User:Duke of New Gwynedd/sandbox/Lloyds TSB

Lloyds TSB Bank plc (trading as Lloyds TSB) was the official name of Lloyds Bank from 1999 until 2013. It was formed through the merger of Lloyds Bank and Trustee Savings Bank, which Lloyds had acquired in a reverse takeover in 1995. It began trading after the process of integration was completed in 1999.

1995-1999: Formation
Lloyds Bank merged with TSB Group in 1995, which was structured as a reverse takeover. Lloyds Bank plc was delisted from the London Stock Exchange and TSB Group plc was renamed Lloyds TSB Group plc on 28 December, with former Lloyds Bank shareholders owning a 70% equity interest in the share capital, effected through a scheme of arrangement.

On 28 June 1999, TSB Bank plc transferred all engagements to Lloyds Bank plc which then changed its name to Lloyds TSB Bank plc as a result, at the same time, TSB Bank Scotland plc absorbed Lloyds' three Scottish branches becoming Lloyds TSB Scotland plc. This formed the largest bank in the UK by market share and the second-largest to Midland Bank by market capitalisation. Lloyds' black horse symbol was retained and modified to reflect the merger.

1999-2009: Acquisitions and growth
In 1999, the group agreed to buy the Scottish Widows life insurance fund for £7 billion, and on 3 March 2000 the society was demutualised as part of the acquisition. In July 2001 the company made a bid to merge with Abbey National but the bid was blocked by the Competition Commission, as they ruled that a merger would be against public interest.