Renaissance Plaque: The Exchange

The majestic building now known as The Exchange has a distinguished history as a former financial powerhouse before its current incarnation as a hub for the University of Birmingham.

Neville Chamberlain’s vision
This Grade II listed structure was originally built as the headquarters for the Birmingham Municipal Bank.  The Birmingham Municipal Bank was a unique institution, established after the First World War in 1919 (following a temporary bank set up in 1916). Its creation was largely driven by Neville Chamberlain, who, as Lord Mayor of Birmingham, envisioned a savings bank for the city’s working people, designed to help them rebuild their lives and promote thrift. The bank initially operated from different city centre locations, but its growing success necessitated a grand, purpose-built headquarters.

Architectural grandeur
The iconic building on Broad Street was designed by the notable architect T. Cecil Howitt, who also designed the impressive Baskerville House directly opposite. Built in a monumental classical architectural style, with its imposing columns and Portland stone facade, the bank’s headquarters was opened with considerable fanfare on 27th November 1933 by Prince George. For decades, it served as a cornerstone of Birmingham’s financial landscape, providing essential banking services to countless citizens. The bank continued as a department of the City Council until 1976 when it transitioned into a Trustee Savings Bank.

Modern renaissance
After the bank vacated the building in 1998, the landmark structure stood empty for almost two decades. In 2017, the University of Birmingham acquired the building, embarking on an ambitious and sensitive refurbishment project. The aim was to transform the former bank into a vibrant city-centre hub, a “public gateway” for the University, showcasing its research, fostering collaboration, and hosting public events, exhibitions, and courses. The extensive renovation, which began in January 2019, meticulously preserved the building’s historical integrity and grand features, such as the impressive banking hall, while incorporating modern facilities and sustainable solutions.  The Exchange, officially reopened in October 2021 and functions as a dynamic space, embodying the University’s commitment to civic engagement and intellectual exchange, all within a building that remains a powerful symbol of Birmingham’s civic ambition and heritage.