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5 Pounds Provincial Bank of Ireland
| Issuer | Provincial Bank of Ireland Limited |
|---|---|
| Year | 1948-1952 |
| Type | Log in to see details |
| Value | 5 Pounds |
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| Obverse description | The obverse is printed in purple-brown tones on a dense guilloche underprint with the bank title 'PROVINCIAL BANK OF IRELAND LIMITED' in an arc across the top. A central vignette presents a classical façade of the Provincial Bank's Belfast branch, flanked on either side by oval medallions bearing the word 'FIVE' and numeral '5' in each corner. The promise-to-pay text and denomination 'Five Pounds' appear in a large intaglio panel at centre, with a manuscript signature below and serial numbers in red at left and right. |
|---|---|
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| Variants | P#239a - serial # prefix as fraction P#239b - serial # prefix in line |
| Comments |
The Provincial Bank of Ireland was founded in 1825 specifically to break the Bank of Ireland's near-monopoly on Irish banking, and it remained a significant commercial force well into the twentieth century. By the late 1940s the bank operated under the regulatory framework established by the Central Bank of Ireland Act of 1942, which brought private note issue under tighter supervision — these notes required backing and were subject to redemption rules that hadn't applied to earlier generations of Irish commercial paper.
The Provincial Bank merged with the Royal Bank of Ireland in 1966 to form Allied Irish Banks, after which its independent note-issuing days ended. Notes from this 1948–1952 window represent one of the final phases of that 140-year run.