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In December 1995, Lloyds Bank and TSB merged to form Lloyds TSB. However, it was another four years before the new bank became a high street name. By early 1999, only a handful of branches displayed the new Lloyds TSB livery.
The Lloyds Bank name returns to the high street, as Lloyds TSB once again becomes two separate banks. Iron founder Sampson Lloyd and button maker John Taylor set up Birmingham’s first bank. It was originally known as Taylors & Lloyds.
On 24 April 2013, it was confirmed that a number of Lloyds TSB branches in England and Wales would be combined with the branches of Cheltenham & Gloucester and the business of Lloyds TSB Scotland to form a new bank operating under the TSB brand and divested by the group. [40]
Lloyds Banking Group was formed when Lloyds TSB took over HBOS plc at the height of the financial crisis. 2013. Lloyds Bank returned to the high street, as Lloyds and TSB once again became two separate banks. Bank of Scotland was founded in Edinburgh on 17 July 1695. It was Scotland’s first bank.
TSB itself was created in 1985 by an Act of Parliament that merged all the remaining savings banks in England & Wales as TSB Bank plc and in Scotland (except Airdrie Savings Bank) as TSB Scotland plc.
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1986: Lloyds Merchant Bank is formed. 1988: Lloyds acquires controlling interest in Abbey Life Group PLC. 1995: Lloyds Bank Group merges with TSB Group to form Lloyds TSB Group plc. Company History: Lloyds TSB Group plc is one of the Big Four British clearing banks in the United Kingdom.
