Paul Pester
THE chief executive of TSB Bank will today give a lecture in Dumfries in honour of Reverend Henry Duncan, founder of the first Trustee Savings Bank in 1810.
Paul Pester said that TSB is a “new bank… with an absolute belief that banks should be there to serve the local communities in which they operate – not the other way around, adding that the concept was not new, having been adopted by the Reverend Duncan in 1810 in Ruthwell, Dumfriesshire when he established a self-supporting savings bank.
“The approach flourished and led to thousands of savings banks being established across the world,” Mr Pester said.
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