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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. andNational Westminster Bank
National Westminster Bank, trading 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, it becam ...
in 1985. In 1989, NatWest purchased a controlling interest in the network of mainland branches 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 demutualised and, in 2001, it merged with theBank of Scotland
The Bank of Scotland plc (Scottish Gaelic: ''Banca na h-Alba'') is a commercial bank, commercial and clearing (finance), clearing bank based in Edinburgh, Scotland, and is part of the Lloyds Banking Group. The bank was established by the Par ...
to form HBOS
HBOS plc is 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, Bank of Scotland plc, which ...
. In 2010, following the acquisition of HBOS by Lloyds TSB Group (subsequently renamed Lloyds Banking Group
Lloyds Banking Group plc 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 B ...
), 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 major British retail banking, retail and commercial bank with a significant presence across England and Wales. It has traditionally been regarded one of the "Big Four (banking)#England and Wales, Big Four" clearing house ...
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.
See also
* International Westminster Bank * RBS International * Halifax (Ireland) * Bank of Scotland InternationalReferences
External links
* {{Lloyds Banking Group Banks established in 1997 Banks disestablished in 2014 NatWest Group Lloyds Banking Group Banco Sabadell Defunct banks of Spain banks based in Madrid