The Savings Bank was built in 1846, and cost an estimated £970. Two earlier independent banks had been established in the town, but had proved short-lived, failing in 1816 and 1826. By 20 November 1848, the Savings Bank had 1079 deposits, of which 1064 were private, nine were from charitable societies and six from friendly societies. Savings banks were intended to assist the poor to save money for periods of hardship, and most deposits at that date were relatively modest, with nearly half no more than £20, and only seven above £200. In 1850, it opened only twice monthly, on the first and third Monday of the month. It was then one of two banks in the town, the other being a branch of the Manchester and Liverpool District Bank on the High Street. By 1874, the bank was open weekly, on Mondays between 11 and 1. The Savings Bank was still at Welsh Row in 1914; however, by 1930 it had amalgamated with the Chester & Wrexham District Savings Bank and moved to 29 High Street. In the early 20th century the building was in a dilapidated condition. By 1971, 39 Welsh Row was used as offices for Pearl Assurance.
Description
The former bank is a detached single-storey building in Jacobean Revival style, set back from the street behind railings. In red brick under a slate roof, it has decorative blue-brick diapering and stone dressings on the Welsh Row face. The central bay of the front face projects slightly and has a prominent shaped gable, finished with a stone coping and three triangular finials; the gable contains a circular stone moulding, formerly a clock face, and a stone plaque inscribed "Savings Bank erected A.D. MDCCCXLVI". The central bay has a canted bay window surmounted by a stone balustrade with foliage decoration and cross-shaped openings. The flanking bays each have a single window, and all three windows to the front face have stone mullions and transoms and hexagonal-latticed lights. The main entrance is in a gabled porch attached to the St Anne's Lane face; the doorway, reached by a short flight of stone steps, is undecorated and has a stone top. The sides of the Welsh Row face and the edges of the central bay have decorative stone quoins. The gable ends and the porch gable have stone corbels and coping, and are finished with triangular finials matching those on the central shaped gable.
Modern use
As of 2010, the building is used as the offices of a recruitment agency.