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Home < Main Site Map < Banknotes of the Irish Private Banks < Pike's Bank, Cork

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Banknotes of the Irish Private Banks
Pike's Bank, Cork
1770-1826

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Pike's Bank - 2 Series, 5 Partnerships



An old Cork Bank


Pike's bank, Hoare's Lane, North Main Street, Cork was a continuation of the business of Hoare's bank, established in 1675 and one of the oldest banks in Ireland. There is a more-or-less unbroken line between its foundation by Edward Hoare, and its its orderly closure in 1826 after the death of Joseph Pike.

The bank survived a politically inspired run in 1812. In the crisis of 1820 there were runs on all of the all of the banks in Cork. Pikes had the resources to survive the crisis and remain open. After the collapse of Roche's and Leslie's banks in Cork during the crisis of 1820, Pike's was the only remaining bank in the city.


The bank's symbol, or 'logo' used various designs of the letter P on later notes.
Pike's bank symbol

Records show that in 1803 the bank paid duty on 64,100 notes under 3 Guineas in face value, suggesting a substantial banking operation.


Pike's Closure 1826


Pike's bank closed in 1826 after the apparent sudden death of Joseph Pike on 28 February 1826. Its assets were lodged with the newly opened Bank of Ireland branch, and all creditors were paid in full. Thus, joint stock banking replaced private banking in Cork


Pike's Bank Note issues


Little is known of the bank's note issues. Banknotes issued by Pike's bank are rare. All banknotes were printed uniface. Dating and numbering was carried out by hand. It is likely that the bank issued notes throughout its existence and that there were many other series. No examples of post bills have been seen.


Records show that in 1803 the bank paid duty on 64,100 notes under 3 Guineas in face value, suggesting a substantial banking operation.


Two Series of notes seen

There are two Series of banknotes known for the Bank by design, and five Types by partnership. Other series of notes are highly likely to have existed.

Five Types by partnership.
Type A. 1770-1785 Ebenezer Pike, Samuel Pike, John Pim.
Type B. 1780-1785 Ebenezer Pike, Samuel Pike.
Type C. ca1785-ca1796 Samuel Pike, Richard Pike.
Type D. ca1796-1800. Joseph Pike, Richard Pike.
Type E. 1800-1826. Joseph Pike.

Denominations known: 3s 91/2d, £1, 25 Shillings, 30 Shillings, £2, £3, £5, £10, £20.


Records show that in 1803 the bank paid duty on 64,100 notes under 3 Guineas in face value, suggesting a substantial banking operation.

Series 1. Type E

Pikes Bank, Cork 25 Shillings, Jan 10th 1817
Pikes Bank, Cork, 25 Shillings, Jan 10th 1817


Pikes Bank, Cork one pound five shillings
Pikes Cork Bank, One Pound Five Shillings, unissued


Series 2. Type E

Pikes Bank, One Pound, Oct 16th 1820
Pikes Bank, One Pound, Oct 16th 1820




References
Some background information about the Cork Pike family can be found on their website on Pike's Bank.






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Pike's bank Cork bank 25 shillings
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