23rd December 1887. The Story of Lloyds Bank.
Lloyds Bank in Burton-on-Trent, High Street operated between 1839-1902 as the Union Bank and reflects Bank architecture generally where a delicate balance between conveying prosperity and frivolity, was essential in an era of many bank collapses.
Today the Building News Magazine in 1887 published elevated plans for the new premises for the Lloyds, Barnett & Bosanquet Bank at 71,72,73 Lombard Street, London. At that time it was state-of-the-art, having ‘electric light, fire hydrants and hydraulic lifts’.
In 1910 the name was changed to Lloyds Bank Limited, when the Head Office moved from Birmingham to London, as they were now developing into a national bank. Between the Wars, the building had now acquired ‘air-conditioning and internal telephones’.
Back in 1771 the bank Hanbury Taylor, Lloyds and Bowman Esq.,were at 14 Lombard Street, London before moving to No. 60 in 1778. By 1858 it was known as Hanbury & Lloyds Bank, which acted as the London Agent for Lloyds of Birmingham.
Hanbury and Lloyds then merged with Barrett, Hoare & Co in 1864, to become Barnett, Hoare, Hanbury & Lloyds now at 60-2 Lombard Street.
By 1884 it was called Bosanquet, Salt, & Co., a bank created after the amalgamation of two Lombard Street banks, Bosanquet, Whatman, Harman with Stevenson, Salt and Sons.
The final company before Lloyds Bank as we know it, was that of Lloyds, Barnett and Bosanquet, as mentioned above, with No. 71 Lombard Street as the HQ for many years.(1)
In 2003 it was renamed 14 Cornhill and under a different usage. Lloyds Bank a few years later were forced into a marriage with Halifax Bank of Scotland, but that’s another story to be explored in another Post.
Banks were always conscious of their need to impress with a public face of solidity and stability reflected in their imposing buildings, as at the old Lambton Bank in Sunderland from 1787 to 1934, when it was acquired by Lloyds.
It was built 1889-91, in the Italian Renaissance style which harked back to the grand age of the mercantile and banking dynasties of Italy with their palazzi of the Medicis.The style was denoted by storeys separated into different compositional elements.
(1) The grandfather of the cricket bowling ‘googly’ inventor Bosanquet, was James Whatman Bosanquet a banker, as his father worked for Bosanquet &Co. A descendant was Reggie Bosanquet the newsreader.
ADDENDA: Two Blue Plaques in Birmingham, commemorate early banking: one in Dale End site of Taylors & Lloyds, predecessor of Lloyds, dated 3rd June 1765 and the other in Sparkbrook says Samson Lloyd 1699-1779 lived here.
Ref: lloydsbankinggroup.com/about us; relates to banks taken over.
Ref: architecture.knoji.com/lambton’s-bank-sunderland. Pic Ref.