The original Municipal Bank was conceived by former Birmingham Lord Mayor, Neville Chamberlain, who created the Birmingham Corporation Savings Bank by a 1916 Act of Parliament, to raise money for World War I. It subsequently became the first and only municipal bank in the country. Neville’s father, Joseph Chamberlain, former Mayor and esteemed politician, founded the University, shaping his vision for the city to link education and skills with employment and a local economy to serve the whole population. This move builds on the heritage and vision of the city’s forefathers and reinstates the bank for public use and benefit.