Capital and Counties Bank

{{distinguish|Cambridge & Counties Bank}}

{{More citations needed|date=March 2025}}{{logo requested|date=March 2025}}

{{Infobox company

| name = Capital and Counties Bank Limited

| logo =

| type = Joint-stock company

| industry = Banking

| predecessor = Hampshire Banking Co.
North Wilts Banking Co.

| successor = Lloyds Bank

| foundation = {{Start date and age|1877||}}

| defunct = {{End date and age|1918||}}

| location_city = London

| location_country = United Kingdom

| parent =

}}

The Capital and Counties Bank was a London clearing bank, which operated 473 branches throughout the United Kingdom from 1877 until its acquisition by Lloyds Bank in 1918.

History

The bank was formed as the Hampshire and North Wilts Banking Company, following the merger of the Hampshire Banking Company and the North Wilts Banking Company. It was renamed Capital and Counties Bank in 1878. The Hampshire Banking Company had been established in Southampton in 1834 and the North Wilts Banking Company in Melksham in 1835, from the private bank of Moule & Co. founded in 1792.{{cite web |url=https://www.lloydsbankinggroup.com/Our-Group/our-heritage/our-history2/lloyds-bank/capital--counties-bank/ |title=Capital & Counties Bank (1877-1918) |date=2017-06-18 |website=Lloyds Banking Group |access-date=20 December 2016}}

Lloyds Bank offered to acquire the bank on the terms of one Lloyds share, plus £2 cash, for each Capital and Counties share in 1918,{{cite book |title=The Bankers' Magazine |volume=97 |page=419 |publisher=Bradford Rhodes and Company |location=New York |date=July 1918}} with the accounts of the two banks at the Bank of England being merged on 24 August 1918.{{cite book |url=https://www.bankofengland.co.uk/-/media/boe/files/archive/ww/boe-1914-1921-vol3-chapter9.pdf |publisher=The Bank of England |title=The Bank of England 1914-21 |page=271 |chapter=Chapter IX: Sundry Banking Offices and the Branches |volume=3 |first=John |last=Osbourne}} The process of integration was difficult and it was not until 1934 that Capital and Counties Committee of Directors ceased to operate as a separate entity.

References