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Halifax (previously known as Halifax Building Society and colloquially known as The Halifax) is a British banking brand operating as a trading division of Bank of Scotland, itself a wholly owned subsidiary of Lloyds Banking Group. It is named after the town of Halifax, West Yorkshire, where it was founded as a building society in 1853.
The Halifax Banking Company was the first bank in Nova Scotia. Established in 1825, it was unable to obtain a charter from the Nova Scotia Legislative Assembly and operated as a private company. It became incorporated as a chartered bank in 1872 and enjoyed a period of rapid growth and prosperity.
Online banking, also known as internet banking, virtual banking, web banking or home banking, is a system that enables customers of a bank or other financial institution to conduct a range of financial transactions through the financial institution's website or mobile app. Since the early 2010s, this has become the most common way that ...
Crosby joined the Halifax bank in 1994 as Managing Director of Halifax Life. [8] Five years later, he became the chief executive of Halifax plc, replacing Mike Blackburn, and in 2001 Crosby became the first chief executive of the newly formed HBOS Group after overseeing the merger between Halifax plc and the Bank of Scotland. [9]
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It offered commercial and corporate banking services under the Bank of Scotland brand and retail banking services under the Halifax brand. From 10 February 2010 the bank no longer accepted new business and it ceased to operate as a licensed bank on 31 December 2010. [1] The assets of the bank were merged into Bank of Scotland plc. [2]
Banco Halifax Hispania S.A.U. was established in 1993, mainly serving about 50,000 British expatriate mortgage customers. [4]In 1997, the Halifax Building Society demutualised and, in 2001, it merged with the Bank of Scotland to form HBOS.
The bank constructed its first building of its own on Hollis Street in Halifax in 1837. The Bank of Nova Scotia was founded in 1832 in Halifax, Nova Scotia, a British colony at that time. The bank was incorporated by the Legislative Assembly of Nova Scotia on March 30, 1832. William Lawson was the first president. [10]