LLoyds TSB

The creation of Lloyds TSB took place in 1995 when Lloyds Bank and the Trustee Savings Bank joined together.

Both banks had previously had a lot of history; Lloyds Bank was started back in 1765 when John Taylor and Sampson Lloyd set up a private banking business in Birmingham, England. In 1865 the partnership changed its status to a joint-stock company, naming itself Lloyds Banking Company Limited.

It was in 1810 when a Scottish Priest set up a bank to help his poorest parishioners save for times of hardship. It proved so popular that by 1818 there were 465 savings banks in Britain (including 182 in Scotland). The Trustee Savings Bank Association (TSBA) was established in 1887 to help the individual banks co-operate. In 1973 the Central Trustee Savings Bank was set up to provide the savings banks with banking and clearing service. Eventually the vast numbers of these small banks whittled down to just 16 regional savings banks. In 1983 these 16 banks merged and TSB England and Wales, TSB Scotland, TSB Northern Ireland and TSB Channel Islands were formed. By 1992 three of the banks had joined together to form the TSB Bank, with the Allied Irish Bank buying TSB Northern Ireland.

Lloyds meanwhile had merged with numerous banks over the years to become one of what was known in the UK as the big four. In 1995 they took over the Cheltenham & Gloucester (C&G) a building society who now play the part of their mortgage supplier. At the end of 1995 Lloyds Bank and the TSB Bank merges into what is known as Lloyds TSB.