Lloyds TSB Company Information
About
The Lloyds TSB Company
Lloyds
Bank origins stretch back to 1765, when John Taylor and Sampson
Lloyd set up a private banking business in Birmingham, England.
Two sons of the original partners then followed in their footsteps
by establishing a bank – Barnetts Hoares Hanbury and Lloyd
- in London’s Lombard Street. This then eventually became absorbed
into the Lloyds Banking Company.
Strong
connections with South America began in 1918 with the acquisition
of the London and River Plate Bank. The later merger with the London
and Brazilian Bank resulting in the Bank of London and South America
( BOLSA ). During 1971, Lloyds Bank bought the controlling interest
in BOLSA and then merged it with Lloyds Bank Europe to form Lloyds
and Bolsa International Bank. This name then changed in 1974 to
Lloyds Bank International ( LBI ) and LBI was itself merged into
Lloyds Bank in 1986.
1988
Saw Lloyds Bank merge five of its businesses with the Abbey Life
Insurance Company to create Lloyds Abbey Life
During
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 strengthened further by the 1994
takeover of the Rural Bank, making it the leading provider of agricultural
finance.
On
August 1 1995 the Cheltenham & Gloucester ( C&G ) joined
the Lloyds Bank Group. Later on in 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.
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