The Capital and Counties Bank was a London
clearing bank, which operated 473 branches throughout the
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...
from 1877 until its acquisition by
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 ...
in 1918.
History
The bank was formed as the Hampshire and North Wilts Banking Company, following the merger of the Hampshire Banking Company and the North Wilts Banking Company. It was renamed Capital and Counties Bank in 1878. The Hampshire Banking Company had been established in
Southampton
Southampton is a port City status in the United Kingdom, city and unitary authority in Hampshire, England. It is located approximately southwest of London, west of Portsmouth, and southeast of Salisbury. Southampton had a population of 253, ...
in 1834 and the North Wilts Banking Company in
Melksham
Melksham () is a town and civil parish on the Bristol Avon, River Avon in Wiltshire, England, about northeast of Trowbridge and south of Chippenham. The parish population was 18,113 at the 2021 census.
History
Early history
Excavations in ...
in 1835, from the private bank of Moule & Co. founded in 1792.
Lloyds Bank offered to acquire the bank on the terms of one Lloyds share, plus £2 cash, for each Capital and Counties share in 1918, with the accounts of the two banks at the Bank of England being merged on 24 August 1918.
The process of integration was difficult and it was not until 1934 that Capital and Counties Committee of Directors ceased to operate as a separate entity.
[
]
References
{{Lloyds Banking Group
Lloyds Banking Group
Banks established in 1877
Banks disestablished in 1918
Defunct banks of the United Kingdom
1918 mergers and acquisitions
1877 establishments in England
Banks