John Paterson was at the forefront of many of the developments in Port Elizabeth. Amongst these were the establishment of the Grey Institute and the Eastern Province Herald. Perhaps the least obvious creation of John Paterson, was that of the Standard Bank.
It was to be in 1857, that Paterson, a prominent Port Elizabeth businessman, was to turn his hand at banking when he attempted to commence a bank with the title The Standard Bank of Port Elizabeth. A prospectus was duly issued reflecting a proposed capital of £ ¼ million.
Main picture: The first building erected specifically for the Standard BankContinue reading