 It was probably after the failure of Carmarthen Bank that David Morris adopted the name, and changed the name of his bank from David Morris & Sons to Carmarthen Bank.David Morris & Sons had been formed from the amalgamation of Morris & Sons, which he had established in Carmarthen, in 1791, and Carmarthen Furnace Bank, which had been established by John Morgan of Furnace House, Carmarthen.The earliest known bank note for this bank is for £2 and is dated 10 October 1825.