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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.
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.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2000s this has become the most common way that customers ...
The property was acquired in 1900 by William Dennis, owner of the Halifax Herald, when T. & E. Kenny, Wholesale Goods, moved locations. [5] The building was renovated with offices to serve as the headquarters for the Herald, a Halifax newspaper company, under the ownership of Dennis.
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Crosby joined the Halifax bank in 1994 as Managing Director of Halifax Life. [8] Five years later, he became the chief executive of Halifax plc, replacing Mike Blackburn, and in 2001 Crosby became the first chief executive of the newly formed HBOS Group after overseeing the merger between Halifax plc and the Bank of Scotland. [9]
In 2001, a wave of consolidations in the UK banking market led the former Halifax Building Society—which originated in 1853—to agree to a £10.8 billion merger with Bank of Scotland. [ 12 ] Trustee Savings Bank (TSB) can trace its roots back to the first savings bank founded by Henry Duncan in Ruthwell , Dumfriesshire , in 1810.
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