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{{distinguish|Cambridge & Counties Bank}}
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The '''Capital and Counties Bank Limited''' was a London [[clearing bank]], which operated 473 branches throughout the [[United Kingdom]] from 1877 until its acquisition by [[Lloyds Bank]] in 1918.
{{Infobox company
| name = Capital and Counties Bank Limited
| logo =
| type = [[Joint-stock company]]
| industry = Banking
| predecessor = Hampshire Banking Co.<br> North Wilts Banking Co.
| successor = [[Lloyds Bank]]
| foundation = {{Start date and age|1877||}}
| defunct = {{End date and age|1918||}}
| location_city = London
| location_country = United Kingdom
| parent =
}}
⚫
The '''Capital and Counties Bank''' was a London [[Clearing bank (United Kingdom)|clearing bank]], which operated 473 branches throughout the [[United Kingdom]] from 1877 until its acquisition by [[Lloyds Bank]] in 1918.


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 and was renamed Capital and Counties Bank in 1878. The Hampshire Banking Company had been established in [[Southampton]] in 1834 and the North Wilts Banking Company in [[Melksham]] in 1835, from the private bank of Moule & Co. founded in 1792.<ref>[http://www.lloydsbankinggroup.com/Our-Group/our-heritage/our-history/lloyds-bank/capital--counties-bank/ Capital and Counties Bank] Lloyds Banking Group (retrieved 20 December 2016)</ref>
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]] in 1834 and the North Wilts Banking Company in [[Melksham]] in 1835, from the private bank of Moule & Co. founded in 1792.<ref name=lloyds>{{cite web |url=https://www.lloydsbankinggroup.com/Our-Group/our-heritage/our-history2/lloyds-bank/capital--counties-bank/ |title=Capital & Counties Bank (1877-1918) |date=2017-06-18 |website=Lloyds Banking Group |access-date=20 December 2016}}</ref>


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,<ref>''The Bankers' Magazine'', Vol. 97 (p. 419), Bradford Rhodes and Company, New York, July 1918</ref> but 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.
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,<ref>{{cite book |title=The Bankers' Magazine |volume=97 |page=419 |publisher=Bradford Rhodes and Company |location=New York |date=July 1918}}</ref> with the accounts of the two banks at the Bank of England being merged on 24 August 1918.<ref>{{cite book |url=https://www.bankofengland.co.uk/-/media/boe/files/archive/ww/boe-1914-1921-vol3-chapter9.pdf |publisher=The Bank of England |title=The Bank of England 1914-21 |page=271 |chapter=Chapter IX: Sundry Banking Offices and the Branches |volume=3 |first=John |last=Osbourne}}</ref> 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.<ref name=lloyds/>


==References==
==References==
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[[Category:Banks disestablished in 1918]]
[[Category:Banks disestablished in 1918]]
[[Category:Defunct banks of the United Kingdom]]
[[Category:Defunct banks of the United Kingdom]]
[[Category:1918 mergers and acquisitions]]
[[Category:1877 establishments in England]]

Latest revision as of 23:51, 30 November 2021

Not to be confused with Cambridge & Counties Bank.
Capital and Counties Bank Limited
Company typeJoint-stock company
IndustryBanking
PredecessorHampshire Banking Co.
North Wilts Banking Co.
Founded1877; 148 years ago (1877)
Defunct1918; 107 years ago (1918)
SuccessorLloyds Bank
Headquarters
London
,
United Kingdom

The Capital and Counties Bank was a London clearing bank, which operated 473 branches throughout the United Kingdom from 1877 until its acquisition by Lloyds Bank in 1918.

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 in 1834 and the North Wilts Banking Company in Melksham in 1835, from the private bank of Moule & Co. founded in 1792.[1]

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,[2] with the accounts of the two banks at the Bank of England being merged on 24 August 1918.[3] 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.[1]

References

[edit]
  1. ^ a b "Capital & Counties Bank (1877-1918)". Lloyds Banking Group. 2017-06-18. Retrieved 20 December 2016.
  2. ^ The Bankers' Magazine. Vol. 97. New York: Bradford Rhodes and Company. July 1918. p. 419.
  3. ^ Osbourne, John. "Chapter IX: Sundry Banking Offices and the Branches". The Bank of England 1914-21 (PDF). Vol. 3. The Bank of England. p. 271.
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