Taylor's and Lloyds was formed in 1765, in Dale End, Birmingham, by button maker John Taylor and iron producer and dealer Sampson Lloyd II. Its first actual branch opened in Oldbury, some six miles west of Birmingham, in 1864. The Oldbury branch remained in use for some 140 years and the building still exists today, although it is now a Subway restaurant.
Through a series of mergers, Lloyds emerged to become one of the big four banks in the UK. It acquired overseas businesses, particularly in Brazil and New Zealand. Lloyds also owned a life assurance company, Lloyds Abbey Life. In 1994, it acquired the Cheltenham and Gloucester Building Society, giving it a large stake in the UK mortgage lending market. In 1995, it merged with the Trustee Savings Bank (TSB) to form Lloyds TSB.
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