![]() The European Union demanded the branch sale to inject more competition into British banking, following Lloyds' takeover of HBOS in 2008. Plus HSBC, Royal Bank of Scotland, Santander and Barclays. Lloyds says that whoever buys the Verde branches will have theįirepower to challenge the existing major UK banking groups - itself, 2004 - Appointed Main Board Survey and Valuation Director. London-based, other subsidiaries include the mortgage bank Cheltenham and Gloucester life. My brief was to develop a professional Survey and Valuation division throughout their five-office network. Joint stock banking company formed by merger of Lloyds and TSB. Potential buyers include Virgin Money and National Australia Bank. In 2002 I joined Perry Bishop and Chambers Ltd, a very well respected practice of Chartered Surveyors, Estate Agents and Valuer’s. Will prompt a major shake-up of the UK banking sector. Million customers and service over 8 million accounts.Īs our map shows, the scale of the programme, dubbed "Project Verde", TSB branches in England, Wales and Scotland, as well as more than 160Ĭheltenham & Gloucester branches. The auction will include hundreds of Lloyds On Wednesday Lloyds identified the 620 branches that it will put upįor sale later this year. There’s evidence in our archive of some links to slavery.If you bank with Lloyds Banking Group, either through Lloyds TSB orĬheltenham & Gloucester, your local branch may soon change hands. Working for both Banks and Building societies, including leading up to 8 branches and having an overall FTE of 40. ![]() Birmingham became the main supplier of ironware and guns to Africa, which would have been used by slave traders.īetween 18 Lloyds took over around 50 banks - some 200 in total, as these banks had taken over other banks. During my time within financial services, I have worked in most roles in distribution. However, customers included those involved in the iron trade as well as gun makers. It’s difficult to say whether early customers had connection with the slave trade, as very few customer records have survived. John Lloyd, one of the sons of Sampson Lloyd II, one of the original founders of the bank, was heavily involved in the movement. Visit our Mobile Branches page for the latest routes and times. The Lloyd family were Quakers and, as such, family members were actively involved in the movement to abolish the transatlantic slave trade. Cheltenham All Lloyds Bank branches in Cheltenham Search by Address, City or Postcode Use my location Looking for a mobile branch Our mobile branches offer most of the services our high street branches do. Like any institution that is so interwoven with our country’s history, we must acknowledge and learn from our past. They replaced the men who had gone off to fight.Ī 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. Women were employed by the bank in large numbers for the first time, during the First World War. ![]() This meant officers returning to and from the Front could cash cheques at any time, day or night. ![]() During the First World War, its main office in Charing Cross, London, stayed open 24 hours a day. Previously known as Cox & Co., this firm served as banker to the armed forces. The second acquisition, in 1923, was that of army agency Cox’s & King’s. This was the last provincial bank in England and Wales to issue its own banknotes, which it had done continuously since 1787. In 1921, Lloyds took over the Somerset bank of Fox, Fowler & Co. The bank was forced to offload the branches to. This secured Lloyds' position as one of the ‘Big Five’ high street banks. Lloyds Banking Group is to sell 632 Lloyds TSB and Cheltenham & Gloucester branches to the Co-operative Group in a deal worth up to £750 million. Through the takeover, Lloyds gained an additional 473 branches – an increase of 53%. In 1918, Lloyds undertook what was to be its biggest takeover until the merger with TSB, some 80 years later. Cheltenham, 153 High Street Opening Hours Branch Services Accessibility Book an appointment with one of our experts Frequently asked questions Nearby. It continued its domestic growth, taking over banks large and small it began its expansion overseas its workforce changed beyond recognition, with the employment of women in large numbers during the First World War and its accounting systems, largely unchanged since the 17th century, were transformed by mechanisation. The start of the 20 th century marked a period of significant change for Lloyds, on many different levels. ![]()
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