Midland Bank became part of which larger Bank in the 1990's?
Midland Bank personal cheque accounts (1958) and cheque cards (1966). In 1958, it acquired Forward Trust, which became a leader in installment finance, leasing and factoring services. In 1967, Midland acquired a share in Montagu Trust, the owner of Samuel Montagu & Co., and thereby became the first British clearing bank to own a London merchant bank. Samuel Montagu, with its own history dating back to 1853, became a wholly owned subsidiary in 1974, and is now part of HSBC's private banking business. Through the acquisition of Samuel Montagu & Co, Midland also gained a majority share in Guyerzeller Bank AG (now
Marine Midland Bank later would be the Wall Street Crash of 1929. As a result of 11 mergers throughout Western New York, Marine Trust Company became Marine Midland Trust Company of Western New York in the 1950s. The name was changed again in the 1960s to Marine Midland Trust Company of Western New York and again in 1970 to Marine Midland Bank-Western. In 1972, the bank moved its headquarters to a new 38-story tower, Marine Midland Center. On January 1, 1976, Marine Midland merged all of its affiliated banks under the single charter of Marine Midland Bank, with headquarters in Buffalo. The new