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Somerset Trust Holding Company, doing business as Somerset Trust Company, is an American bank and financial services company headquartered in Somerset, Pennsylvania. As of December 31, 2016, the bank's assets are totaled at $1.1 billion. [1] Somerset Trust Company's branch network serves the Pennsylvania counties of Somerset, Westmoreland ...
Lethbridge was the principal founder of the West Somerset Savings Bank at Taunton, on 6 September 1817. By 1821 the bank had deposits of almost £90,000, with over 2,500 depositors. Despite being regarded as a reliable banker, Lethbridge lost heavily on his own investments.
The Trustee Savings Bank ( TSB) was a British financial institution that operated between 1810 and 1995 when it was merged with Lloyds Bank. 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 ...
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The first savings bank in the United States, the Philadelphia Saving Fund Society, was established on December 20, 1816, and by the 1830s, such institutions had become widespread. In the United Kingdom, the first savings bank was founded in 1810 by Henry Duncan, the minister of Ruthwell Church in Dumfriesshire, Scotland.
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