Monday 8 March 2021

A BANK THAT HELPED INSPIRE THE BEATLES´CLASSIC PENNY LANE IS CLOSING DOWN

A bank, the Liverpool landmark is mentioned in the second verse of the 1967 Beatles' song - but is one of scores of branches being closed in the UK

The branch is one of scores across the UK being axed by the TSB with the loss of hundreds of jobs.



The landmark sits on a corner yards from Liverpool’s iconic Penny Lane.

In the second verse of the 1967 song,  Paul McCartney sings: “On the corner is a banker with a motorcar, and little children laugh at him behind his back, and the banker never wears a Mac in the pouring rain, very strange.”
Nearby spots also mentioned are a tram stop, barber’s and fire station, all popular sites with tourists.

The song was recorded during the Abbey Road sessions that spawned album Sgt Pepper’s Lonely Hearts Club Band.
In the 1997 biography Many Years from Now, by Barry Miles, Paul said of the lyrics: “It was childhood reminiscences... there was a bank on the corner so I imagined the banker.”

 

The branch, due to close in June, was one of three nearby in the 1960s.
Music historian Spencer Leigh said: “As soon as people see the name Penny Lane they think of the song. "It is a perfect pop record.”

TSB axed 93 branches last year alongside plans to shut another 164, with more than 800 jobs at risk.


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