lloyds took over cheltenham and gloucester on 9 september 2013.
lloyds took over cheltenham and gloucester on 9 september 2013.
when did lloyds take over cheltenham and gloucester?
9 september 2013
at the formation of the new tsb bank, c&g no longer had any branches, and was closed to new business. retained c&g mortgages were administered by cheltenham and gloucester plc and provided by lloyds bank plc. retained savings accounts were held with c&g savings, a trading division of lloyds bank plc. following the transfer of all c&g branches to tsb bank plc, c&g products could be serviced at lloyds bank branches, by phone or by post. by april 2017, all remaining mortgage administration had been transferred to lloyds bank and rebranded and the only remaining products were legacy savings accounts, with the last remaining c&g fixed rate cash isas maturing in 2017.
cheltenham & gloucester
on 24 april 2013, it was confirmed that a number of lloyds tsb branches in england and wales would be combined with the branches of cheltenham & gloucester and the business of lloyds tsb scotland to form a new bank operating under the tsb brand and divested by the group. the selected lloyds tsb branches and those of cheltenham & gloucester were transferred to lloyds tsb scotland plc, which was renamed tsb bank plc. the new bank began operating on 9 september 2013 as a separate division within lloyds banking group. tsb was floated on the london stock exchange on 20 june 2014, and was acquired by banco sabadell one year later and subsequently delisted. the remaining business of lloyds tsb returned to the lloyds bank name on 23 september 2013.
lloyds bank