The bank grew during a time of prosperity for Leith during the early 19th century, following the development of the town's pier, harbour, docks and warehousing facilities.
[4] Beyond Leith, the bank also had branches in Callander, Dalkeith, Galashiels, Langholm and Carlisle, did business in Glasgow via an agent and operated from tents at sundry agricultural markets and fairs.
[2] Apart from a period in 1797 when it had to suspend cash payments, the bank initially prospered.
The following year, the Glasgow Union Bank offered them 5% on every £100,000 of deposits transferred, terms which they declined.
[2] In 1842, with debts totalling £123,582, including £10,000 of notes in circulation,[2] the Leith Banking Company failed.