The merger resulted in a new holding company, the National and Commercial Banking Group, with 662 branches in Scotland, which all transferred to the Royal Bank name. The holding company was renamed The Royal Bank of Scotland Group in 1979 and became NatWest Group in July 2020.
A merger resulted in a new parent organization, the National and Commercial Banking Group, with 662 branches in Scotland, which were all rebranded as Royal Bank. This parent company underwent name changes, becoming The Royal Bank of Scotland Group in 1979 and NatWest Group in July 2020.