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Topic: Trustee Savings Bank


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  Trustee Savings Bank - Wikipedia, the free encyclopedia
Historically the Trustee Savings Bank system, founded by the Rev Henry Duncan, was a (loosely) unified system in Britain and Ireland.
This acted as the model for a worldwide savings bank movement [1].
The United Kingdom Government of Ireland Act, 1920 separated the TSB after the partition of Ireland, and the three above banks are the main legacy of the system.
en.wikipedia.org /wiki/Trustee_Savings_Bank   (145 words)

  
 Lloyds TSB - Wikipedia, the free encyclopedia
Lloyds TSB was formed by the merger of Lloyds Bank and the Trustee Savings Bank in 1995.
The high street banking arms are Lloyds TSB Bank plc, headquartered at Gresham Street in the City of London and Lloyds TSB Scotland plc, headquartered at George Street in Edinburgh.
The Trustee Savings Bank (TSB) was formed by Henry Duncan in Ruthwell, Dumfriesshire, Scotland in 1810.
en.wikipedia.org /wiki/Lloyds_TSB   (593 words)

  
 The Trustee Savings Bank Give-Away   (Site not responding. Last check: 2007-10-23)
Trustees are meant to ensure the TSBs are run for the benefit of their depositors and of the community, their assets being looked after by Trustees on behalf of the depositors.
So they argued that it was because the bank was an unincorporated association that they were depositors instead of members and that the flotation of the TSB would deprive the depositors of their right of ownership of the bank.
Although all the early Savings Banks were 'unincorporated associations' existing for the sole benefit of the depositors, the judges considered that the depositors were not members who had a right to assets.
www.solbaram.org /articles/tsb.html   (2590 words)

  
 Seanad Debates Official Report - 04-04-01
The trustees have, with the agreement of the staff, reached the conclusion that the interests of all stakeholders in the bank will be best served by now moving on to the next stage of the process by changing the status of the TSB and merging with the Irish Permanent.
Section 57 of the Trustee Savings Banks Act, 1989, was amended because the section, as it stood, was not suitable for the proposed reorganisation.
I pay tribute to the trustees of TSB Bank and their predecessors who have done this country and many of its people a great service over the years in providing financial services that were accessible to everyone.
www.irlgov.ie /debates-01/s4april/sect1.htm   (9410 words)

  
 Plymouth, Plymouth and South Devon Savings Bank
The Savings Bank movement was started by the Reverend Henry Duncan, who in 1810 set up a ban in Ruthwell, Dumfriesshire, to help his poorest parishioners save for times of hardship.
Naval Bank on Saturday August 22nd 1914 had a knock-on effect at the Savings Bank because Mr Mackworth Parker, one of the partners of that Bank, was also the treasuer of the Savings Bank.
In 1989 the TSB England and Wales became the TSB Bank PLC and in 1995 this merged with Lloyds Bank to form the Lloyds TSB Group PLC.
www.plymouthdata.info /Banking-PSDSB.htm   (1070 words)

  
 Lloyds TSB Resource Center - lloyds tsb debt management
The Lloyds lloyds tsb bank croydon whitgift lloyds tsb bank-london:about lloyds tsb morgages late centre TSB Group is the fifth largest bank headquartered in the United Kingdom by assets after HSBC Holdings, Royal Bank of Scotland, Barclays Bank, and HBOS.
Lloyds TSB was formed by tsb lloyds morgage the merger of Lloyds Bank and the Trustee Savings Bank in 1995.
In 1985, the Trustee Savings Bank lloyds tsb mortgage Act 1985 was passed which merged the Scottish and Channel Islands operations into TSB lloyds tsb loans England and Wales under the lloyds tsb insurance name TSB Bank plc.
www.taxgloss.com /Tax-Banks_L_-_O-/Lloyds_TSB.html   (651 words)

  
 Scotland - Facts, Information, and Encyclopedia Reference article
Although the Bank of England remains the central bank for the UK Government, three Scottish corporate banks still issue their own banknotes: (the Bank of Scotland, the Royal Bank of Scotland and the Clydesdale Bank).
The Savings Bank movement was created in Scotland in 1810 by the Reverend Henry Duncan as a means of allowing his parishioners to save smaller amounts of money than the major banks would accept as deposits at that time.
His model for the Ruthwell Parish Bank was adopted by well-to-do sponsors throughout the world, with most of the British savings banks eventually amalgamating to form the Trustee Savings Bank - more recently merged with the commercial bank, Lloyds Bank, to form Lloyds TSB - and the American examples becoming a Savings and Loan Association.
www.startsurfing.com /encyclopedia/s/c/o/Scotland.html   (5679 words)

  
 TRUSTEE SAVINGS BANKS ACT, 1989   (Site not responding. Last check: 2007-10-23)
shall be disqualified for being a trustee of a trustee savings bank.
—(1) The trustees of a trustee savings bank shall in each financial year of the bank appoint an auditor to audit the accounts of the bank for that year and a retiring auditor shall be eligible for reappointment under this subsection.
—A deposit in a trustee savings bank of or for the benefit of a person who is not of full age and the interest there on may be paid by the bank to the person and the receipt of the person shall be a sufficient discharge to the bank for the payment.
www.irishstatutebook.ie /1989_21.html   (9325 words)

  
 BANKING - Savings Banks - 1966 Encyclopaedia of New Zealand
When, however, the trading banks were given authority in 1964 to open savings branches, this 25-mile limit was removed and replaced by a system of zoning based on 16 defined natural regions with a community of interest, each zone covering the area in which a particular savings bank was permitted to open branches.
By far the biggest trustee bank is in Auckland, partly of course due to the large population it serves.
The Private Savings Bank Act of 1964 gave legislative authority for the trading banks to establish and carry on private savings banks by means of savings banks companies under the control of the trading banks.
www.teara.govt.nz /1966/B/Banking/SavingsBanks/en   (918 words)

  
 Trustee Savings Bank: rights of ownership: sixth report from the Committee of Public Accounts
This report looks at the question of ownership of the Trustee Savings Banks (TSBs), in the light of information made available both prior to and since the Trustee Savings Banks Act (1985) which made possible the transfer of the TSBs into private ownership through the public flotation of shares in the TSB Group plc.
Looks at the suggestion that TSBs funds may have belonged to the State and at the position of both the Government and initial shareholders with regard to the proceeds of flotation.
Two main conclusions and recommendations suggest that the Treasury had carefully considered the legal position on TSBs ownership and that it was Parliament's responsibility to dispose of TSBs assets as it thought fit.
www.bopcris.ac.uk /bopall/ref22238.html   (198 words)

  
 Glasgow University Archive Services - Collections - Summary Catalogue - Records of Ayr Trustee Savings Bank, Ayr, South ...
Ayr Trustee Savings Bank (savings bank: 1846-1978: Ayr, South Ayrshire, Scotland).
The Ayr Trustee Savings Bank was established in 1909 and certified under the Trustee Savings Bank Act of 1863.
At the reorganisation of the Savings Banks to form the Trustee Savings Bank Scotland in 1983, the Business Archives Council of Scotland were called in to advise and catalogue the Company Archive.
www.archives.gla.ac.uk /collects/catalog/tsb/051-100/tsb058.html   (475 words)

  
 TSB Collapse
His Savings Bank Act of 1863 was aimed at strengthening the private savings bank movement by obliging institutions to certify as trustee savings banks, and at agree to tightly-regulated investment and deposit strategies.
The TSB movement was started in 1810 by the Reverend Henry Duncan in the small Scottish village of Ruthwell to improve the financial position of what were then termed the "labouring classes".
Although the savings banks began to explore the possibility of providing commercial banking services in the 1920s, it took over 50 years for the TSBs to come together to form a modern clearing bank in 1976.
www.timmonet.co.uk /html/body_tsb_collapse.htm   (1143 words)

  
 BANKING - The Banking System - 1966 Encyclopaedia of New Zealand
The banking system in New Zealand is a relatively simple one structurally and comprises a central bank–the Reserve Bank of New Zealand–five commercial or trading banks (each with its own private savings bank), trustee savings banks, and the New Zealand Post Office Savings Bank.
In the banking system the central bank is the youngest member apart from some of the trustee savings banks and the private savings banks which opened in October 1964.
The Trustee Savings Banks Amendment Act of 1957 gave authority to the Minister of Finance to approve in certain circumstances the opening of new savings banks, and in June 1959 the Waikato Savings Bank began business in Hamilton.
www.teara.govt.nz /1966/B/Banking/TheBankingSystem/en   (487 words)

  
 Savings Bank Interest   (Site not responding. Last check: 2007-10-23)
Founded in 1871, Kennebunk Savings Bank is a mutual savings bank and a true community bank.
Cape Cod Five Cents Savings Bank is a mutually-owned savings bank with 13 branches.
Bank fixed deposits are one of the most common savings scheme open to an Fixed deposits also give a higher rate of interest than a savings bank account.
www.pictureprobe.com /savings/savings-bank-interest.html   (532 words)

  
 Lloyds Bank - Hutchinson encyclopedia article about Lloyds Bank   (Site not responding. Last check: 2007-10-23)
In 1995 it announced it would be merging with the Trustee Savings Bank (TSB), to form the UK's largest retail bank.
Charles Lloyd, from Wales, set up a banking business in Birmingham in 1677, which became the private bank of Taylors and Lloyds in 1765, changing its name to Lloyds and Company in 1853.
This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.
encyclopedia.farlex.com /Lloyds+Bank   (158 words)

  
 Union Savings Bank
A trust is a legal arrangement in which UNION Savings BANK (the trustee) manages property (the trust property) transferred to UNION Savings BANK according to your (the grantor’s) written instructions (the trust agreement or the trust document).
It is also recommended that UNION Savings BANK, as the named trustee, review the administrative provisions of the trust agreement prior to your signing of the trust document.
UNION Savings BANK (guardian of the estate) can be appointed as guardian by a court to care for the property of a minor, an incompetent, a spendthrift, or other incapacitated person (the ward).
www.unionsavingsbank.com /investServ.cfm   (1748 words)

  
 TSB - About Lloyds TSB - Lloyds TSB   (Site not responding. Last check: 2007-10-23)
The Trustee Savings Bank Association (TSBA) was established in 1887 to help the individual banks co-operate and to advise on matters of common concern.
TSB England and Wales became TSB Bank plc in 1989, and the newly-named TSB Bank Scotland plc and TSB Bank Northern Ireland plc became its subsidiaries that year.
In 1991 Allied Irish Banks bought TSB Bank Northern Ireland and in 1992 TSB Bank Channel Islands became a subsidiary of TSB Bank.
www.lloydstsb.nl /en/about/tsb_1610796.asp   (363 words)

  
 lloyds information   (Site not responding. Last check: 2007-10-23)
Lloyds TSB was formed by the merger ofLloyds Bank and the Trustee Savings Bank in 1995.
The Trustee Savings Bank (TSB) was formed by a reverend in Dumfriesshire, Scotland in 1810.
In 1985, the Trustee Savings Bank Act 1985 was passed which merged the Scottish and Channel Islandsoperations into TSB England and Wales under the name TSB Bank plc.
www.vsearchmedia.com /lloyds.html   (448 words)

  
 [No title]
Bank of Ireland 1783 - Established by Royal Charter 1958 - Hibernian Bank Ltd 1966 - The National Bank of Ireland Limited Bank of Scotland 1695 - Established and in 1907 acquired the Caledonian Banking Co. Ltd.
1919 - the Union Bank of Manchester Ltd. 1919 - British Linen Bank subsequently disposed of to the Bank of Scotland 1969.
1962 - Steyning & Littlehampton 1975 - Steyning & Sussex County 1960/1990 - Sussex county 1999 - Birmingham Midshires HSBC Bank Plc 1836 - Established as the Birmingham & Midland Bank.
victorianresearch.org /bankmergers.txt   (691 words)

  
 Glasgow University Archive Services - Collections - Summary Catalogue - Records of Greenock Provident Trustee Savings ...
The first Greenock Savings Bank was established in 1815 as the Greenock Provident Bank and was approved in 1833 under the Savings Bank Scotland Act of 1819.
The Bank was certified in 1976 under the Trustee Savings Banks Act of 1969 as the Greenock Provident Trustee Savings Bank.
This was done in preparation for amalgamation later that year with the West of Scotland Trustee Savings Bank.
www.archives.gla.ac.uk /collects/catalog/tsb/051-100/tsb064.html   (525 words)

  
 TRUSTEE SAVINGS BANKS (AMENDMENT) ACT, 2001   (Site not responding. Last check: 2007-10-23)
(d) the trustees of the bank concerned in exercising the powers conferred on them, and in complying with the obligations imposed on them by this section shall, for the purposes of section 22, be deemed to do so in the course of carrying out their duties as such trustees.
(f) A trustee of a bank who becomes an employee or officer of the relevant company or of the banking company shall forthwith become and be disqualified for being a trustee of the bank concerned.
(d) shall provide for the preparation by the trustees of the bank concerned, and the submission to the Minister, of audited financial statements for the period from the transfer date to the date of final distribution in accordance with subsection (6)(b);
www.ucc.ie /law/irlii/statutes/2001_6.htm   (1876 words)

  
 Plymouth, Union Savings Bank, Plymouth Dock
What was officially known as 'The Union Savings Bank for Dock, Stonehouse, Kingsand, Cawsand, Millbrook, Torpoint, Saltash, St Budeaux, Tamerton and the Neighbourhood' was in one room of a house at the back of St Aubyn Street.
In the meantime, in 1924, the Bank had taken over the Savings Banks at Falmouth and Camborne and in consequence renamed itself the Union Trustee Savings Bank of Devonport and the County of Cornwall.
On October 24th 1958 a meeting was held between representatives of the Union Savings Bank and the Plymouth and South Devon Savings Bank with a view to amalgamation.
www.plymouthdata.info /Banking-UnionSB.htm   (384 words)

  
 The National Savings Bank (Amendment) Regulations 1988
(a) in regulation 2(1) the definition of "trustee savings bank" shall be omitted;
(c) in regulation 41(2)(c) the words "(not being stock" to "savings banks)" shall be omitted.
These Regulations amend the National Savings Bank Regulations 1972 by omitting the definition of "trustee savings bank" in regulation 2(1), by revoking regulation 34 and by omitting from regulation 41(2)(c) the reference to stock and securities recorded in the parts of the National Savings Stock Register kept by trustee savings banks.
www.opsi.gov.uk /si/si1988/Uksi_19881166_en_1.htm   (466 words)

  
 Irish Life Resources & Information - irish way of life
Irish Permanent was a predominately personal banking and mortgage company which currently does business in the name of Permanent TSB because of the 2001 Trustee Savings Bank acquisition from the Government of Ireland.
The Bank, which was an unincorporated statutory entity, was governed by the Trustee Savings Bank Act 1989.
In 1988, Waterford was incorporated into the Dublin bank and finally, in 1992, Cork and Limerick Savings Bank amalgamated with Trustee Savings Bank Dublin, to in form TSB Bank.
www.bizhisto.com /irish-life.htm   (1750 words)

  
 Middlesex Savings Bank
Natick, MA — A. James Lavoie, Chairman, President and CEO of Middlesex Savings Bank, was elected Chairman of the Depositors Insurance Fund at its recent annual meeting.
Lavoie is a veteran of the local and national banking scene.
With over $3 billion in assets and 21 branches in 18 communities throughout Eastern Massachusetts, Middlesex Savings Bank is the second largest mutual savings bank in Massachusetts and the sixth largest mutual bank in the country.
www.middlesexbank.com /about/press_detail.asp?id=21   (398 words)

  
 FT.com | Help   (Site not responding. Last check: 2007-10-23)
A trustee holds title to a property on behalf of another.
Bank managed by a body of trustees but which has most of the features of a clearing bank.
The former Trustee Savings Banks in the UK were transformed into TSB Group, now merged with Lloyds Bank as Lloyds TSB.
www.ft.com /Common/HelpPages/help_glost.html   (306 words)

  
 Savings Institute   (Site not responding. Last check: 2007-10-23)
WSBI (the World Savings Banks Institute) is the only global representative of savings and retail banks.
Using image 5.1, please save the PDF file to your system and open the file with Acrobat 6.0 to fill out and submit the form.
Employer-sponsored savings plan are only a useful tool for helping employees save Ronald G. Savings Institute - Willimantic 803 Main Street Willimantic, CT 06226.
www.pictureprobe.com /savings/savings-institute.html   (402 words)

  
 National Savings Bank Bill: report on the consolidation of enactments relating to the National Savings Bank   (Site not responding. Last check: 2007-10-23)
National Savings Bank Bill: report on the consolidation of enactments relating to the National Savings Bank
"The National Savings Bank Bill which is the subject of this report seeks to consolidate certain enactments relating to the National Savings Bank.
The brief introduction (extract above) explains that the provisions relating to the National Savings Bank are in many was similar to those relating to trustee savings banks, which had been consolidated in the Trustee Savings Bank Act 1969.
www.bopcris.ac.uk /bop1965/ref2650.html   (195 words)

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