Cheltenham and Gloucester

Cheltenham and Gloucester (C&G) is a commercial bank in the United Kingdom, a subsidiary of Lloyds-TSB Bank plc. The C&G specialises in savings products and mortgages. Previously C&G was a building society, known as the Cheltenham and Gloucester Building Society. The bank is the third largest mortgage lender in the UK. It is headquartered in Gloucester, England. A commercial bank is a type of financial intermediary and a type of bank. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, which was created in 1995 following the merger of the TSB Group and the Lloyds Bank Group. ... Introduction A mortgage is a device used to create a lien on real estate by contract. ... Building society was the name given in 19th century Britain for working mens co-operative savings groups: by pooling savings, members could buy or build their own homes. ... Gloucester (pronounced ) is a city and district in south-west England, close to the Welsh border. ... Jump to: navigation, search Royal motto (French): Dieu et mon droit (Translated: God and my right) Englands location within the UK Official language English de facto Capital London de facto Largest city London Area - Total Ranked 1st UK 130,395 km² Population - Total (mid-2004) - Density Ranked 1st UK...

C&G, like many large building societies in the UK, was formed from a series of mergers of small regional societies. It can trace its routes back to the Cheltenham & Gloucestershire Permanent Mutual Benefit Building and Investment Association in 1850. At first the Society was based in Cheltenham, its first Gloucester branch opening in 1896. Over the next 80 years, it expanded throughout the UK, opening the 100th branch in Pershore in 1979. Throughout the 1980s, the C&G acquired several smaller building societies, as consolidation of the sector intensified. Jump to: navigation, search 1850 was a common year starting on Tuesday (see link for calendar). ... Jump to: navigation, search The centre of Cheltenham. ... Gloucester (pronounced ) is a city and district in south-west England, close to the Welsh border. ... Jump to: navigation, search 1896 was a leap year starting on Wednesday (see link for calendar). ... Jump to: navigation, search This page refers to the year 1979. ...

In 1997, the C&G agreed to a takeover approach from Lloyds Bank. This involved the demutalisation of the society, and generated a windfall payment to its members. The C&G brand was retained, and used to sell mortgages through the branch network of Lloyds Bank, and later Lloyds-TSB Bank following the merger of Lloyds Bank and TSB Bank. C&G also retains its own branch network throughout the UK, and operates C&G Invest Direct, a telephone and postal investment service. Jump to: navigation, search 1997 is a common year starting on Wednesday of the Gregorian calendar. ...

External link

• Cheltenham and Gloucester homepage

Commercial banks in the United Kingdom

Abbey | Airdrie Savings Bank | Alliance & Leicester | Bank of Scotland | Barclays | Birmingham Midshires | Bradford and Bingley | Bristol and West | Cheltenham and Gloucester | Clydesdale | Co-operative Bank | Coutts and Company | Egg | First Direct | First Trust Bank | Halifax | HBOS | HSBC | Intelligent Finance | Lloyds TSB | NatWest | Northern Bank | Northern Rock | Royal Bank of Scotland | Sainsbury's Bank | Standard Chartered Bank | The Woolwich | Ulster Bank | Yorkshire Bank