Annual Reports - 1935
The progress of the Bank's House Purchase Department is, for the second consecutive year, a major topic of the Annual Report  -  this time referring to competition from the growth of Building Societies. The rate charged on mortgages is reduced from 5% to 4%, with special provision being made for mortgagors on the higher fixed rate. The Report also records that a branch is to be opened outside the City boundary in the Royal Borough of Sutton Coldfield, without making any reference to the many  objections raised in Sutton Coldfield by residents who were afraid that the opening of a Municipal Bank branch was the prelude to Birmingham taking the borough into the city.
(1) Published Report
Published  Report (cont.)
Annual Reports