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Encyclopedia > Yorkshire Bank
Yorkshire Bank
Type
Founded 1859
Headquarters Leeds, England, UK
Industry Finance and Insurance
Products Financial Services
Parent nab Group
Website http://www.yorkshirebank.co.uk
A high-street branch of the Yorkshire Bank.
A high-street branch of the Yorkshire Bank.

Yorkshire Bank is a commercial bank in England and Wales, a division of Clydesdale Bank. It mostly operates in the North of England, especially in Yorkshire. In 2006 underlying profit rose 16.7 per cent to £454m compared with a year earlier, while post tax earnings climbed 12.8 per cent to £229m. Total income was up 8.7 per cent at £1,193m while net interest income climbed 14.6 per cent to £769m. [1] Image File history File links No higher resolution available. ... Year 1859 (MDCCCLIX) was a common year starting on Saturday (link will display the full calendar) of the Gregorian calendar (or a common year starting on Thursday of the 12-day slower Julian calendar). ... For other uses, see Leeds (disambiguation). ... For other uses, see England (disambiguation). ... Finance and Insurance is an industry group that mainly handles the transfer of paper and money, financial assets. These include: Accounting, Asset Management, Electronic Communications Networks, Financial Services Regulatory Agencies, Investment Banking Investment Firms, Investment Funds, Lending, Outsourced Financial Products & Services Marketing, Securities Brokers & Traders, Stock Exchanges, Trade Facilitation, and... Financial services is a term used to refer to the services provided by the finance industry. ... A holding company is a company that owns part, all, or a majority of other companies outstanding stock. ... The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637) colloquially the National or the NAB. The NAB is part of the NAB Group. ... A website (alternatively, Web site or web site) is a collection of Web pages, images, videos or other digital assets that is hosted on one or several Web server(s), usually accessible via the Internet, cell phone or a LAN. A Web page is a document, typically written in HTML... Image File history File links Metadata No higher resolution available. ... Image File history File links Metadata No higher resolution available. ... A commercial bank is a type of financial intermediary and a type of bank. ... For other uses, see England (disambiguation). ... This article is about the country. ... The Clydesdale Bank PLC (Scottish Gaelic: ) is a commercial bank in the United Kingdom, a subsidiary of the nab Group. ... The North of England , also the North country or simply The North, is a term which strictly refers to any part of Northern England north of a line from the Humber to the Dee estuaries. ... Look up Yorkshire in Wiktionary, the free dictionary. ...


History

The bank was established in 1859 by Colonel Edward Akroyd of Halifax. Based in Leeds it was known as the West Riding Penny Savings Bank. It had originally been planned as a provident society but the status of savings bank was eventually chosen. The West Riding as an administrative county prior to its abolition in 1974. ... An Industrial and Provident Society (IPS) is a legal entity for a trading business or voluntary organisation in the United Kingdom or the Republic of Ireland. ... A savings bank is a financial institution whose primary purpose is accepting savings deposits. ...


The bank was registered under the Friendly Societies Act and individual deposits were restricted to £30 per annum, up to a cumulative balance of £150. Within a year the bank had opened 24 branches, and a further 104 in the year after. Sub-branches were opened in schools and church halls.


The bank was operated on a non-profit making basis and in 1860 it was decided to extend operation to the other Ridings of Yorkshire. To recognise this the name was changed to the Yorkshire Penny Bank. In 1872 it issued cheque books for the first time, primarily for small tradesmen. At that time the bank became the first to create school banks, to encourage the idea of saving at an early age. For the song by Chamillionaire, see Ridin. In the British Isles since Anglo-Saxon times, a riding is traditionally a sub-division (especially in three) of a county[1]. The term has similar or analogous meanings in other countries. ... Look up Yorkshire in Wiktionary, the free dictionary. ... Example of a Canadian cheque. ...


In 1911 depositors' balances were valued at £18 million although reserves were only £500,000 and that existing guarantees were not enough. The Bank of England organised a takeover by a consortium of banks (National Provincial Bank, Westminster Bank, William Deacon Bank, Lloyds Bank, Barclays Bank, Glyn Mills) and the Yorkshire Penny Bank adopted limited liability. After this the bank was able to offer overdrafts for the first time. Headquarters Coordinates , , Governor Mervyn King Central Bank of United Kingdom Currency Pound sterling ISO 4217 Code GBP Base borrowing rate 5. ... This article needs to be cleaned up to conform to a higher standard of quality. ... This article needs to be cleaned up to conform to a higher standard of quality. ... The Royal Bank of Scotland Plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the United Kingdom. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, with the registered office in Edinburgh, Scotland. ... Barclays Bank headquarters One Churchill Place, Canary Wharf Barclays plc (LSE: BARC, NYSE: BCS, TYO: 8642 ) is the fourth largest bank in the United Kingdom. ... The Royal Bank of Scotland Plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the United Kingdom. ... Limited liability (LL) is liability that is limited to a partner or investors investment. ...


In its centenary year of 1959 the bank's name changed to the more familiar Yorkshire Bank Limited. During the 1970's the bank became one of the first to offer fee-free banking whilst in credit, a move that took bigger rivals a decade to follow. In 1982 it adopted public limited company status. The initials PLC after a UK or Irish company name indicate that it is a public limited company, a type of limited company whose shares may be offered for sale to the public. ...


During the Miners' Strike of 1984-85 the bank offered its mortgage holders a deferment, allowing them to postpone payments. The strike took place in the bank's heartland and many miners were customers, having been encouraged by the National Coal Board to have their pay mandated to a bank account. The miners strike of 1984-5 was a major piece of industrial action affecting the British coal industry. ... The National Coal Board (NCB) was the nationalised British coal mining company. ...


In 1990 the NAB Group acquired the bank from the consortium of owning banks which, after mergers and acquisitions, were the National Westminster Bank, holders of (40%), Barclays Bank (32%), Lloyds Bank (20%), and Royal Bank of Scotland (8%). The price paid was £1 billion and the bank joined National Australia Bank's other European businesses, the Clydesdale Bank (Scotland) and the Northern Bank (Northern Ireland). The National Australia Bank or nab (ASX: NAB, LSE: NAB, NYSE: NAB, TYO: 8637) colloquially the National or the NAB. The NAB is part of the NAB Group. ... Old NatWest logo NatWest (formerly the National Westminster Bank) is the United Kingdoms third biggest bank. ... Barclays Bank headquarters One Churchill Place, Canary Wharf Barclays plc (LSE: BARC, NYSE: BCS, TYO: 8642 ) is the fourth largest bank in the United Kingdom. ... Lloyds TSB Group plc is a group of financial services companies, based in the United Kingdom, with the registered office in Edinburgh, Scotland. ... The Royal Bank of Scotland Plc (Scottish Gaelic: [1]) is one of the retail banking subsidiaries of Royal Bank of Scotland Group plc, which together with NatWest, provides branch banking facilities in the United Kingdom. ... The Clydesdale Bank PLC (Scottish Gaelic: ) is a commercial bank in the United Kingdom, a subsidiary of the nab Group. ... This article is about the country. ... Northern Bank, is a commercial bank in Northern Ireland. ... Northern Ireland (Irish: , Ulster Scots: Norlin Airlann) is a constituent country of the United Kingdom lying in the northeast of the island of Ireland, covering 5,459 square miles (14,139 km², about a sixth of the islands total area). ...


In 2005 the National Australia Bank announced its intention to merge the Yorkshire Bank with the Clydesdale under one operating licence, in which the former would be a trading name of the latter. Both operate under separate identities although the Clydesdale brand is the one that has been used in further expansion into the south of England (The Northern Bank was sold to Danske Bank of Denmark along with its operations in the Republic of Ireland, the National Irish Bank). At the same time 40 branches were closed, a reduction of a fifth of the Yorkshire Bank network. [2] Northern Bank, is a commercial bank in Northern Ireland. ... This article does not cite any references or sources. ... National Irish Bank (NIB) (Irish: Banc Éireannach Náisiúnta) is a commercial bank in the Republic of Ireland, one of the traditional Big Four. ...


External links


  Results from FactBites:
 
Yorkshire Bank Loans and Mortgages - CCC Financial Adverse Credit (387 words)
Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire, by Colonel Edward Akroyd as a philanthropic organisation aimed at providing a means of saving for the working classes.
During the late 19th century the Bank became known as Yorkshire Penny Bank and by 1866 the number of branches reached their peak at 955 and, in 1874, the first school banks were launched.
Yorkshire Bank developed into one of the most profitable regional banks in the UK and, in 1990, National Australia Bank Group became the new owners at a cost of £1billion.
Yorkshire Bank Loans and Mortgages - CCC Financial Adverse Credit (395 words)
Yorkshire Bank Yorkshire Bank was founded in 1859 in Halifax, West Yorkshire, by Colonel Edward Akroyd as a philanthropic organisation aimed at providing a means of saving for the working classes.
Yorkshire Bank Today, Yorkshire Bank is the principal English arm of the National Australia Bank Group's European operations.
Yorkshire Bank In 2001 Yorkshire Bank was re-accredited with the prestigious Investors in People status, reflecting the value the Bank places on training and developing its people.
  More results at FactBites »


 

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