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A branch of Alliance & Leicester in Omagh, County Tyrone. The four business sectors were mortgage lending and investments, personal banking, commercial banking and treasury. Alliance & Leicester provided current accounts, general insurance, life assurance, unit trusts, asset financing and commercial lending. The bank also operated Alliance ...
Alliance & Leicester International Limited (ALIL) was the international banking subsidiary of Alliance & Leicester, which was subsequently bought by the Santander Group in October 2008. The bank offered a range of international savings accounts primarily to Isle of Man residents and British expatriates, but also to non domiciles living in the ...
After privatisation, the bank expanded and opened a £9.5 million operations centre in Wigan. [10] The personal banking business of Girobank became part of the Alliance & Leicester Building Society. The Business Banking arm continued to use the Girobank name as a wholly owned subsidiary of the Alliance and Leicester, repositioned as a cash ...
The number of independent banks shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money), followed by Bradford & Bingley; Alliance & Leicester was acquired by Santander, who merged it into Santander UK.
Bradford & Bingley International (BBI) was the international banking subsidiary of Bradford & Bingley, which was itself acquired by the Santander Group in 2008.. On 5 August 2011, the business of BBI was transferred to Alliance & Leicester International (ALIL), also a subsidiary of Santander, ahead of the expiry of a trademark licence on the Bradford & Bingley name and image.
The purchase of Alliance & Leicester by Santander had been agreed earlier that month. [35] Abbey migrated all customer accounts to the Partenon computer software used by Santander in June 2008. [36] On 27 October 2008, Abbey reached an agreement to sell Porterbrook to a consortium of Deutsche Bank, Lloyds TSB and Antin Infrastructure Partners. [37]
In March 2012, the bank began to reduce the number of duplicate branches, identifying 56 that would close. Staff in the branches selected for closure were moved to other nearby branches. [18] Alliance & Leicester Commercial Bank merged into Santander's business banking division, Santander Corporate Banking, in July 2009. [19]
Abbey and Alliance & Leicester merged their membership under Santander UK in February 2011; Bank of Scotland merged their membership into Lloyds Banking Group in September 2011 and Northern Rock resigned from membership in October 2011. The remaining ten members became the initial shareholders of Faster Payments Scheme Limited in November 2011.