Lloyds
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The
origins of Lloyds Bank stretch back to 1765, when John Taylor and
Sampson Lloyd set up a private banking business in Birmingham, England.
Over
the years, Lloyds Bank expanded through a series of mergers and
by 1923, Lloyds Bank had made some fifty take-overs, one of which
was the last private firm to issue its own bank notes – Fox,
Fowler and Co. of Wellington, Somerset.
1911
saw the formation of Lloyds Bank (France) when Lloyds Bank acquired
Armstrong and Co., based in Paris and Le Havre. From 1917 it was
run jointly as Lloyds and National and Provincial Bank. In 1955,
Lloyds Bank bought full ownership and it became Lloyds Bank (Foreign)
and later Lloyds Bank Europe.
By
the early 1990s, Lloyds Bank had offices in 30 countries, from Argentina
to the USA. In New Zealand, an already commanding presence as the
National Bank of New Zealand was further strengthened by the 1994
take-over of the Rural Bank, making it the leading provider of agricultural
finance.
On
August 1 1995, Cheltenham & Gloucester (C&G) joined the
Lloyds Bank Group. Later the same year, on 28 December, Lloyds Bank
Group merged with TSB Group to form Lloyds TSB Group plc. In September
1996, Lloyds Abbey Life became a wholly-owned subsidiary of Lloyds
TSB Group.
Source
: LloydsTSB web site
Lloyds
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