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Canada has a strong co-operative financial services sector, which consists of credit unions (caisses populaires in Quebec and other French speaking regions). At the end of 2001, Canada's credit union sector consisted of 681 credit unions and 914 caisses populaires, with more than 3,600 locations and 4,100 automated teller machines. [45]
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 Bank Canada was a wholly owned Canadian subsidiary of Lloyds Bank Plc of the United Kingdom from 1986 to 1990. Its headquarters were in Toronto , and it had 53 branches throughout Canada. It functioned as a member of the Lloyds Bank Group, whose overseas domestic banking interests also included the National Bank of New Zealand .
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]
In 2006, HBOS secured the passing of the HBOS Group Reorganisation Act 2006 (c. i), a local act of Parliament that rationalised the bank's corporate structure. [6] The act allowed HBOS to make the Governor and Company of the Bank of Scotland a public limited company, Bank of Scotland plc, which became the principal banking subsidiary of HBOS.
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 May 20, 1988, HBC amalgamated with Midland Bank Canada, gaining many new corporate banking relationships, combined assets of $472 million, and expanding to Eastern Canada. It acquired Lloyds Bank Canada on May 29, 1990, thereby adding another $4.4 billion in assets and 53 branches. Lloyds Bank had acquired Continental Bank of Canada in 1986 ...
Lloyds Bank California acquired First State Bank of Northern California in 1976, and, in 1986, its 88 branches and US$3 billion in assets, were divested to Japanese-owned Golden State Sanwa Bank for $263 million in cash. [12] Lloyds Bank Canada was formed in 1986, when the bank purchased the Continental Bank of Canada.