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 Banca March, S.A., () is a Spanish investment bank and financial services company headquartered in Palma and Madrid. The bank was founded in 1926 by Juan March. In the beginning, its sphere of influence was limited to Majorca but it eventua ...

S.A. and

National Westminster Bank National Westminster Bank, commonly known as NatWest, is a major retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the merger of National Provincial Bank and Westminster Bank. In 2000, i ...

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 Society Halifax commonly refers to: *Halifax, Nova Scotia, Canada *Halifax, West Yorkshire, England * Halifax (bank), a British bank Halifax may also refer to: Places Australia *Halifax, Queensland, a coastal town in the Shire of Hinchinbrook *Halifax ...

demutualised and, in 2001, it merged with the

Bank of Scotland The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial and clearing bank based in Scotland and is part of the Lloyds Banking Group, following the Bank of Scotland's implosion in 2008. The bank was established by th ...

to form

HBOS HBOS plc was a banking and insurance company in the United Kingdom, a wholly owned subsidiary of the Lloyds Banking Group, having been taken over in January 2009. It was the holding company for Bank of Scotland plc, which operated the Ba ...

. In 2010, following the acquisition of HBOS by Lloyds TSB Group (subsequently renamed

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 Ban ...

), Lloyds TSB Spain and Banco Halifax's 28 branches became

Lloyds Bank International Lloyds Bank International is a wholly owned subsidiary of Lloyds Bank Corporate Markets in the United Kingdom, which is in turn part of Lloyds Banking Group, one of the largest banking groups in Europe. Lloyds Bank's overseas expansion began in ...

S.A.U. In April 2013, Lloyds Banking Group reached an agreement to sell the Spanish operation to Banco Sabadell, with the

Lloyds Bank Lloyds Bank plc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the " Big Four" clearing banks. Lloyds Bank is the largest retail bank in Britain, and has an exte ...

name used under temporary licence. This bank was renamed Sabadell Solbank S.A.U. in November 2013, before being fully integrated into Banco Sabadell on 15 March 2014.

References

External links

* {{Lloyds Banking Group Banks established in 1997 Banks disestablished in 2014 NatWest Group Lloyds Banking Group Banco Sabadell Defunct banks of Spain

History

Banco NatWest España

Banco Halifax Hispania

See also

References

External links