On the Record · Lloyds Bank
Lloyds Bank acquisitions, on the record
The businesses Lloyds Bank bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Cheltenham and Gloucester Building SocietyWord for word“In 1995, it continued to expand with the acquisition of the Cheltenham and Gloucester Building Society.” 20-F for 2023 | acquisition | 1995 | — |
TSB Group plcWord for word“In 1995, TSB Group plc merged with the Bank.” 20-F for 2023 | merger | 1995 | — |
Scottish WidowsWord for word“In 1999, the businesses, assets and liabilities of TSB Bank plc, the principal banking subsidiary of the TSB Group prior to the merger, and its subsidiary Hill Samuel Bank Limited were vested in Lloyds TSB Bank plc, and in 2000, Lloyds TSB Group acquired Scottish Widows.” 20-F for 2023 | acquisition | 2000 | — |
HBOS plcWord for word“On 18 September 2008, with the support of the UK Government, the boards of Lloyds TSB Group plc and HBOS plc announced that they had reached agreement on the terms of a recommended acquisition by Lloyds TSB Group plc of HBOS plc.” 20-F for 2023 | agreed acquisition | 18 September 2008 | — |
MBNA LimitedWord for word“On 1 June 2017, following the receipt of competition and regulatory approval, Lloyds Banking Group acquired 100 per cent of the ordinary share capital of MBNA Limited, which together with its subsidiaries operates a UK consumer credit card business, from FIA Jersey Holdings Limited, a wholly-owned subsidiary of Bank of America.” 20-F for 2023 | acquisition | 1 June 2017 | — |
TSBWord for word“Following disposals in 2014, Lloyds Banking Group sold its remaining interest in TSB to Banco de Sabadell (Sabadell) in 2015, and all EC state aid requirements were met by 30 June 2017.” 20-F for 2023 | divestiture | 2015 | — |
Hamsard 3352 Limited ("Tusker")Word for word“On 22 February 2023, the Group announced that it had acquired 100 per cent of the ordinary share capital of Hamsard 3352 Limited (“Tusker”) which, together with its subsidiaries, operates a vehicle management and leasing business.” 20-F for 2023 | acquisition | 22 February 2023 | — |
TSB Group plc and Lloyds Bank PlcWord for word“In 1995, TSB merged with Lloyds Bank Plc to form Lloyds TSB Group plc.” 20-F for 2024 | merger | In 1995 | — |
Halifax plc and Bank of ScotlandWord for word“HBOS Group was created in 2001 by merging Halifax plc and Bank of Scotland.” 20-F for 2024 | merger | 2001 | — |
TuskerWord for word“Within this, net fee and commission income decreased by 31 per cent to £938 million (2023: £1,352 million) due to a write off in 2024 relating to changes in commission arrangements with Scottish Widows, partially offset by improved performance in UK Motor Finance, with growth following the acquisition of Tusker in 2023 and higher average vehicle rental values.” 20-F for 2024 | acquisition | 2023 | — |
Read from Lloyds Bank’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-26. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.