Cork Savings Bank

Last updated

Cork Savings Bank
Cork Savings Bank - geograph.org.uk - 1836813.jpg
General information
Address1 Lapp's Quay, Cork, Ireland
Completed1842
Design and construction
ArchitectThomas & Kearns Deane

Cork Savings Bank is a nineteenth century neoclassical building on Lapp's Quay in Cork city, Ireland. A purpose-built bank, it was completed in 1842 and is currently in use by University College Cork as their so-called "Centre for Executive Education".

Contents

History

Cork Savings Bank, as an institution, was founded in 1817, following the passing of a law legalising the establishment of savings banks in the UK and Ireland. Originally based in the Royal Cork Institution, in 1824 the bank acquired their first building, which was located on what is now Oliver Plunkett Street, on the site of the present general post office. [1] The winning application for the design of the current building was submitted in November 1839 by Thomas and Kearns Deane, beating out applications from other architects, including Henry Hill. [2] [3] Following its completion in 1842, the Cork Savings Bank moved into the new building, located on 1 Lapp's Quay, on 20 August 1842. [1]

In 1950, renovations to the building were carried out to the designs of Henry Houghton Hill. [3]

In 1986, Cork Savings Bank merged with Limerick Savings Bank, forming the Cork and Limerick Savings Bank. In 1992, Cork and Limerick Savings Bank further merged with TSB Dublin, forming the Trustee Savings Bank. In 2001, the Trustee Savings Bank joined the Irish Life & Permanent Group, who at that point rebranded as Permanent TSB. The branch in 1 Lapp's Quay was closed in 2012. [1]

The building was acquired by Cork City Council on 2 October 2014. [4] Originally intended for use as a civic amenity, in 2016 it was sold to University College Cork, who in December 2018 opened the building as their business school’s "Centre for Executive Education". [5] In 2019, the building was awarded the CBA Better Building Award for Best in Conservation. [6]

Architecture

The building is in the neoclassical style, and is built of ashlar limestone. [7]

A statue of William Crawford, made by John Hogan, was installed in 1843. [3] Originally located in the main banking hall, it is now located in the Crawford Art Gallery. [8]

In culture

Cork Savings Bank is depicted in an 1842 watercolour of the same name by James Mahoney. [8]

Related Research Articles

Limerick City in Munster, Ireland

Limerick is a city in County Limerick, Ireland. It is located in the Mid-West Region and is also part of the province of Munster. With a population of 94,192 at the 2016 census, Limerick is the third-most populous urban area in the state, and the fourth-most populous city on the island of Ireland at the 2011 census. The city lies on the River Shannon, with the historic core of the city located on King's Island, which is bounded by the Shannon and Abbey Rivers. Limerick is also located at the head of the Shannon Estuary, where the river widens before it flows into the Atlantic Ocean. Limerick City and County Council is the local authority for the city.

Waterford City in Munster, Ireland

Waterford is a city in County Waterford in the south-east of Ireland. It is located within the province of Munster. The city is situated at the head of Waterford Harbour. It is the oldest and the fifth most populous city in Ireland. It is the tenth most populous settlement on the island of Ireland. Waterford City and County Council is the local government authority for the city. According to the 2016 Census, 53,504 people live in the city, with a wider metropolitan population of 82,963.

University of Limerick University in Ireland, founded as NIHE Limerick

The University of Limerick (UL) is a public research university institution in Limerick, Ireland. Founded in 1972 as the National Institute for Higher Education, Limerick, it became a university in 1989 in accordance with the University of Limerick Act 1989. It was the first university established since Irish independence in 1922, followed by the establishment of Dublin City University later the same day.

Cork Institute of Technology Former third-level educational institution in Cork, Ireland

Cork Institute of Technology (CIT) was a third level educational institution in Ireland, located in Cork. Upon its dissolution, the institute had 17,000 students in art, business, engineering, music, drama and science disciplines. The institute had been named as Institute of Technology of the Year in The Sunday Times University Guide for Ireland on numerous occasions. On 1 January 2021, CIT merged with IT Tralee to become Munster Technological University, Ireland's second Technological University.

Trustee Savings Bank British financial institution

The Trustee Savings Bank (TSB) was a British financial institution. Trustee savings banks originated to accept savings deposits from those with moderate means. Their shares were not traded on the stock market but, unlike mutually held building societies, depositors had no voting rights; nor did they have the power to direct the financial and managerial goals of the organisation. Directors were appointed as trustees on a voluntary basis. The first trustee savings bank was established by Reverend Henry Duncan of Ruthwell in Dumfriesshire for his poorest parishioners in 1810, with its sole purpose being to serve the local people in the community. Between 1970 and 1985, the various trustee savings banks in the United Kingdom were amalgamated into a single institution named TSB Group plc, which was floated on the London Stock Exchange. In 1995, the TSB merged with Lloyds Bank to form Lloyds TSB, at that point the largest bank in the UK by market share and the second-largest by market capitalisation.

University College Cork Constituent university of the National University of Ireland

University College Cork – National University of Ireland, Cork (UCC) is a constituent university of the National University of Ireland, and located in Cork.

Permanent TSB Irish banking group

Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland.

TSB Bank Ltd trading as TSB, is a New Zealand bank with headquarters in New Plymouth. It has 25 branches across the country but is heavily focused on the Taranaki region where 12 of its branches are located.

Mahon is an area to the south-eastern side of Cork, Ireland. Mahon gets its name from Lough Mahon, a wide stretch of the upper section of Cork Harbour. It was once a semi-rural peninsula, but from the late 20th century was subject to residential development, and has a number of housing estates and developments. The area was generally known as the Ring of Mahon, and is the site of Ringmahon House. Mahon is within the Cork South-Central Dáil constituency.

Riverpoint

Riverpoint is a two-tower mixed-use building complex located in Limerick, Ireland. Standing at 58.52 metres it is currently the eight-tallest storeyed building in the nation, the sixteenth-tallest on the island of Ireland and the third-tallest in Munster after the Cork County Hall and The Elysian, both in Cork. The Riverpoint tower is 5.52 m (18.1 ft) taller than the nearby Clarion Hotel Limerick, which at 53.0 m (173.9 ft) is the tallest hotel in Ireland. The Riverpoint development as a whole forms most of the block surrounded by Henry Street (N20), Lower Mallow Street, Russell's Quay and Mill Lane. The only other buildings on the site are an apartment building on the corner of Lower Mallow Street and Henry Street, and the Eircom building on Henry Street.

John Anderson (1747–1820) was a Scottish businessman and entrepreneur. He was a commercial agent in New York and later a business owner in Cork. His business played a pivotal role in creating infrastructure that connected Dublin to Cork. Anderson purchased land in Fermoy that was later used as a military complex.

Crawford Art Gallery Municipal art gallery in Cork, Ireland

The Crawford Art Gallery is a public art gallery and museum in the city of Cork, Ireland. Known informally as the Crawford, it was designated a 'National Cultural Institution' in 2006. It is "dedicated to the visual arts, both historic and contemporary", and welcomed 265,438 visitors in 2019.

Cork (city) City in County Cork, Munster, Ireland

Cork is the second largest city in Republic of Ireland and third largest in the island of Ireland located in the south-west of Ireland, in the province of Munster. Following an extension to the city's boundary in 2019, its population is c. 210,000.

Economy of Cork

The second largest city in Ireland, Cork, has an economy focused on the city centre, which as of 2011, supported employment for 24,092 people. According to 2006 figures, the top five employers in the area were public sector organisations, and included Cork University Hospital, University College Cork, Collins Barracks, Cork City Council and Cork Institute of Technology. Apple Inc. was the sixth largest employer, followed by Supervalu / Centra Distribution Ltd, Mercy University Hospital, Bon Secours Hospital and Boston Scientific.

This article deals with transport in Waterford city in Ireland. The city is connected by road, rail, bus, air and sea. There are currently proposals for a bus rapid transit (BRT) system, consisting of bus trams, or streetcars, to be used in future.

TSB Bank (United Kingdom) British retail bank

TSB Bank plc is a retail and commercial bank in the United Kingdom and a subsidiary of Sabadell Group.

Munster Derby is the name given to a football derby contested by teams from the larger football clubs in Munster.

The Custom House, Cork Municipal building in Cork, Ireland

The Custom House is an early 19th-century building in Cork, Ireland. Originally developed as a custom house and opened in 1818, the Cork Harbour Commissioners took over the building in 1904. The Port of Cork Company vacated the building in early 2021. The Custom House is, together with a number of other buildings on the same site, listed by Cork City Council on its Record of Protected Structures.

References

Citations

  1. 1 2 3 "Lapps Quay". University College Cork. Retrieved 10 March 2022.
  2. "Cork Savings Bank". Cork City Council. Retrieved 10 March 2022.
  3. 1 2 3 "CO. CORK, CORK, LAPP'S QUAY (& PARNELL PLACE), CORK SAVINGS BANK Dictionary of Irish Architects -". www.dia.ie. Retrieved 11 March 2022.
  4. Fagan 2016.
  5. Barker 2018.
  6. "lappsquay". www.jca.ie. Retrieved 11 March 2022.
  7. "Permanent TSB, Lapp's Quay, CORK CITY, Cork City, CORK". Buildings of Ireland. 23 October 1995. Retrieved 10 March 2022.
  8. 1 2 Murray 2005, p. 182.

Sources