Former Hokitika Savings Bank

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DescriptionHeritage NZ:
The former Hokitika Savings Bank, one of many savings banks built as an "antidote to squandering", has been sold. The new owners are West Coast iwi Te Runanga o Makaawhio.
The bank was established in Hokitika in 1866, following three other banks already in business servicing the needs arising from the gold rush. It was however, a bank with a difference! This bank was seen as an “antidote to squandering”. It was established under special banking legislation that was copied from England where a movement for this type of banking grew. Unlike trading banks it had a Board of Trustees that were picked from local notables who were responsible for the deposits and operated for the good of those who placed their savings there for safe-keeping. A small part of the earnings were put back into the local community.

The former Hokitika Savings bank, built in 1927 is a handsome building featuring many decorative elements including a winged logo above the corner entrance door. It is a fitting new home for Te Runanga o Makaawhio. The Runanga is planning to bring the building up to earthquake strengthening standards. We wish them well with their new premises.

Image: Schwede66 2015 CC BY-SA 4.0 Wikimedia Commons — with Te Rununga o Makaawhio and Hokitika savings bank.Date of Photo2020Map^[1]

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Location (city or town)HokitikaEvent Hokitika Savings Bank

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Date Created23rd July 2020

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Former Hokitika Savings Bank

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