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On 9 June 2009, it was reported that Lloyds Banking Group would close Cheltenham & Gloucester's 164 branches in November of that year, at the cost of around 1,660 jobs. [13] Lloyds stated that the C&G brand name would be retained for mortgages and savings, while customers could use any branch of Lloyds TSB to access their accounts. [14]
Lloyds Banking Group has announced plans to close 45 branches across the Lloyds, Halifax and Bank of Scotland networks. See below if your local bank is one of those impacted and what date they are ...
Lloyds TSB (up to 43.5% Bought) Government of the United Kingdom: Bank £ 4 × 10 ^ 9 [citation needed] October 17, 2008: UBS: Swiss National Bank and the Federal administration of Switzerland: Bank $ 5.92 × 10 ^ 10 [40] October 22, 2008: Barnsley Building Society: Yorkshire Building Society: Building society £ 376,000,000 [41] October 24 ...
In 2009, following the UK bank rescue package, the Government of the United Kingdom took a 43.4% stake in Lloyds Banking Group, which later announced that it would sell a standalone retail banking business of 632 branches and most accounts held at those branches in order to comply with European Commission state aid requirements. [12]
The closures will take place between April and October 2020 and see the group shutting 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches.
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The remainder of the Lloyds TSB business would be rebranded as Lloyds Bank. [61] 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. [62] [63] The final transfer of TSB Bank plc to the new owner was due to be completed by late 2013.
Lloyds allowed the National to continue operating independently until 1959. At that point the Commercial Bank of Scotland approached Lloyds with a view to a merger. Lloyds agreed to dispose of its 100% holding in the National Bank and the two Scottish banks merged to become the National Commercial Bank of Scotland ; Lloyds was left with a 37% ...