1991-2015

Lloyds Bank News' (extract) announcing C&G takeover, 1995.
Lloyds Bank News' (extract) announcing C&G takeover, 1995.

1995 LLOYDS

BANKS AND BUILDING SOCIETIES

In August 1995, Lloyds acquired Cheltenham & Gloucester Building Society. This was the first ever association between a bank and a building society.

Since its foundation in 1850, Cheltenham & Gloucester had taken over more than 50 competitors. It was now one of the UK's largest mortgage providers. But before Lloyds could acquire it, C&G had to demutualise. Its members voted in favour, and each received a windfall payment.

First Lloyds TSB annual report (extract), 1996.
First Lloyds TSB annual report (extract), 1996.

1995 LLOYDS TSB

LLOYDS TSB CREATED

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. But overnight, on 28th June, the remaining 2,380 were rebranded, in a military-style operation. All branches were rebadged internally and externally - this involved nine miles of fascia signs, 18 miles of neon tube and 66,000 new merchandising units. Despite a fire at the warehouse where the new signs were stored, the operation was a success.

Removing 'building society' prior to conversion, 1997.
Removing 'building society' prior to conversion, 1997.

1997 HALIFAX

FROM SOCIETY TO PLC

On 2nd June 1997, the Halifax Building Society converted to plc status. The building society ceased to exist, and the new organisation became known simply as ‘The Halifax’.

Of the members who voted, 97% were in favour of conversion. This resulted in the largest single extension of private share ownership in the UK - more than seven million people participated.

 The conversion was the culmination of a period of significant mergers and expansion. In 1995, the Halifax merged with the Leeds Permanent Building Society. The following year it purchased the life assurance company, Clerical Medical.

Birmingham Midshires logo (detail).
Birmingham Midshires logo (detail).

1999 HALIFAX

BIRMINGHAM MIDSHIRES

Birmingham Midshires joined the Halifax in April 1999. Formerly a Midlands-based building society, it retained its own distinctive brand and product range.

Birmingham Midshires was formed in 1986, with the amalgamation of the Birmingham & Bridgwater and the Midshires building societies. Both had roots going back to the mid-19th century, and were themselves the result of the cumulative mergers of some 50 building societies.

 Based in Wolverhampton, Birmingham Midshires is today a separate division of Bank of Scotland plc. It is known for its specialised lending, such as buy-to-let mortgages..

The ‘Living Logo’
The ‘Living Logo’

2000 LLOYDS TSB

LLOYDS TSB PURCHASES SCOTTISH WIDOWS

On 3rd March 2000, Lloyds TSB completed the purchase of Scottish Widows. With this acquisition, the Bank inherited one of the strongest brands in the insurance industry.

Scottish Widows was established in 1815, and was Scotland’s first mutual life office. It grew to be one of the largest providers of life assurance and investment products in the UK. Following its acquisition by Lloyd TSB, Scottish Widows’ products became available throughout the Lloyds TSB branch network.

Halifax and Bank of Scotland logos merging, 2001.
Halifax and Bank of Scotland logos merging, 2001.

2001 HBOS

HBOS PLC

HBOS plc was established in September 2001, with the merger of Halifax plc and Bank of Scotland. It became the fifth largest financial services company in the UK.

Launched as 'the new force', HBOS set out to be the fastest growing financial services business in the UK, by delivering innovation and value for money. Initially it was very successful, becoming the UK's largest savings and mortgage provider. However, in 2008, problems emerged in its lending portfolio. These, along with the 'credit crunch', saw HBOS taken over by Lloyds TSB. The new company was named Lloyds Banking Group

New Lloyds Banking Group logo, 2009.
New Lloyds Banking Group logo, 2009.

2009 LLOYDS BANKING GROUP

LLOYDS BANKING GROUP CREATED

In January 2009, in the midst of a global financial crisis, Lloyds TSB took over HBOS plc.

The new company instantly became the largest retail bank in the UK. Lloyds Banking Group today serves more than 25 million customers, and brings together a host of well-known brands. These include Bank of Scotland, Birmingham Midshires, Cheltenham & Gloucester, Halifax, Lloyds TSB, and Scottish Widows. Each has its own rich and unique heritage . . .

Lloyds TSB - official Banking and Insurance Partner for London 2012.
Lloyds TSB - official Banking and Insurance Partner for London 2012.

2012 LLOYDS TSB

London 2012

Lloyds TSB was the Official Banking and Insurance Partner of the London 2012 Olympic and Paralympic Games.

The Olympic Games were last held in London in 1948. Taking place shortly after the Second World War, they were called the ‘Austerity Games’. Just over 4,000 athletes from 59 nations had competed in 19 sports. The 2012 Games attracted more than 10,000 athletes from 204 nations. They took part in almost 300 events.

Lloyds Bank was relaunched in September 2013.
Lloyds Bank was relaunched in September 2013.

2013 LLOYDS BANK

The Return of Lloyds Bank

On 9th September 2013 Lloyds TSB once again became two separate banks.

The familiar black horse logo was given a makeover for the relaunch of Lloyds Bank on the high street. And more than 630 branches were brought together across Britain to form the new TSB.

Scottish Widows is 200 and Lloyds Bank is 250 in 2015.
Scottish Widows is 200 and Lloyds Bank is 250 in 2015.

2015 LLOYDS BANKING GROUP

A Milestone Year for the Group

2015 is a milestone year for Lloyds Banking Group. We are marking the 200th anniversary of Scottish Widows, the 250th anniversary of Lloyds Bank and the 30th year of the Lloyds Bank Foundations.

The strength of the Group comes from its rich and diverse heritage, and its iconic brands.  Launching the next phase of its strategy to become Britain’s Best Bank for customers, the Group remains committed to its core purpose of Helping Britain Prosper.  We are proud to have supported local people, businesses and communities for more than three centuries.