![]() ![]() Your Directors have the satisfaction to report that they have concluded an agreement with the well-known and old-established firm of Messrs. Williams, Wednesbury, and Messrs.Stevenson, Salt, & Co., Stafford and Lichfield. Moilliet and Sons, with-which have subsequently been amalgamated the Banks of Messrs. LLOYDS BANKING COMPANY LIMITED – Authorized Capital £2,000,000. The first report of the company in 1865 stated: converted into a joint-stock company known as Lloyds Banking Company Ltd. The association with the Taylor family ended in 1852 and, in 1865, Lloyds & Co. The first branch office opened in Oldbury, some six miles (10 km) west of Birmingham, in 1864. The origins of Lloyds Bank date from 1765, when button maker John Taylor and Quaker iron producer and dealer Sampson Lloyd set up a private banking business in Dale End, Birmingham. (1699 - 1779), Birmingham iron merchant and founder of Lloyds Bank in 1765 It also operates a number of office complex, brand headquarters and data centres in Birmingham, Yorkshire including Leeds, Sheffield, Halifax and Wolverhampton. It has its operational headquarters in London and other offices in Wales and Scotland. ![]() In January 2009, it became the principal subsidiary of Lloyds Banking Group, which was formed by the acquisition of HBOS by the then-Lloyds TSB Group. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank plc between 19. įounded in Birmingham in 1765, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. ![]() As of 2012 it had 16 million personal customers and small business accounts. Lloyds Bank is the largest retail bank in Britain, and has an extensive network of branches and ATMs in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services. It has traditionally been considered one of the " Big Four" clearing banks. Most Recent Rating Update: 14 November 2011įor additional information on this rating, please refer to the linking document under Related Research.Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. This credit rating has been issued outside the European Union (EU) and may be used for regulatory purposes by financial institutions in the EU. DBRS considers the information available to it for the purposes of providing this rating was of satisfactory quality. The sources of information used for this rating include publicly available company documents. Both can be found on the DBRS website under Methodologies. Other methodologies used include the Enhanced Methodology for Bank Ratings – Intrinsic and Support Assessments. The principal applicable methodology is the Global Methodology for Rating Banks and Banking Organisations. The trend on the rating is Stable.Īll figures are in GBP unless otherwise noted. As such, the Notes rating is consistent with Lloyds TSB’s R-1 (middle) Short-Term Debt rating and is subject to the maintenance of this rating. ![]() The Notes will rank equally with Lloyds TSB’s other senior, unsecured indebtedness and are direct, unsubordinated and unsecured obligations of the Bank. (DBRS) has today assigned its R-1 (middle) short-term rating to Lloyds TSB Bank plc’s (Lloyds TSB or the Bank) CAD 5.0 billion Commercial Paper Programme (the Notes). ![]()
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