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Halifax (previously known as Halifax Building Society and colloquially known as The Halifax) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. It is named after the town of Halifax, West Yorkshire, where it was founded as a building society in 1853.
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [4]
The HBOS Group Reorganisation Act 2006 saw the transfer of Halifax plc and Capital Bank plc to the Bank of Scotland, which had by then become a registered public limited company, Bank of Scotland plc. Although officially HBOS was not an acronym of any specific words, it is widely presumed to stand for Halifax Bank of Scotland.
Bank of Scotland (Ireland) Limited was formed in 2000; it was re-branded as Halifax in 2006 and, in 2010, the Irish operation was wound-down. [3] In 2013, the Dutch branch of Bank of Scotland, which had been established in 1999, transitioned to the Lloyds Bank brand, while a German branch, established in 2008, continues to trade as Bank of ...
On 18 September 2008, Lloyds TSB plc entered into a confirmed agreement to take over HBOS plc (HBOS plc included Halifax Bank and The Bank of Scotland), which took effect on 19 January 2009, when HBOS was acquired and folded into Lloyds Banking Group.
Halifax Share Dealing is a British online broker, allowing customers to buy and sell shares in UK and international companies across a range of markets. It is a subsidiary of the Bank of Scotland which itself is part of the Lloyds Banking Group .
The Merchants' Bank of Halifax constructed its first building of its own in 1879 at the corner of Hollis and George. It was designed by Thomas Reed Jackson. As the bank grew, executives changed its name to reflect its growth and western expansion. [13] In 1901, the Merchants Bank of Halifax changed its name to the Royal Bank of Canada (RBC).
The Halifax Banking Company was the first bank in Nova Scotia. Established in 1825, it was unable to obtain a charter from the Nova Scotia Legislative Assembly and operated as a private company. It became incorporated as a chartered bank in 1872 and enjoyed a period of rapid growth and prosperity.