 The former Dumbell's Bank building, Douglas, Isle of Man | |
| Company type | Private Limited Company |
|---|---|
| Industry | Financial services |
| Founded | 1874 |
| Headquarters | Douglas, Isle of Man |
Key people | George William Dumbell, Louis Geneste Howard, William Dumbell, Alured Dumbell, Charles Nelson, Alexander Bruce, John Shimmon, William Aldred, William Vincent Aldred, Ridgway Harrison, William Baring Stevenson, James Spittall |
Dumbell's Bank was a bank in the Isle of Man. The bank's insolvency in 1900, known as Black Saturday and referred to in the Isle of Man as the Dumbell's Bank Crash, resulted in a run on the bank with many individuals losing their life savings and the ruin of numerous local businesses causing poverty, depression and bankruptcy.[1] The effects were profound and lasted for a considerable number of years.[2][3][1]