The Sheffield Union Bank was based in Sheffield from 1843 to 1901.
24-591: The bank was established in 1843 when it took over the business of the Sheffield branch of the York District Bank. It has authorisation to raise capital of £150,000 in 7,500 shares of £20 each. The four directors were William Smith, John Hall, Richard Sorby and Mark Maugham. The head office and bank was at 1 Bank Street, Sheffield. In 1875 the manager of the Attercliffe branch, William Widdowson, aged 24, absconded. It
48-548: A bid to grab market share Midland scrapped current account charges. It was so successful that all other banks in the United Kingdom had to quickly follow and offer the same or risk losing their customers. The country has had free banking ever since. The Hongkong and Shanghai Banking Corporation acquired a 14.9% equity interest in Midland Bank in 1987, and a strong working relationship developed. In October 1989, First Direct
72-503: A dormant subsidiary, Midland Bank (Branch Nominees) Limited, continues to be registered at Companies House . Samuel Montagu %26 Co. Samuel Montagu & Co. was a British merchant bank founded by Samuel Montagu in 1853. Set up as a bullion brokerage firm, by Samuel Montagu in 1853, it aimed to make money from the Australian gold rush by brokering deals between sellers and buyers. From 1911 onwards, it became part of
96-466: A leader in instalment finance, leasing and factoring services. In 1967, Midland acquired a share in Montagu Trust, the owner of Samuel Montagu & Co. , and thereby became the first British clearing bank to own a London merchant bank . Samuel Montagu, with its own history dating back to 1853, became a wholly owned subsidiary in 1974, and is now part of HSBC 's private banking business. Through
120-459: A result, Midland turned its attention to expanding its branch network, adding new banking services, mechanising its systems (from 1928) and advertising its activities. Midland responded to the ending of credit restrictions in 1958, by extending its branch network and by introducing a series of innovative services, including personal loans (1958), personal cheque accounts (1958) and cheque cards (1966). In 1958, it acquired Forward Trust, which became
144-464: A trained barrister, had been the first outside director of NM Rothschild, before joining the Drayton Corporation, a manager of investment trusts. Its founder, Harley Drayton, was a well-known City buccaneer. Drayton was later absorbed by Samuel Montagu, to form the merchant bank's investment management subsidiary, Drayton Montagu Portfolio Management. Its managing director was David Stevens until
168-633: The Americas , when it had to move its Hong Kong –based headquarters to London on 1 January 1993, accepting primary banking supervision by the Bank of England. In 1997, Midland Bank underwent a total rebrand to match its parent company, with its familiar griffin logo being dropped in favour of the HSBC "hexagon" symbol, albeit with the "Midland Bank" name placed next to it. Midland Bank was renamed HSBC Bank in June 1999, as part of
192-615: The Central Bank of London Ltd. in 1891, becoming the London City and Midland Bank . After a period of nationwide expansion, including the acquisition of many smaller banks, the name Midland Bank Ltd was adopted in 1923. By 1934, it was the largest deposit bank in the world. It was listed on the London Stock Exchange , and was once a constituent of the FTSE 100 Index , but in June 1992, it
216-459: The 1850s the bank's customers included railways, iron founders and engineering concerns, utilities and municipal corporations. Midland acquired Stourbridge Old Bank in 1851 and Nichols, Baker and Crane of Bewdley in 1862. From the 1880s, it expanded its customer base by opening new branches and acquiring other banks. In 1891 it acquired the Central Bank of London (which gave Midland a seat in
240-519: The HSBC UK SWIFT code (all offices in the United Kingdom) remained MIDLGB22 , reflecting its past as the Midland Bank. Midland Bank was famous for its golden griffin logo, surrounded by golden coins originally introduced in 1965 on a black, then later blue background, and for its slogan "the listening bank", written by the advertising executive Rod Allen . Advertisements for the bank appeared in
264-979: The London Bankers' Clearing House , in 1898 it bought the City Bank (which provided a London head office), in 1901 it acquired the Sheffield Union Bank , in 1913 the Sheffield and Hallamshire Bank and, in 1914, it acquired the Birmingham Banking Company . By 1918, with deposits of £335 million, it ranked as the largest bank in the world. Edward Hopkinson Holden led the bank at this time first as managing director from 1898 to 1908 and then as chairman and managing director from 1908 until his death in 1919. He oversaw more than twenty bank amalgamations between 1891 and 1918, and opened new branches throughout England and Wales . Holden also expanded overseas; it
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#1732848483785288-515: The acquisition Midland also gained a majority share in Guyerzeller Bank AG in Switzerland . Michael Samuel Rosenberg was Director of Corporate Finance for Samuel Montagu & Co. Ltd., from 1972 to 1974. Samuel Montagu's chairman in the 1970s was Philip Shelbourne , who owned a terrier named Montagu, which would travel with him in the back seat of his chauffeur-driven Mercedes. Shelbourne,
312-688: The acquisition of Samuel Montagu & Co, Midland also gained a majority share in Guyerzeller Bank AG (now HSBC Guyerzeller Bank ) in Switzerland. Further diversification followed in 1972, when Midland was the leading member of the consortium that acquired the Thomas Cook travel business. After becoming sole owner in 1977, Midland sold its interest in 1992. In 1974, Midland began to open branches or representative offices in overseas countries and to acquire other international banks. The largest of these
336-645: The adoption of the HSBC brand throughout the Group. Prior to this, a Midland Bank branch in Croydon became the first to bear the HSBC name in the UK, albeit with "Midland Bank plc" still featuring on the plaque near the entrance. The last head office of Midland Bank, opposite the Bank of England in Poultry and Princes Street, was sold in October 2006 to a tycoon from Russia, with HSBC vacating
360-526: The banking hall on the ground floor and huge underground deposit vaults in 2007. In 2012 the ground floor was used in the Channel 4 game show The Bank Job . The architect John Alfred Gotch designed the building, with assistance from Sir Edwin Lutyens . Built between 1921 and 1939, and symbol of the 1930s pride of the biggest bank in the world, the building is now The Ned Hotel City of London. Until around 2020,
384-642: The branch network in the United Kingdom would be branded "HSBC UK". Midland Bank was founded by Charles Geach , its first manager in Union Street, Birmingham , England, in August 1836. Geach had formerly worked at the Bank of England ; he secured the business support and capital backing of leading merchants and manufacturers in Birmingham. In the 1830s and 1840s, Midland offered discounted bills of exchange for customers. By
408-518: The group of companies which formed the London bullion market . After the death of founder Samuel Montagu, the bank passed into the ownership of the family trust, Montagu Trust. In 1967, the Midland Bank acquired a share in Montagu Trust, and so became the first British clearing bank to control a London merchant bank. Samuel Montagu & Co. became a wholly owned subsidiary in 1974, and on completion of
432-464: The popular computer game Theme Park . An animated friendly version of the Griffin fronted the bank's television advertising during the 1980s. Midland Bank still traded as Midland Bank, but started adopting an HSBC byline by the early 1990s, started using the HSBC logo from 1997, and was finally rebranded as HSBC Bank in June 1999, as part of the adoption of the HSBC brand throughout the group. However,
456-565: Was based in Sheffield. The branch offices were located at: Midland Bank Midland Bank Plc was one of the Big Four banking groups in the United Kingdom for most of the 20th century. It is now part of HSBC . The bank was founded as the Birmingham and Midland Bank in Union Street, Birmingham , England in August 1836. It expanded in the Midlands , absorbing many local banks, and merged with
480-464: Was discovered that there were anomalies in the accounts estimated at £2,000. In 1881, Francis Bristowe Scott, aged 32, the manager of the Sheffield Moor branch, was convicted of embezzlement of £1,600. He was sentenced to 12 months’ imprisonment with hard labour. It acquired limited liability in 1883. It was amalgamated with the London City & Midland Bank Ltd on 30 June 1901. The head office
504-548: Was established and was at the forefront of telephone banking , with person to person service available twenty four hours a day, 365 days a year. In June 1992, following a brief bidding war with Lloyds Bank , HSBC Holdings plc acquired full ownership of Midland Bank. At the time, it was one of the largest acquisitions in banking history, and gave HSBC a major foothold in Europe , which it needed to complement its existing business in Asia and
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#1732848483785528-464: Was taken over by HSBC Holdings plc , which phased out the Midland Bank name by June 1999 in favour of HSBC Bank. On 10 June 2015, HSBC announced that it would be rebranding its branches in the United Kingdom. HSBC chairman Douglas Flint described the Midland brand as "odds on favourite" for a return to the high street. In September 2015, it was announced that the Midland Bank name would not be revived, and
552-493: Was the first British bank to set up a foreign exchange department and, by 1919, it was acting as London bank to some 650 correspondent banks throughout the world. From 1907, these correspondents included The Hongkong and Shanghai Banking Corporation . After the First World War , the leading British banks entered an agreement with the government that they would not attempt further amalgamations without Treasury approval. As
576-571: Was the purchase of a majority share in Crocker National of California , United States: this was not a success and Midland was forced to take full ownership in 1985 so that it could sell it to Wells Fargo the following year. In 1980, Midland acquired a controlling interest in Trinkaus & Burkhardt KGaA , a private bank in Germany with a long history of its own, today HSBC Trinkaus . In 1984, in
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