He was the son of William Hoare and his wife, Martha Cornelisen, daughter of Henry Cornelisen, and the grandson of Richard Hoare, eldest son of Sir Richard Hoare, founder of the bank; he was born in Bury St Edmunds.[1][2]
Hoare became a junior partner in the family bank in 1774, when, according to Price the other partners were Henry Hoare II (died 1785), Sir Richard Hoare, 1st Baronet (died 1787), and Richard Hoare of Boreham House (died 1778). The baronet was replaced by his son (Henry) Hugh Hoare (1762–1841), around 1788; with Hoare becoming senior partner.[3] He remained in the position to the end of his life in 1828, when Hugh Hoare replaced him.[4]
Hoare bought in 1802 the Red Lion Brewery in East Smithfield, from 1802, and his third son George became a director. It later traded as Hoare and Co.[8][9] The business was not a success, however, as he told his grandson and heir Henry Hoare of Staplehurst, shortly before he died: both Charles Hoare of the bank, and his son-in-law Acland, had put further capital into it.[10]
The Hoare & Co. brewery existed until 1934, and for a number of generations was passed down in the Hoare family. Following a string of acquisitions after World War I, it was taken over by Charrington Brewery in 1933, and closed down the year after.[8]
Family
Hoare married in 1775 Lydia Henrietta Malortie, daughter of the Hanover merchant Isaac Malortie.[11] Their children were:
William Henry Hoare (1776–1819), married 1807 Louisa Elizabeth Noel, daughter of Sir Gerard Noel, 2nd Baronet, father of Henry Hoare of Staplehurst (1807–1866).[11]
