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Lloyds Bank California
Lloyds Bank California was a wholly owned subsidiary of Lloyds Bank Plc in the United Kingdom from 1974 to 1986. Throughout its existence, the U.S. retail banking operation functioned as an autonomous unit of the Lloyds Bank Group, alongside Lloyds Bank International and the National Bank of New Zealand. Lloyds Bank California was a commercial bank with a state charter, headquartered in Los Angeles, supervised by the Federal Deposit Insurance Corporation. Formerly the First Western Bank and Trust Company, which traced its origins to 1808, it was sold to Golden State Sanwa Bank in 1986. History 1970s In 1974, London-based Lloyds Bank Limited acquired the 94-branch First Western Bank and Trust Company from World Airways, Inc. of Oakland, California, at a price of US$115 million. The Delaware-registered holding company, Lloyds First Western Corporation, was formed to facilitate the purchase. In accordance with the Group's policy of non-participation in consortium banks, Lloyds Bank C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of The West
Bank of the West is an American financial institution headquartered in San Francisco, California, United States. It is a subsidiary of the French international banking group BNP Paribas and has more than 600 branches and offices in the Midwest and Western United States. History Bank of the West began as Farmers National Gold Bank of San Jose, California, in 1874. When all bank notes became convertible to gold or silver in 1880, the bank converted from a gold national bank and changed its name to the First National Bank of San Jose, California. In 1970, Banque Nationale de Paris (BNP) established the French Bank of California. Later that decade, First National Bank of San Jose changed its name to Bank of the West. In 1979, BNP bought Bank of the West and merged in the French Bank of California. The bank owned 35 locations and $350 million in assets. Throughout the 1980s and 1990s, Bank of the West bought several other banks and branches. In 1987, Bank of the West bought Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1974
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Banking Group
Lloyds Banking Group is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. Lloyds Bank was founded in 1765 but the wider Group's heritage extends over 320 years, dating back to the founding of the Bank of Scotland by the Parliament of Scotland in 1695. The Group's headquarters are located at 25 Gresham Street in the City of London, while its registered office is on The Mound in Edinburgh. It also operates office sites in Birmingham, Bristol, West Yorkshire and Glasgow. The Group also has extensive overseas operations in the US, Europe, the Middle East and Asia. Its headquarters for business in the European Union is in Berlin, Germany. The business operates under a number of distinct brands, including Lloyds Bank, Halifax, Bank of Scotland and Scottish Widows. Former Chief Executive António Horta-Osório told ''The Banker' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sabadell Solbank
Sabadell Solbank was a Spanish bank owned by Banco de Sabadell, which focussed on retail banking for Europeans living in the coastal areas of southern Spain. In 2014, it was fully integrated into the parent company. History Banco NatWest España Banco NatWest March S.A. was formed as a joint venture between Banca March S.A. and National Westminster Bank in 1985. In 1989, NatWest purchased a controlling interest, changing its name to Banco NatWest España S.A. in 1990. In 1996, Grupo Banco Sabadell acquired Banco NatWest España for £123m, integrating it with its Banco de Asturias subsidiary to form Solbank SBD S.A. in 1997. In 2001, Solbank SBD was legally absorbed into Banco Sabadell, with its branches continuing to operate under the Solbank brand (Sabadell Solbank from 2010) for marketing purposes. Banco Halifax Hispania Banco Halifax Hispania S.A.U. was established in 1993, mainly serving about 50,000 British expatriate mortgage customers. In 1997, the Halifax Building Soc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Bank Canada
Lloyds Bank Canada was a wholly owned Canadian subsidiary of Lloyds Bank Plc of the United Kingdom from 1986 to 1990. Its headquarters were in Toronto, and it had 53 branches throughout Canada. It functioned as a member of the Lloyds Bank Group, whose overseas domestic banking interests also included the National Bank of New Zealand. Lloyds Bank International opened two new offices in Canada in 2009, offering its international mortgage. History Lloyds Bank Canada was chartered in 1986, when Lloyds Bank acquired 90 per cent of the assets and most of the liabilities of the Continental Bank of Canada. Continental Bank had been formed earlier in the 1980s, when Niagara Finance Company, later IAC Limited, decided to expand the scope of operations. In 1989, after several years of losses, agreement was reached for the sale of Lloyds Bank's interest in the whole of the issued share capital of the Canadian operation to the Hongkong Bank of Canada, a subsidiary of London-based HSBC Holdings ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of London And Montreal
The Bank of London and Montreal Limited was a joint venture between Bank of London and South America (BOLSA), a subsidiary of Lloyds Bank, and Bank of Montreal. It was established in 1958 and headquartered in Nassau, Bahamas. History *1958 Bank of London and South America, an associate of Lloyds Bank, and Bank of Montreal established Bank of London and Montreal as a 50-50 JV with headquarters in Nassau in the Bahamas. BOLSA contributed its branches in the West Indies and northern South America, and Bank of Montreal contributed capital. *1959 BOLAM established a branch in Jamaica. *1960 BOLAM established a branch in Trinidad. *1964 Barclays Bank (Dominion, Colonial and Overseas) acquired one third of the shares of BOLAM. *1965 Mellon National Bank acquired 15% of the shares in BOLAM. Lloyds' share fell to 24%. Bolam closed its offices in Venezuela and became a large shareholder in Banco La Guaira Internacional, which had offices in Caracas and La Guaira. *1968 The Bank of England ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of London And South America
The Bank of London and South America Limited (BOLSA; es, Banco de Londres y América del Sur, also known simply as ''Banco de Londres'') was a British bank, which operated in South America between 1923 and 1971. Origins The bank's predecessor was incorporated in England on 27 September 1862 as the London, Buenos Ayres and River Plate Bank (''Banco de Londres, Buenos Ayres y Río de la Plata''), originally to operate in Buenos Aires. The bank soon opened branches elsewhere in Argentina, and it changed its name in 1865 to the London and River Plate Bank (''Banco de Londres y Río de la Plata''). The bank expanded over the years to have operations in Uruguay, Brazil and Chile. In 1918, it was acquired by Lloyds Bank Limited. In 1923, Lloyds Bank brought about a merger with the separately owned London and Brazilian Bank, to prevent the two banks being in direct competition with each other. The merged bank was renamed as the Bank of London and South America (BOLSA). Lloyds retaine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanwa Bank
was a major Japanese bank headquartered in Osaka, which operated from 1933 to 2002. It merged with Tokai Bank to form UFJ Bank (now part of MUFG Bank). In the 1990s, it was the most profitable bank in the world, and second-largest in terms of assets behind its eventual merger partner Tokyo-Mitsubishi. Sanwa was formed by the 1933 merger of three Osaka-based banks. The oldest of these banks, Kōnoike Bank, dated its operations back to 1656, when the Kōnoike family of Osaka established a money exchange business. The exchange was chartered to provide services for the Tokugawa shogunate in 1670. In 1877, it was awarded a national bank charter. By the 1930s, Kōnoike was unable to compete with larger banks tied to ''zaibatsu'' conglomerates, so it merged with the Sanjushi Bank and Yamaguchi Bank. It became the largest bank in Japan in terms of assets during the years prior to World War II. During the postwar era, Sanwa was a major financier of Japanese heavy industry as the central hu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyds Bank
Lloyds Bank plc is a British retail banking, retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four (banking), Big Four" clearing house (finance), clearing banks. Lloyds Bank is the largest retail bank in Great Britain, Britain, and has an extensive network of branches and Automated teller machine, ATMs in England and Wales (as well as an arrangement for its customers to be serviced by Bank of Scotland branches in Scotland, Halifax branches in Northern Ireland and vice versa) and offers 24-hour telephone and online banking services. it had 16 million personal customers and small business accounts. Founded in Birmingham in 1765, it expanded during the nineteenth and twentieth centuries and took over a number of smaller banking companies. In 1995 it merged with the Trustee Savings Bank and traded as Lloyds TSB Bank plc between 1999 and 2013. In January 2009, it became the principal subsidiary of Lloyds ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cash Machine
An automated teller machine (ATM) or cash machine (in British English) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance inquiries or account information inquiries, at any time and without the need for direct interaction with bank staff. ATMs are known by a variety of names, including automatic teller machine (ATM) in the United States (sometimes redundantly as "ATM machine"). In Canada, the term ''automated banking machine'' (ABM) is also used, although ATM is also very commonly used in Canada, with many Canadian organizations using ATM over ABM. In British English, the terms ''cashpoint'', ''cash machine'' and ''hole in the wall'' are most widely used. Other terms include ''any time money'', ''cashline'', ''tyme machine'', ''cash dispenser'', ''cash corner'', ''bankomat'', or ''bancomat''. ATMs that are not operated by a financial in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delaware Corporation
The Delaware General Corporation Law (Title 8, Chapter 1 of the Delaware Code) is the statute of the Delaware Code that governs corporate law in the U.S. state of Delaware. Adopted in 1899, the statute has since seen Delaware become the most important jurisdiction in United States corporate law. Delaware is considered a corporate haven because of its business-friendly corporate laws compared to most other U.S. states. Over half of publicly traded corporations listed in the New York Stock Exchange (including its owner, Intercontinental Exchange) and 66% of the ''Fortune'' 500, including Walmart, the world's largest company by revenue, are incorporated (and therefore have its domicile for service of process purposes) in the state. History Delaware acquired its status as a corporate haven in the early 20th century. Following the example of New Jersey, which enacted corporate-friendly laws at the end of the 19th century to attract businesses from New York, Delaware adopted on M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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