Dursley's Lloyds Bank celebrates new look after national sell-off
STAFF old and new at Lloyds Bank in Dursley have held a party to celebrate a return to its original roots.
Following the selling off of a large portion of Lloyds Banking Group, the bank on the corner of Castle Street has been rebranded as Lloyds Bank, such as it was in 1995.
As well as tea, coffee and cakes available for customers on Thursday, September 26, the new look branch was completed by former bank manager John Gilo, who worked from 1988 to 1995 when it was first called Lloyds Bank.
In 1995 Lloyds had merged with Trustee Savings Bank to become Lloyds TSB in 1998, creating the largest market share for one banking group.
But in 2009 when the Government bought a large stake in the group to avert a financial crisis, it was decided that the group would have to sell a portion of the business.
A number of Lloyds TSB branches in England and Wales, together with all branches of Lloyds TSB Scotland and Cheltenham and Gloucester, have been brought together to form a new business, under TSB Bank.
The remainder of the Lloyds TSB businesses has been re-branded as Lloyds Bank which had initially started trading in 1765 in Birmingham.
Locally, the changes mean that not only has a new sign been installed outside the branch on Castle Street and new uniforms for the eight employees there, but a return to more traditional banking, according to bank manager Daniel Morgan.
Mr Morgan added that he thought the change was a "revitalisation" for the business.
"It is an exciting prospect and I am proud to be part of it at the Dursley branch. It will be putting customers back at the heart of everything we do," he said.
"There's going to be a more traditional banking atmosphere of being able to approach your banking manager. I think it will bring more confidence back into banking, especially with Lloyds.
"Some of our customers will be very happy to see us go back to Lloyds and our original routes."
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