The oldest family bank is C. Hoare & Co.
Established centuries ago, C. Hoare & Co stands as a testament to enduring family legacy in the banking sector. It is renowned for being the oldest privately owned bank in the United Kingdom, continuously operated by the descendants of its founder.
The Legacy of C. Hoare & Co
Founded in the late 17th century, this esteemed institution has maintained its independence and traditional values while adapting to the evolving financial landscape. Unlike many large corporate banks, C. Hoare & Co focuses on a personalized, relationship-driven approach, serving a select clientele.
Here are some key details about C. Hoare & Co:
- Founded: 5 July 1672
- Founder: Sir Richard Hoare
- Headquarters: London, England, UK
- Type: Private Bank, Family-Owned
A Brief History
Sir Richard Hoare, a goldsmith-banker, established the bank at a time when London's financial district was beginning to take shape. His vision laid the groundwork for a banking dynasty that has now spanned more than 12 generations of the Hoare family. This remarkable continuity is a defining characteristic that sets it apart from other financial institutions.
The bank's long history includes navigating significant historical events, from financial crises to world wars, consistently demonstrating resilience and prudent management. Its commitment to its founding principles has allowed it to retain its unique position in the banking world.
Services Offered
As a private bank, C. Hoare & Co offers a range of services tailored to the needs of high-net-worth individuals and families. These typically include:
- Private Banking: Bespoke financial management and advice.
- Wealth Management: Investment strategies, financial planning, and trust services.
- Lending: Customized credit solutions.
The bank's focus remains on building long-term relationships and providing a discreet, highly personal service, reflecting its long-standing family values.
