This once-derelict building was taken over and repaired by villagers under the leadership of Reverend Henry Duncan in 1800. The model was widely copied across the UK and beyond, with the parish banks eventually becoming known as savings banks and, later, trustee savings banks, giving rise to the abbreviation TSB. A portrait of Henry Duncan sits above his original desk in the Henry Duncan MuseumThe £100m meltdownTSB’s philanthropic principles and mutual ownership didn’t survive the consolidation and privatisation of the 1980s and 1990s. The now-infamous incident, labelled a ‘meltdown’ and ‘fiasco’, affected millions of TSB customers. The end of the TSB brand has been widely reported, in part fuelled by the news that the Halifax brand – another historic name in British banking – would be dropped by its owner Lloyds.