250 YEARS OF LLOYDS BANK LLOYDS BANK

LLOYDS BANK
NEWS
250 YEARS OF LLOYDS BANK
lloydsbank.com
North Edition
Highwayman
still at large
Black Horse
Spitfire flies
Page 2
Page 6
2nd June 1765
Exciting new bank
on the horizon
By Wyndham Clarke,
Business Correspondent
Two of Birmingham’s most successful
businessmen have announced they are
to launch a new kind of bank. The bank
is the brainchild of Sampson Lloyd
II, an iron merchant, and John Taylor,
a manufacturer of buttons. Named
Taylors & Lloyds, after its founders, it is
expected to be sited in Dale End, close
to where Mr Taylor’s and Mr Lloyds’s
businesses are based.
The news was well received in
Birmingham’s manufacturing quarter,
where a recent series of inventions
and improved manufacturing
techniques have been likened to an
‘industrial evolution’ by experts.
Recent technological advances made
by some of the city’s most brilliant
minds – James Watt, Josiah Wedgwood,
Matthew Boulton to name just three –
have placed Birmingham at the front of
this new revolution, so the opportunities
that Taylors & Lloyds will bring are
great news for Birmingham.
It’s hoped that this new bank will help
Birmingham prosper by providing
investment and other resources for the
town’s embryonic industrial sector. If it
succeeds, more branches in Birmingham
and even in the wider West Midlands
area could follow. We wish Taylors &
Lloyds luck.
Britain’s first
drive-thru
bank
Page 7
Colmore Row branch, Birmingham, c.1870
Lloyds man
wins Nobel
Prize
Page 6
Lloyds Bank
announces new
partnership
Page 7
1765
1772
1822
Lloyds Bank began life
as Taylors & Lloyds in
Birmingham, in 1765. It
was founded by Sampson
Lloyd II, John Taylor and
their two respective sons.
Each invested £2,000.
Robert Herries established
a bank in London’s West
End in 1772. He went
on to invent the ‘circular
note’, forerunner of
today’s traveller’s cheque.
The bank was acquired by
Lloyds in 1893.
The original symbol
of Lloyds Bank was a
beehive. It was introduced
in 1822, following a
highway robbery in which
£4,002 of Taylors &
Lloyds banknotes were
stolen.
LLOYDS BANK NEWS
2
8th September 1822
Highwayman still at large
By Helen Jones, Crime Correspondent
The identity of the daring highwayman who robbed a
mail coach of £4,002 in Taylors & Lloyds banknotes
was still a mystery last night. The robbery which
took place between Birmingham – where Taylors
& Lloyds has its office – and London, has puzzled
London’s Bow Street Runners, as well as magistrates
in Birmingham.
In a further twist to the story, it is believed that
members of the public have, as yet, failed to come
forward with any information concerning the
robbery – despite the £1,000 reward on offer.
LLOYDS BANK NEWS
3
ADVERTISEMENT
Taylors & Lloyds changes
name to Lloyds & Co
One theory is that the current craze of highwaymanworship could be to blame. As regular readers are no
doubt aware, the executions of highwaymen are often
witnessed by many thousands of spectators.
By Nicholas Saunders,
Business Correspondent
Whether this hero-worship is the reason, or whether
it boils down to an understandable fear of armed and
dangerous highwaymen remains to be seen.
In a move that sees the end of 88 years
of history, Birmingham bank Taylors &
Lloyds has announced it is changing its
name to Lloyds & Co.
Do you have any information that can help in the
recovery of the Taylors & Lloyds banknotes?
If so, please contact: Taylors & Lloyds, 7 Dale End,
Birmingham.
The bank has been run by two
Birmingham families - the Taylors
and the Lloyds, since its foundation
in 1765 - and it is thought that it’s the
death of the Taylor family’s senior
member, Mr James Taylor, which has
caused the name change. Sources close
ADVERTISEMENT
5th October 1822
Taylors & Lloyds
introduces its first logo
Lloyds Banking
Co inherits black
horse logo
Advert
In a move that has stunned the
banking industry, Taylors & Lloyds
has announced the introduction of what
it calls a visual branding device or
‘logo’ on all its banknotes.
By George Baker,
Business Correspondent
With most of the country unable to
read, it is believed that this created
complications when it came to
identifying the banknotes: banknotes
whose primary identifying feature is
the written name of the bank. In order
to prevent this happening in future,
the bank has decided to place a small
symbol – or logo as they’re calling it
– on each of their new banknotes. It’s
hoped that this new pictorial way of
identifying banknotes will mean that
to the family told us that following Mr
Taylor’s death, his youngest son Mr
William Francis declined to become
a partner for personal reasons. Mr
William Francis’s older brother, Mr
James Arthur, has not been offered a
partnership. And so, for the first time
in 88 years, there won’t be a Taylor at
Taylors & Lloyds. With the end of the
association between the two families,
the bank has, in a logical move,
decided to rename itself Lloyds & Co.
It is not known whether it will keep
its beehive logo.
21st March 1884
By Michael Persaud,
Banking Correspondent
According to a spokesman, the bank
is making this move because of the
robbery of £4,002 in Taylors & Lloyds
banknotes last month by an unknown
highwayman. After offering a £1,000
reward for the recovery of the stolen
banknotes, the bank had high hopes
that members of the public would come
forward with information. To date
though, and despite the reward, they’ve
had little response. This newspaper
understands that the bank subsequently
discovered that the issue wasn’t one of
willingness to come forward, but instead
was one of illiteracy.
7th November 1853
anybody, even a child, will be able to
recognise a Taylors & Lloyds banknote
in the future.
So what is the design? After much
deliberation the bank has chosen a
beehive, long famous as a signifier of
thrift and industry, as their ‘logo’. Our
design correspondent, Harry Ead, gave
his views on this new concept. “The
Egyptians were using symbols to depict
Lloyds Banking Co announced the
takeover of London bank Barnetts,
Hoares & Co yesterday. The move will
give Lloyds Banking Co its very first
office in London, at 62 Lombard Street
– a street famous for its banks. In an
intriguing twist to the story, the takeover
also sees Lloyds Banking Co inherit
a black horse.
people and places over 1,500 years ago,
and public houses have been using this
idea for quite a while too. All in all, I
think this bank may have an incredibly
good idea on their hands. Who knows,
in years to come we may be able to
recognise a type of drink or an item of
clothing just by its logo. It may sound
like I have a touch of the fever but I
honestly think this idea will catch on.”
Time will tell.
The sign of the black horse has been
suspended in Lombard Street since
1677, a period in time when door
numbers were unknown, and symbols
were hung outside buildings to let
people know who worked there. Over
time, businesses have become known
by their signs, and as businesses move
in and out of buildings along Lombard
Street they often inherit these signs and
adopt them as their own.
With the takeover of Barnetts, Hoares &
Co, Lloyds Banking Co will be keeping
the well-known black horse sign. It is
believed that the bank will also now
adopt their new equine symbol and add
it to their own beehive logo on their
cheques and stationery.
1853
1865
1884
1887
1911
1912
With the death of James
Taylor, grandson of one
of the founders, the
association between the
families ended. The bank
was renamed Lloyds & Co.
After 100 years in
business, Lloyds & Co.
converted from a private
partnership to a joint-stock
bank. It became Lloyds
Banking Company Ltd.
Lloyds Banking Company
Ltd. inherited the famous
black horse symbol in
1884. This sign dates back
to the 17th century, when
it was used by a goldsmith
in the City of London.
Our office in Lombard
Street in the City of
London was the first
British bank to be lit
by electric light.
With the takeover of
Armstrong & Co. in 1911,
Lloyds Bank acquired
a presence in France.
This marked the start of
overseas expansion.
Lloyds Bank made the
move from Birmingham
to the City of London
in 1912. The new Head
Office was located in
Lombard Street.
LLOYDS BANK NEWS
4
LLOYDS BANK NEWS
5
Exeter branch, 1942, following an air raid
Lloyds Bank advert, 1989
Old black horse signage from a Lloyds Bank branch
One of the first Cashpoint® machines in use, 1972
A clerk in the Hemel Hempstead branch, early 1920s
The Olympic Torch Relay outside a Lloyds TSB branch, 2012
Pudsey Bear lending his support during the BBC Children in Need Appeal, 2014
The Black Horse Spitfire, 1940
Early Lloyds Bank payment card
Corn Street branch, Bristol, 1945
1914
1940
1947
1949
1961
1962
With the outbreak of the
First World War, Lloyds
Bank employed women
as clerks for the first time.
They replaced men who
had joined the armed
services.
During World War II,
Lloyds Bank was not only
keeping people’s finances
safe. When the air raid
sirens sounded, it opened
up its huge underground
vaults – to the people.
At this time, many women
did not have their own
bank accounts. Lloyds
Bank began advertising
to women to encourage
them to open their own
accounts and to be
financially independent.
In 1949, Lloyds Bank
abolished the marriage
bar. This had required
all women to resign on
marriage. The Bank also
granted female staff
‘permanent’ status.
Lloyds Bank wanted to
make banking faster and
simpler so opened one of
the UK’s first drive-thru
branches. They didn’t
really take off but many
US banks have ‘drive-thru’
ATMs today.
The computerisation of
branch accounting systems
at Lloyds Bank began in
1962. That year saw the
installation of the bank’s
first computer, at Pall Mall
branch in London.
LLOYDS BANK NEWS
6
ADVERTISEMENT
10th March 1941
Bank staff buy Spitfire for
the war effort
By Nick Mott,
Home Affairs Correspondent
Some Dig for Victory whilst others
Keep Calm and Carry On, but Lloyds
Bank staff across the country have
topped them all by raising the £7,000
needed for a brand new Spitfire.
Following the army’s withdrawal
from Dunkirk, the RAF have become
Britain’s last defence against invasion.
Every day, huge swarms of Luftwaffe
bombers blot out the sky on their way
to bomb our cities, and every day the
RAF see them off. But at a great cost.
Ever since the Olympic Flame landed
at Dover aboard the destroyer HMS
Bicester, the Lloyds Bank manager has
been following just a few feet behind it
in his Morris Minor. Sitting safely on
12th April 1961
1st October 2014
Britain’s first drive-thru bank
In August alone, Fighter Command
lost 40% of its fighters – the only
planes capable of downing the enemy’s
bombers – so the addition of a brand
new Spitfire will be a huge boost for the
war effort.
As with most wartime information, the
eventual destination of the Lloyds Bank
Spitfire is shrouded in secrecy, but one
thing we do know is that the plane will
be named the Black Horse in honour
of the bank. Up to 12,000 Lloyds Bank
staff have each contributed an average
of 12 shillings to the Spitfire fund.
10th December 1948
Lloyds man wins Nobel
Prize for literature
Lloyds Bank manager helps
keep Olympic Flame alight
The Olympic Flame for the 1948
Olympic Games arrived in London
yesterday. The flame, which has
travelled from Olympia in Greece,
arrived in the Olympic Stadium to the
cheers of thousands of spectators. But
many people who had witnessed this
incredible journey may have asked
themselves, who was the mysterious
man who has been following the Torch
since it landed at Dover two days ago?
Well, we can exclusively reveal, it was
the manager of the Teddington branch
of Lloyds Bank!
7
Lloyds Bank partners with
BBC Children in Need
By Marisha Piltz,
Motoring Correspondent
30th July 1948
By Jerry Halksworth,
Sports Correspondent
LLOYDS BANK NEWS
By Sonia Magris, Arts Correspondent
the seat next to him has been a hurricane
lamp containing a spare flame (also lit
in Olympia), so should anything happen
to the Olympic Torch during its relay
across the country it could be re-lit from
an appropriate source.
We were unable to speak to the manager
himself as he was understandably tired
after his duties, but a spokesman for
Lloyds Bank did manage to speak to
us. “Along with the rest of the country,
we’re doing everything we can to help
with these post-war Olympic Games.
Many of our staff are volunteering
and we’ve opened a special temporary
branch at the stadium for visitors to the
Games. The dedication of Teddington’s
branch manager is exactly the kind of
thing we love to see at Lloyds Bank.”
Lloyds Bank staff across the country
were jumping for joy yesterday as a
former Lloyds Bank clerk, Mr Thomas
Eliot – or T.S. Eliot as he’s known to
his readers – was awarded the 1948
Nobel Prize for Literature at a glittering
ceremony in Stockholm. After being
presented with his award by King
Gustav V of Sweden last night, Mr Eliot
admitted he was lost for words – even
though he’s a poet. “My business may
well be with words,” he said in his
acceptance speech, “but today, here
at the Nobel Academy in Stockholm,
words are beyond me.”
Mr Eliot worked as a clerk in the
Colonial and Foreign department in
the Lombard Street office of Lloyds
Bank between 1917 and 1925. It was
whilst working at the bank that Mr
Eliot wrote his masterpiece The Waste
Land, the brilliant piece of modernist
poetry for which he was awarded the
Nobel Prize. One colleague remembers
Mr Eliot often being inspired while at
work, stating that “he would often in
the middle of dictating a letter, break
off suddenly, grasp a sheet of paper, and
start writing quickly when an idea came
to him”.
Rumour has it that he was also in the
habit of occasionally inviting friends
from the Bloomsbury Set to see him
at work in the bank. Both Mr George
Bernard Shaw and Ms Virginia Woolf
are believed to have visited, as has his
American friend Mr Aldous Huxley. Mr
Huxley has since described Mr Eliot,
sitting at his desk in the bank in his
three-piece suit and tie, as “the most
bank-clerky of all bank clerks”.
It’s not known at the time of going to
press if Mr Eliot has any designs on
returning to work at the bank.
By Ashley Redwood,
Charity Correspondent
Lloyds Bank’s first drive-thru branch
opened early for business yesterday.
The bank, which offers all the usual
banking services and is based in High
Wycombe, allows customers to drive
directly up to a teller’s window and do
their banking without having to leave
the comfort of their own car. The idea
of being served whilst in your car has
been a huge success in America where
they even have drive-thru restaurants
and chemists, and it’s hoped that it will
catch on over here too. It’s thought that
the bank is initially trialling the concept
to see whether or not to expand the idea
into other branches, so who knows,
maybe one day all banks will be drivethru banks.
It’s an exciting time for Lloyds Bank
as they launch their pioneering new
three-year partnership with
BBC Children in Need. They’ll be
working closely with schools across
the country to help millions of children
raise even more money to help make a
difference to the lives of disadvantaged
children and young people across the
UK, as well as developing skills to
improve their own futures. Expectations
are high for this unique partnership; it’s
expected to double donations raised by
schools by 2017.
13 August 2012
th
Lloyds TSB is proud partner of London
2012 Olympic and Paralympic Games
By Tate Respinger,
Sports Correspondent
The London 2012 Olympic Games
drew to a stunning conclusion last night
with a closing ceremony every bit as
big on glamour and entertainment as
the opening ceremony. Was it really
only two weeks ago that we sat in the
stadium, jaws on the floor, as the Queen
jumped from an aeroplane and Mr Bean
played the piano alongside Sir Simon
Rattle?
In that time the whole country has
been taken on a roller coaster journey
along every emotion known to man.
Disappointment to euphoria, anxiety
to elation, we’ve been yanked around
like a balloon in a gale. But perhaps
the greatest thrill of all has been the
rediscovery of belief. Belief that the
country can do what it says it can, belief
that we can do this kind of stuff better
than anyone in the world, belief in our
awe-inspiring sportsmen and women,
and a belief in the people of this
country who during the past two weeks
have been truly inspirational. Every day
at the Games was made special not just
by the athletes, but by the spectators and
the Games Makers too.
Many of those self-same Games
Makers have come from the Games’
proud partner, Lloyds TSB. So, what
was it like to be a Games Maker? “It
was definitely hard work but really
enjoyable. 11-hour shifts and barely a
moment to sit down, but definitely the
best thing I’ve ever, ever done,” Jane
Rendell of Lloyds TSB told us. “There
was such an intense feeling of being
a part of history. As volunteers we
Alison Brittain, Group Director, Retail
at Lloyds Banking Group explained,
“BBC Children in Need is one of the
most enduring and best loved charities
in the UK and we are immensely
proud to be embarking on this unique
and exciting partnership with them.
I’m really looking forward to helping
schools across the UK make an even
bigger difference in their fundraising.”
Commenting on the partnership,
David Ramsden, Chief Executive of
BBC Children in Need, added “We are
sure that Lloyds’ experience of working
with schools and communities will help
weren’t rewarded in cash, but we were
rewarded in emotion, passion and drive.
It’s definitely made me determined to
volunteer again. I even got to see Andy
Murray and Laura Robson!”
us to change thousands more young
lives across the UK.”
As well as working with schools,
we’ve been told that Lloyds Bank
colleagues across the UK will also be
fundraising and volunteering their time.
They’re hoping to help raise at least
£2 million a year to help change the
lives of disadvantaged children and
young people. Keep an eye out for some
of the exciting fundraising events that
will be happening in branches near
you, and you may even get a visit from
Pudsey himself.
Team GB won 65 medals at the
2012 Olympic Games
1971
1972
1995
2012
2013
2014
By the 1960s, Lloyds
Bank had offices across
the globe. In 1971, it
rationalised operations
by merging its main
international subsidiaries,
BOLSA and Lloyds Bank
Europe.
In December 1972, Lloyds
Bank installed its first
Cashpoint® machine at
Brentwood in Essex. By
1988, more than 2,000
were in operation up and
down the country.
In December 1995, Lloyds
Ut tempus orci a bibenBank and TSB merged
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to form Lloyds TSB.
ipsum dolor sit amet,
However, it was another
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name.
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Lloyds TSB was the
Official Banking and
Insurance Partner of the
London 2012 Olympic and
Paralympic Games.
On 9th September 2013
Lloyds TSB once again
became two separate
banks. The familiar black
horse logo was given a
makeover for the relaunch
of Lloyds Bank on the
high street.
For over 30 years
Lloyds Bank Foundations
have distributed over £575m
to local charities. During
2014 in the North they
awarded £4,300,828 to 150
charities. Manna House
pictured here is one of them.
LLOYDS BANK NEWS
8
1
2
3
4
6
5
7
9
8
10
Across
1 Robbery investigators (3,6,7)
7 Small follower of the Olympic torch (6,5)
8 Not just a safe place for money
in WW2 (5)
10 Where it all began (10)
12 Sampson Lloyd loved heavy metal (4)
13 The best bear in charity (6)
11
Down
1 Lloyds founder John Taylor made them (7)
2 Were encouraged to open their own bank
accounts in 1947 (5)
3 Amount colleagues are aiming to raise for
BBC Children In Need in 2015 (3,7)
4 First initials of poet and former Lloyds
bank clerk (2)
5 Retro cinema style bank (5,2)
6 Lloyds Bank Beehive stamp (4)
9 A brave new author visited his poet friend at
the bank (6)
11 Our commitment to ___ing Britain
Prosper (4)
12
Answers:
Across - 1 Bow Street Runners, 7 Morris Minor, 8 Vault, 10 Birmingham, 12 Iron, 13 Pudsey.
Down - 1 Buttons, 2 Women, 3 Two Million, 4 TS, 5 Drive In, 6 Logo, 9 Huxley, 11 Help.
13
30th July 2015
Still a cornerstone of your community
By James Downing,
Regional Editor
Up and down the country, Lloyds
Bank remains firmly at the heart of its
communities. And it’s not just local
businesses and customers that benefit.
The bank has given special
responsibilities for supporting local
charities and community projects in
your region to its Local Directors. At a
more senior level, it has also appointed
dedicated Community Ambassadors.
This sets it apart from other high-street
banks, showing its ongoing commitment
to local communities.
As a Community Ambassador for
the North, Annette Barnes plays a
key role in Lloyds Bank’s Helping
Britain Prosper initiative. Bringing
different groups together in ways
other organisations can’t, she supports
communities and the economy across
the region. She uses her connections
with local MPs and the media to
secure publicity and opportunities
for local causes.
“We work with our local politicians,
community groups and social
enterprises to connect the right
people. We Help Britain to Prosper in
a local way, adding real value to our
communities” she says.
At a more grass-roots level, Local
Directors like Dave Twigg oversee
groups of branches across the North,
organising activities to bring employees
together in aid of local causes.
“Lots of companies are getting more
involved as part of their corporate
responsibility initiatives now,” he told
us. “But I’d say we’re perhaps more
active than most others.”
In his previous post in Stoke-on-Trent,
his group participated in over 100
projects last year alone. One example
saw 20 colleagues participate in a
midnight walk, raising over £1,000 for
Douglas MacMillan Hospice, a major
local charity. Another raised money
for a local charity shop, resulting in
the biggest single donation they’d
ever received.
Civil Society Minister Rob Wilson talking to locals
But it’s not just about raising money.
Sometimes Dave and his colleagues
give their time or share their skills.
One day all the bank managers in
his area gave up a day to repaint and
decorate a local sports ground in an
economically deprived area.
“It was great fun and incredibly
rewarding. It really brought everyone
together,” Dave says.
One of his most memorable activities
was the Three Peaks Challenge, scaling
Scotland’s Ben Nevis, Scafell Pike in
England and Snowdon in Wales in just
26 hours. Fifteen staff members took
part, raising over £7,000 for charity.
“It was incredible. I don’t know how
we can top that!”
Don’t bet on it! Dave is currently
organising a whole new range of
charity projects for Manchester, from
BBC Children In Need collections to
a superhero dress-up day for his bank
managers. Meanwhile a colleague
in nearby Oldham is planning a 10k
run for the Christie Cancer Hospital.
Today
It’s an exciting time as our
pioneering new three-year
partnership with
BBC Children in Need
gets underway.
We are supporting one in
four first-time buyers to
get on the housing ladder.
As part of our commitment
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by over £2bn each year.
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