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Midland Bank's head office banking hall at 27 Poultry, built in the late 1920s Former Threadneedle Street head office of The City Bank, which became London City and Midland Bank The Lutyens-designed 100 King Street, Manchester. Midland Bank was founded by Charles Geach, its first manager in Union Street, Birmingham, England, in
Access was a British credit card brand launched by Lloyds Bank, Midland Bank and National Westminster Bank in 1972 to rival the already established Barclaycard. [1] The business operated from Southend-on-Sea, until 1989 when part of the business was transferred to Basildon.
Marine Midland was founded as Marine Bank, a state-chartered bank, on July 10, 1850, with capital of $170,000. It was founded by eight men from across New York—General James S. Wadsworth of Geneseo, J. P. Beekman of Kinderhook, New York, John Arnot of Elmira, John Magee and Constant Cook of Bath, William R. Gwinn of Medina, and George Palmer and James M. Ganson of Buffalo.
Marine Midland also acquired The HSBC's 6 New York City retail branches, and the next year Hang Seng Bank's two branches in New York City. That same year, Marine Midland acquired 11 branches from the East River Savings Bank in the New York Metropolitan area. Marine also acquired the US dollar clearing business of JPMorgan Chase.
The Federal Deposit Insurance Corporation (FDIC) may assume deposits of banks or allow other banks to assume them. The largest banks to be acquired have been the Merrill Lynch acquisition by Bank of America, the Bear Stearns and Washington Mutual acquisitions by JPMorgan Chase, and the Countrywide Financial acquisition also by Bank of America.
Crocker National Bank was purchased by the British financial institution Midland Bank in 1981, but after a series of financial losses, it was sold to Wells Fargo Bank in 1986. Crocker's executive vice president and two-thirds of the top 70 executives lost their jobs because of the merger.
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Switch was launched in 1988 by Midland Bank, National Westminster Bank and The Royal Bank of Scotland as a multifunction cheque guarantee and cash card.. This merger was referred to as the "penguin wedding," due to its advertisements of penguins in different international settings created by Joel Veitch.