City of Glasgow Bank

It aimed to cater particularly for small savers, with its branches opening in the evenings to receive deposits.

[3] In 1855 it moved to a huge building on Trongate at the corner of Albion St.[4][a][5] During the Panic of 1857, the bank had to suspend operation but later reopened and continued trading.

The other five directors were found guilty of uttering and publishing the balance sheets, knowing them to be false, and were sentenced to eight months imprisonment.

[1][10] Scores of Glasgow businesses failed as a result of the bankruptcy, and shareholders were called to make good the bank's losses.

[2] A public subscription was set up to help the shareholders, almost all of whom were bankrupted by the disaster, in the form of a national relief fund, which received £379,670 in donations by 1882.

[17] [18] [19] The Bank's collapse was vividly represented in the 1948 trilogy The Wax Fruit by Guy McCrone (dramatised by BBC Radio 4 in 2010).