ABSTRACT
On 25 October 1830, five gentlemen of high local standing met in the Hanbury Arms, Caerleon, in the county of Monmouthshire. The purpose of their meeting was to discuss proposals for the establishment of a local Savings Bank. In some cases the Trustees were men who were willing to give financial backing to a Savings Bank. The strength of the clerical contingent is not surprising seeing that the movement itself owed its origin to one of the cloth, and clerics were prominent in nearly all the Savings Banks in the country. According to the rules and regulations of the Caerleon Savings Bank the maximum number of Trustees was six, and that of Managers was twelve, but in the original list of Trustees, ten names appear in the Day Book. By the late 1840s there were seventeen Friendly Societies and nine Charitable Societies which were regular depositors with the Newport and Caerleon Savings Bank.
