LLOYDS.
As in the case of Barclays so with Lloyds, the business was founded on some of the most important of the old private banks of the country and especially those in the Birmingham district. Under its present title the Bank was established in Birmingham as a joint stock institution in 1865 by the amalgamation of Messrs. Lloyds and Company (established in 1765) and Messrs.- Monet- and sons. During. the whole of the Bank's. history there has been a continuous increase in. its resources both from natural growth and the policy of amalgamation. At the moment of its establishment as a joint stock institution in 1865 the total of deposits was £1,166,000, while the number of branches was few. To-day deposits stand at f337,000,000, while there are over 1,900 offices in England and Wales with _offices also in India and Burma. Among the many absorptions of other institutions; none, perhaps, was more important than the absorption some years ago of' the Capital and Counties Bank.
Previous page
