Lloyds Bank Plc Is A British Commercial Bank Founded In 1995 Following The Merger Of Lloyds Bank Plc (founded In Birmingham In 1765) And TSB, Established In 1810. Lloyds Bank Plc Has Operations Across The Country And, As Of 2012, Has 16 Million Independent Savings Customers. It Was Known As Lloyds TSB Bank Plc Between 1999 And 2013.
History
Taylor & Lloyds Was Founded In Dale End, Birmingham, In 1765 By Key Maker John Taylor And Steelmaker And Distributor Simpson Lloyd II. In Fact, It Was Not Until 1864 That The First Branch Opened In Albury, About Six Miles From Birmingham, And Was Renamed Lloyds Bank In 1899. More Than 140 Years Later, The Branch Building At That Time Still Remains, But It Has Been Converted Into A Branch Of The Fast Food Chain Subway.
Through A Series Of Mergers, She Has Become One Of The Four Largest Banks In The UK. Her Overseas Acquisitions Are Concentrated In Brazil And New Zealand. In Addition, Lloyds Bank Is Engaged In Life Insurance Business Through Its Lloyds Abbey Life. In 1986, It Hostile Takeover Of Standard Chartered, But Was Repelled By The Consortium Formed By Bao Yugang And Qiu Deba. In 1994, It Acquired Cheltonham And Gloucester Home Mutual Association, Making Lloyds The Leader In The UK Mortgage Lending Market.
In 1995, It Merged With Trust Savings Bank (TSB) To Form Lloyds TSB Bank. In 2008, It Was Restructured And Its Holding Company Was Renamed Lloyds Banking Group Limited.
On September 18, 2008, Lloyds TSB Acquired HBOS At A Price Of 0.605 Shares For 1 HBOS Share, Valued At £12 Billion ($21.85 Billion) Per Share. HBOS Was Formed By The Merger Of Halifax Bank And Bank Of Scotland. It Is The Largest Mortgage And Savings Bank Group In The United Kingdom. It Has 2 Million Shareholders, 15 Million Depositors And 258 Billion Deposits.
