The Bank of Scotland was founded in 1695 and is the oldest surviving UK clearing bank. They also own The Mortgage Business. The Bank of Wales was established as a regional bank in 1986. In 1995 the Bank of Western Australia was acquired. This group is currently ranked as the tenth largest lender in terms of mortgage assets with a market share of approximately 3.2 %.
In May 2001 Bank of Scotland BOS share holders voted unanimously to merge with the Halifax BSoc and became HBOS. Surprisingly the then trade Secretary Patricia Hewitt did not to refer the merger to the Monopolies Commission.
Mortgage Lender Bank of Scotland