Lloyds TSB is a brand name used by Lloyds Banking Group plc.
Although Lloyds TSB is now just a brand name, it was a bank created from the amalgamation of Lloyds Bank and TSB
Lloyds Bank was founded in 1765 by John Taylor and Sampson Lloyd in Birmingham, England. Their sons established the bank Barnetts Hoares Hanbury and Lloyd in London's Lombard Street.
Lloyds Bank expanded through mergers, including the Wilts and Dorset Bank and the Capital and Counties Bank. Lloyds Bank made around fifty take-overs, including the last private company issuing its own bank notes, Fox, Fowler and Co. of Wellington, Somerset.
Lloyds Bank (France) was formed when Lloyds Bank acquired Armstrong and Co. of Paris and Le Havre. Eventually it became Lloyds Bank Europe.
In South America, Lloyds Bank acquired several banks, merging them into the Bank of London and South America (BOLSA). This was merged with Lloyds Bank Europe to form Lloyds Bank International (LBI), which was itself merged into Lloyds Bank.
In 1988 Lloyds Bank merged with Abbey Life Insurance Company to create Lloyds Abbey Life. In 1995, Cheltenham & Gloucester (C&G) joined the Lloyds Bank Group. Later that year, TSB Group joined and Lloyds TSB Group plc was formed. In 1996 Lloyds Abbey Life became a wholly-owned subsidiary of Lloyds TSB Group. In June 2009 Cheltenham & Gloucester (C&G) was closed down by Lloyds and all staff laid off.
TSB - Trustee Savings Bank
In 1810, the Reverend Henry Duncan of Ruthwell, Dumfriesshire, founded a bank to help the poor save. Hundreds of similar banks soon formed, eventually leading to the formation of the Trustee Savings Bank Association (TSBA) to advise banks on common concerns. By 1992 all remaining savings banks in the UK had joined to form TSB. In 1995, the merger between TSB and Lloyds Bank formed Lloyds TSB Group plc.
Lloyds TSB Bank
Strictly, there is now no Lloyds TSB Bank. The Lloyds TSB brand is still in existence, but Lloyds TSB Group plc became Lloyds Banking Group plc in 2009. Lloyds TSB is the main Lloyds brand, but notice that "TSB" has disappeared from the corporate name.