The advent of computerisation in the 1960s heralded an era of rapid change and innovation. The business of the Halifax was transformed - accounts were handled electronically and filing systems automated. A state of the art head office was built at Trinity Road in 1973. Branches were modernised and revolutionary cash dispensers installed.
In 1986, new legislation allowed building societies to increase their range of financial services. The Halifax steadily diversified into personal banking, stock broking, insurance and estate agency.
The 1990s saw a period of mergers and acquisitions. The most notable of these were the 1995 merger with the Leeds Permanent Building Society, and the acquisition of Clerical Medical the following year.
February 1997 marked a turning point in the history of the Halifax. Its members voted overwhelmingly in favour of conversion to plc status. The subsequent flotation on 2nd June was the largest the Stock Market had seen; some 7.5 million shareholders were created at a stroke.
A further acquisition was made in 1999 with Birmingham Midshires. Then, in September 2001, the Halifax merged with Bank of Scotland to form HBOS plc.
In January 2009, following unprecedented turbulence in the global banking market, HBOS plc was acquired by Lloyds TSB.
The new company, Lloyds Banking Group plc, immediately became the largest retail bank in the UK.