[2] The bank began trading in Pelham Street in central Nottingham on 19 April 1834[3] under the management of Peter Watt, a Scottish banker.

In 1841 the bank ran into difficulty but shareholders injected money and it survived.

[4] A new head office building was constructed in Nottingham on Thurland Street in 1881.

[2] In 1891 the bank suffered an embarrassment when it was revealed that the manager of the Newark branch, Robert James Beard, had defrauded the bank of £25,000 (equivalent to £3,448,700 in 2023)[2] before drowning himself in the River Trent.

[5] It was acquired by the London, County, Westminster & Parr's Bank in 1919.