Canadian Pacific

Canadian Pacific

Posted on 10/23/2013


Photo taken on May 22, 2013



See also...


Keywords

building
Co.
Dame Street
AIB
Republic of
Allied Irish Banks
bankology
Munster Bank
Munster and Leinster
Munster & Leinster
County
Dublin
Ireland
city
2
architecture
central
centre
bank
former
banking
Éire
AIMG_2241


Authorizations, license

Visible by: Everyone
Attribution + non Commercial

57 visits

Built 1873

Built 1873
Some literature mentions that this Allied Irish Banks branch used to be the Munster & Leinster Bank. But the stonework of the façade reads 1873 and MB. Munster & Leinster Bank was not founded until 1885 so this could not have been the Munster & Leinster, not when built in 1873 anyway.

Rather, I suspect this was the Munster Bank building. Munster Bank was founded in Cork in southern Ireland in 1864. In 1870, Munster Bank acquired private bank David La Touche & Son of Dublin. This would agree with this 1873-era building as well as the MB motifs (rather than ML or MLB if it were the Munster & Leinster Bank).

In 1885 though, Munster Bank collapsed following allegations that the bank made significant and un-recoverable loans to the bank's directors and main shareholders. The resulting bank run drained the capital of the bank and it shut down. In the same year though, the government brokered the founding of a new bank called Munster & Leinster Bank, and it took over the branches, customers and deposits of the old Munster Bank.

Munster & Leinster Bank consolidated with the Royal Bank of Ireland and the Provincial Bank of Ireland in 1966 to form the Allied Irish Banks, or AIB, which still occupies this building.

More on the history of Allied Irish Banks and Munster Bank:

bankingmergers.blogspot.ca/2011/01/ireland-bank-mergers-a...

Comments