In 1896, Backhouse's was the third largest (after Barclay of London and Gurney's of Norwich) of twelve houses that united to form the joint-stock bank Barclay & Co, which at its formation held around one quarter of deposits in English private banks.
In 1896, Backhouse's was the third largest (after Barclay of London and Gurney's of Norwich) among twelve houses that united to form the joint-stock bank Barclay & Co. At its formation, this bank held a substantial share of deposits in English private banks.