UK Mortgage Lender: Ulster Bank

Details on Ulster Bank mortgage lender:

Ulster Bank’s origins lie in a meeting of Belfast merchants held on 22 February 1836 to discuss the provision of banking facilities in the city. The London-based National Bank of Ireland (est 1835) was considering opening a branch in Belfast, and rather than see the profits of such an enterprise go overseas,
the merchants agreed to establish a bank of their own. They issued a prospectus the following month and the new bank – named Ulster Banking Company – opened for business in Waring Street, Belfast on 1 July 1836. It was managed by Robert Grimshaw and John Heron, both wellknown city merchants, and was administered according to the practices of the much-admired Scottish banks. The new bank issued its own notes, and was eager to open branches in what it identified as ‘principal trading towns throughout Ulster.’ Within a year nine such branches were operating, and the bank had connections with
correspondent banks in London, Liverpool, Birmingham, Dublin and the United States of America