New permanent quarters of the Brookvale branch of the Birmingham Municipal Bank, situated at the junction of Brookvale-road, and Brookvale Park-road, Erdington, were opened by Councillor A H Cooper, Chairman of the Municipal Bank Committee, on Saturday.

 

Facilities will thus be afforded for an increase in the activities of the branch, which since 26 June, 1926, has been conducted on two evenings each week in a wooden building.

 

At the opening ceremony the Lord Mayor (Ald S J Grey) mentioned that it marked the 54th occasion on which permanent Municipal Bank premises had been opened. The success of the bank had been wonderful. In Brookvale district the bank had 1,357 open accounts and credit balances of £32,265.

 

Councillor Cooper said eight years ago depositors numbered 237,142, and to-day 397,500, and the amount standing to the credit of depositors was £19,318,329, as against £8,133,887. There had been practically 2,500,000 transactions during the year and the amount advanced on mortgage was £4,989,407.

 

The bank progressed because the committee and the officials aimed at it being of real service to the community. To Brookvale residents he would say: "It is your bank, and it is up to you to support it."