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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.
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It became incorporated as a chartered bank in 1872 and enjoyed a period of rapid growth and prosperity. The bank was merged with the Canadian Bank of Commerce in 1903. The banking company was formed by eight prominent citizens of Halifax. They included Martin Gay Black, Henry Hezekiah Cogswell and Enos Collins. Cogswell was the first president ...
On 9 February 2010 Bank of Scotland announced that it would be shutting all of its 44 retail branches in the Republic in addition to its customer service centre in Dundalk and direct support functions with a loss of 750 jobs. [6] Halifax cited the economic crisis at the time as the main reason for this decision.
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The Halifax Regional Police (HRP) is one of a number of law enforcement agencies operating in the Halifax, Nova Scotia; the other primaries being the Royal Canadian Mounted Police and the Canadian Forces Military Police. The city also is home to a small detachment of the Canadian National Railway Police.
In August 2020, the company agreed to pay $7.8 million in back wages for allegedly discriminating against 34,193 African Americans in hiring for tellers, personal bankers, customer sales and service representatives, and administrative support positions. The company agreed to provide jobs to 580 of the affected applicants. [139] [140]