The history of Lloyds Bank
Read about the heritage of Lloyds Bank, right back to 1765 when Taylors & Lloyds opened as a private bank in Birmingham.
The Cheltenham & Gloucester Building Society joined Lloyds Bank in August 1995. This was the first ever association between a bank and a building society. Later that year, Lloyds merged with TSB to create what was, at that time, the largest force in UK domestic banking.
In 2013, Lloyds TSB once again became two separate banks. This followed a European Commission ruling in 2009 which required the Group to divest part of its business. More than 630 branches across Britain were brought together to form the new TSB. And the Lloyds Bank brand reappeared on the high street once again.
Understanding our past
A lot has changed during the 300 year history of our brands and while we have much within our heritage to be proud of, we can’t be proud of it all. Like any institution that is so interwoven with our country’s history, we must acknowledge and learn from our past.
The Lloyd family were Quakers and, as such, family members were actively involved in the movement to abolish the transatlantic slave trade. John Lloyd, one of the sons of Sampson Lloyd II, one of the original founders of the bank, was heavily involved in the movement. It’s difficult to say whether early customers had connection with the slave trade, as very few customer records have survived. However, customers included those involved in the iron trade as well as gun makers. Birmingham became the main supplier of ironware and guns to Africa, which would have been used by slave traders.
Between 1865 and 1923 Lloyds took over around 50 banks - some 200 in total, as these banks had taken over other banks. There’s evidence in our archive of some links to slavery.
Here's what we know: