books.]

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