Bank Of Scotland (Lowland Scots: Bank O Scotland, Scottish Gaelic: Banca Na H-Alba) Is A Commercial Bank Headquartered In Edinburgh, Scotland. Bank Of Scotland Dates Back To The 17th Century And Is The Second Oldest Continuously Operating Bank In The UK (the First Being Bank Of England). Bank Of Scotland Is Also The Only Unfinished Bank Created By An Act Of The Scottish Parliament. Bank Of Scotland Is Also The First Bank In Europe To Print Its Own Banknotes.
On 17 September 2007, The Governor And Company Of The Bank Of Scotland Became Bank Of Scotland As Part Of The HBOS Group Reorganisation Act 2006. From 19 January 2009, Bank Of Scotland Became Part Of The Lloyds Banking Group As HBOS Was Acquired.
The Scottish Parliament Enacted An Act Establishing The Governor And Company Of The Bank Of Scotland, Which Began Operations In February 1696. Although Not Long After The Bank Of England Was Established (1694), The Governor And Company Of Bank Of Scotland Were A Very Different Financial Institution Group. Bank Of England Was Established Explicitly To Support The English Government's Military Spending, Bank Of Scotland Was Established To Support Scottish Businesses, And Parliament Prohibited The Bank From Lending Money To The Scottish Government On Its Own. The Act Also Gave The Bank A 21-year Monopoly.
