The Bank of Scotland plc is a commercial and clearing bank based in Edinburgh, Scotland. With a history dating to the 17th century, it is the second oldest surviving bank (the Bank of England having been established one year before) in what is now the United Kingdom, and is the only commercial institution created by the Parliament of Scotland to remain in existence. It was also the first bank in Europe to print its own banknotes; it continues to print its own sterling banknotes under legal arrangements which allow some UK banks to issue currency.
On 17 September 2007, The Governor and Company of the Bank of Scotland became Bank of Scotland plc, as part of the HBOS Group Reorganisation Act 2006.
Since 19 January 2009, the Bank of Scotland has formed a key part of the Lloyds Banking Group, following the acquisition of HBOS by Lloyds TSB Group.
Read more about Bank Of Scotland: Banknotes, Corporate Structure, List of Governors of The Bank of Scotland, Sponsorship
Famous quotes containing the words bank of, bank and/or scotland:
“... an adamantine island chained to the shifting bank of the Channel.”
—Christina Stead (1902–1983)
“It was like passing a boundary to dive
Into the sun-filled water, brightly leafed
And limbed and lighted out from bank to bank.
That’s how the stars shine during the day.”
—Wallace Stevens (1879–1955)
“The state of monarchy is the supremest thing upon earth: for kings are not only God’s Lieutenants upon earth, and sit upon God’s throne, but even by God himself they are called gods.”
—James I of England, James VI of Scotland (1566–1625)