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The remainder of the Lloyds TSB business would be rebranded as Lloyds Bank. [63] Lloyds Banking Group reached a Heads of Terms agreement in July 2012 to sell the Verde branches to The Co-operative Bank for £750 million. [64] [65] The final transfer of TSB Bank plc to the new owner was due to be completed by late 2013.
The origins of Lloyds Bank date from 1765, when button maker John Taylor and Quaker iron producer and dealer Sampson Lloyd set up a private banking business in Dale End, Birmingham. The first branch office opened in Oldbury, some six miles (10 km) west of Birmingham, in 1864. [7]
Online only Bank of Ireland UK: 1783 London, England 1,700 Barclays: 1690 London, England 1,477 100,000 347 The Co-operative Bank: 1872 Manchester, England 25.5 [11] 3,350 50 Danske Bank UK: 1824 Belfast, Northern Ireland 1,400 24 HSBC UK: 1865 London, England 2,975 220,861 327 Lloyds Banking Group [a] 2009 Edinburgh, Scotland: registered office
The former Lloyds Bank International (LBI), both directly and through its banking subsidiaries, BOLSA and BOLAM, [4] together with the National Bank of New Zealand, Lloyds Bank California and the colonial and foreign (later overseas) department of Lloyds Bank, was responsible for the international and foreign banking business of the Lloyds Bank ...
In September 2000, Lloyds TSB acquired Chartered Trust, [2] and, in June 2001, the business of Chartered Trust was merged into the business of Lloyds UDT, and the enlarged operation rebadged under the Black Horse name, to form the asset finance division of Lloyds TSB. [3] Former headquarters of the United Dominions Trust, Cockfosters.
A spokesperson for Lloyds said: "As many customers now choose to bank through their app or online, visits to our Lloyds and Halifax Hexham branches and Lloyds Prudhoe branch have fallen."
Monzo was one of the earliest of a number of new app-based challenger banks in the UK. [5] Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a full current account. [6] As of June 2024, Monzo had over 9.3 million customers. [2]
The Bank of Scotland plc (Scottish Gaelic: Banca na h-Alba) is a commercial and clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group.The bank was established by the Parliament of Scotland in 1695 to develop Scotland's trade with other countries, and aimed to create a stable banking system in the country. [2]