Clydesdale Bank
From Free net encyclopedia
Image:Clydesdale logo.gif The Clydesdale Bank is a Scottish commercial and clearing bank, a subsidiary of the National Australia Bank Group. The bank has the third largest market share in its home market. However it also has branches in London and the north of England.
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History
The Clydesdale Bank was founded in Glasgow in 1838. The Clydesdale later expanded throughout Scotland, and later became the first Scottish bank to open branches in the north of England. In 1919 the Midland Bank acquired the Clydesdale Bank. In 1950 the Midland Bank merged the Clydesdale with the North of Scotland Bank which it acquired in 1926.
The Midland Bank later sold its UK subsidiaries, including the Clydesdale Bank, to National Australia Group in 1987. The bank became part of National Australia's UK and Irish subsidiaries including Northern Bank in Northern Ireland; National Irish Bank in Ireland. In 1990 the Yorkshire Bank also became part of the group.
In 2005, the Clydesdale Bank announced a plan to axe many of its rural branches in Scotland in response to poor financial performance. National Australia also announced plans to merge Clydesdale Bank and Yorkshire Bank, although both brand names would be retained.
Banknotes
Image:ClydesdaleBank20.jpg The Clydesdale Bank is one of the three Scottish banks to still issue banknotes. The Bank has the following notes in issue:
- £100 (design features the University of Glasgow)
- £50 (design features Adam Smith)
- £20 (design features Robert the Bruce and Stirling Castle)
- £10 (design features Mary Slessor)
- £5 (design features Robert Burns)
Commonwealth Games
In March 2005, Clydesdale Bank became one of the official partners of the Scottish Commonwealth Games Team, at the 2006 Commonwealth Games in Melbourne, Australia. This sponsorship builds on the relationship formed by its parent, National Australia Group, who are one of the Games' main sponsors as well as a key partner with the Australian team, whilst the sister company, Bank of New Zealand, has joined forces to support its national team.