University of Birmingham unlocks vaults of former Birmingham Municipal Bank

A new free exhibition explores the stories and history of Birmingham Municipal Bank, now The Exchange, as part of Birmingham Heritage Week.

External shot of The Exchange building

The University of Birmingham is inviting visitors to explore the fascinating history of Birmingham Municipal Bank (BMB) in its new free exhibition, Unlocking the Vaults, now open at The Exchange.

The exhibition is featured as part of the University of Birmingham’s events programme for Birmingham Heritage Week, which runs from 11-20 September. It focuses on stories from the Bank’s former safe deposit facility containing more than 4,000 safe deposit boxes.

Set within the building’s historic vaults, the exhibition brings together hidden histories, untold stories and sheds new light on Birmingham Municipal Bank’s legacy and impact on the city and its people.

Drawing on two years of research and more than a century of Birmingham history, Unlocking the Vaults showcases original archives, objects, photographs and first-hand accounts that reveal how the Bank became part of everyday life for generations of Birmingham residents from many walks of life.

Visitors will hear personal memories from former employees and customers, explore contemporary photography created through community collaborations and citizen-historian volunteers, and discover new perspectives on saving, community and economic security.

Unlocking the Vaults was made possible with support from the National Lottery Heritage Fund.

By unearthing the stories of this unique institution, we've been able to shine a brand-new light on Birmingham's history, and we're delighted to share this with our visitors to The Exchange.

Jane McArdle
Unlocking the Vaults project lead, University of Birmingham

Jane McArdle, who led the project, said: “Unlocking the Vaults has been a truly special journey working with community members to uncover and share the personal histories surrounding the Birmingham Municipal Bank. By unearthing the stories of this unique institution, we've been able to shine a brand-new light on Birmingham's history, and we're delighted to share this with our visitors to The Exchange.”

The team worked with a volunteer group of citizen historians to collect and uncover the stories from BMB’s past. This ranges from the everyday experience of staff, the community that used the bank and some of the more standout moments. 

Unlocking the Vaults stories

  • Joan Collins shuts down the banking hall
    Chris Carroll, a contributor to the project, was a former employee at the bank. He shared stories of VIP visits, including a time that the banking hall had to be cleared so that TV and movie star Joan Collins could cash a cheque.
  • The introduction of decimal currency
    BMB helped the citizens of Birmingham navigate the change to decimal currency and produced a Birmingham Municipal Bank shopping guide showing the conversion of old currency to new. Branch staff also had practice sessions to get used to the new coins and how to record transactions.
  • Wedding gold in the vaults
    The South Asian community were regular users of the deposit boxes in the vaults, as possession of gold and gold jewellery was seen as a valuable personal asset within the community. Resham Sahota, a significant contributor to the project, shared the story of her sister’s wedding day. They both travelled to the Broad Street premises in their wedding attire to collect their jewellery and then headed to the wedding. After the photos were taken, they returned the jewellery to the bank before continuing the celebrations.

The exhibition creates a rich and thought-provoking portrait of Birmingham’s social and financial history. It features the oral history project Half-Crowns in their Petticoats: Reloaded by artist Elly Clarke, a 10-minute documentary film produced by IDM Media. Visitors can also view Thrift Radiates Happiness, a photography project developed with photographer Jo Gane and a range of local community groups.

The Grade II-listed, former Birmingham Municipal Bank building was bought by the University of Birmingham in 2018. It had been without a permanent tenant for almost two decades. In 2021, The Exchange opened as the University’s civic city centre hub, creating a place for the public to engage with the world-changing research done by its academics.

Free to visit, Unlocking the Vaults offers a unique opportunity to step into the beautifully restored halls of The Exchange and see it through new eyes. Visitors can look back on the building’s past and uncover the stories that continue to shape conversations about money, belonging and everyday life in Birmingham.

A supporting public talk titled The People’s Bank will see Dr Justine Pick, Honorary Research Fellow in the Department of History, explore the Bank’s roots as Britain’s only municipal savings bank.

In addition to Unlocking the Vaults, for Birmingham Heritage Week the University is hosting a guided walk of Metchley Roman Fort on campus. The Barber Institute of Fine Arts will host interactive family workshops at The Exchange. There will also be different walking tours of campus, heritage University of Birmingham buildings, and of the city centre led by University of Birmingham experts.

Unlocking the Vaults is on display now until 7th November 2026.

Old external shot of Birmingham Municipal Bank

Unlocking the Vaults

Step inside The Vaults and discover the people, places, and experiences behind one of Birmingham's most distinctive civic institutions: Birmingham Municipal Bank.

Notes for editors

For more information and media inquiries, please contact Ellie Hail (e.hail@bham.ac.uk), Communications Officer, University of Birmingham, on +44 (0)7966 311 409. Out-of-hours, please call +44 (0) 121 414 2772.

About the University of Birmingham

  • The University of Birmingham is ranked amongst the world’s top 100 institutions. Its work brings people from across the world to Birmingham, including researchers, educators and more than 40,000 students from over 150 countries.
  • England’s first civic university, the University of Birmingham, is proud to be rooted in one of the most dynamic and diverse cities in the country. A member of the Russell Group and a founding member of the Universitas 21 global network of research universities, the University of Birmingham has been changing the way the world works for more than a century.