Airdrie Savings Bank

Airdrie Savings Bank is a small commercial bank operation in the Lanarkshire and Glasgow areas of Scotland. It runs 8 branches throughout this area, with its head office in Airdrie, North Lanarkshire. Total assets of the bank at 31 October 2006 were £126 million with reported profits of £0.555 million.
Corporate Structure
Airdrie Savings Bank is the only remaining independent Savings Bank in the UK. It operates on mutual principles, has no shareholders and is instead governed by a Board of Trustees, appointed to represent the interests of depositors and to ensure that the Bank is managed properly.
In addition to Airdrie, there are branches in Baillieston, Bellshill, Coatbridge, Motherwell, Muirhead, Shotts and Falkirk.
History
Airdrie Savings Bank was formed as part of a movement to bring banking services to the wider community in 1835. A board of trustees from the local community act as board of governors. Similar banks were set...