The first Lloyd of Lloyds Bank
Sampson Lloyd II was the original Lloyd of Lloyds Bank. His father, also called Sampson, had fled to Birmingham from Wales towards the end of the 17th century to escape religious persecution – he was a Quaker. His grandfather, Charles, had himself spent ten years in prison for his beliefs.
Sampson senior chose to come to Birmingham because the Church of England’s control in the area was weak. Non-conformists such as Quakers, Unitarians and Baptists all felt comfortable there, and were able to build communities and places of worship.
Non-conformists were barred from attending university and holding public office. As a result, many went into manufacturing or trade - Sampson II followed his father into the family’s iron business. But, with the end of the Seven Years War in 1763, the demand for the metal had collapsed. So, in 1765, anxious to set his children up with an alternative occupation, he opened Birmingham’s first bank, Taylors & Lloyds.