of the yorkshire bank in peterborough type trading division industry finance and insurance founded 1 may 1859 halifax west yorkshire headquarters leeds england products financial services parent cybg plc website www.ybonline.co.uk yorkshire bank is a bank operating in england as a trading division of clydesdale bank and is ultimately owned by cybg plc. it mostly operates in the north of england especially in yorkshire . in 2006 underlying profit rose 16.7 per cent to 454 million compared with a year earlier while post tax earnings climbed 12.8 per cent to 229 million . total income was up 8.7 per cent at 1 193 million while net interest income climbed 14.6 per cent to 769 million . 1 history edit the yorkshire bank headquarters in leeds the bank was established on 1 may 1859 by colonel edward akroyd of halifax . based in leeds it was known as the west riding penny savings bank . it had originally been planned as a provident society but the status of savings bank was eventually chosen . the bank was registered under the friendly societies act and individual deposits were restricted to 30 per annum up to a cumulative balance of 150 . within a year the bank had opened 24 branches and a further 104 in the year after . sub branches were opened in schools and church halls . the bank was operated on a non profit making basis and in 1860 it was decided to extend operation to the other ridings of yorkshire . to recognise this the name was changed to the yorkshire penny bank . in 1872 it issued cheque books for the first time primarily for small tradesmen . at that time the bank became the first to create school banks to encourage the idea of saving at an early age . in 1911 depositors balances were valued at 18 million although reserves were only 500 000 and that existing guarantees were not enough . the bank of england organised a takeover by a consortium of banks national provincial bank westminster bank williams deacon s bank lloyds bank barclays bank glyn mills and the yorkshire penny bank adopted limited liability . after this the bank was able to offer overdrafts for the first time . in its centenary year of 1959 the bank s name changed to yorkshire bank limited . during the 1970s the bank became one of the first to offer fee free banking whilst in credit a move that took bigger rivals a decade to follow . in 1982 it adopted public limited company status . during the miners strike of 1984 85 the bank offered miners who were mortgage holders a deferment allowing them to postpone payments for the duration of the dispute . the strike took place in the bank s heartland and many miners were customers having been encouraged by the national coal board to have their pay mandated to a bank account . in 1990 the national australia bank group acquired the bank from the consortium of owning banks which after mergers and acquisitions were the national westminster bank holders of 40 % barclays bank 32 % lloyds bank 20 % and royal bank of scotland 8 % . the price paid was 1 billion and the bank joined national australia bank s other european businesses clydesdale bank scotland and northern bank which operated in both jurisdictions in ireland . in 2005 the national australia bank announced its intention to merge the yorkshire bank with the clydesdale under one operating licence in which the former would be a trading name of the latter . both operate under separate identities although the clydesdale brand is the one that has been used in further expansion into the south of england northern bank was sold to danske bank of denmark along with its operations in the republic of ireland the national irish bank . at the same time 40 branches were closed a reduction of a fifth of the yorkshire bank network . 2 in 2012 national australia bank completed a strategic review of its uk businesses and decided to scale back operations completely stopping commercial property investment lending and closing 29 financial solutions centres with the resultant loss of 1400 jobs over 3 years . 3 in 2013 yorkshire bank forgot to renew its domain name leading to customers being unable to log onto its website for a number of days . yorkshire bank blamed individual isps saying they had not refreshed their servers . 4 on 2 september 2014 the bank suffered more it related issues as its systems left customers unable to make or receive payments for a period of time . 5 national australia bank confirmed in october 2014 that it planned to exit the uk and was considering a number of options for yorkshire and clydesdale banks including a possible stock market listing . 6 in october 2015 nab announced that it will float clydesdale bank including yorkshire bank on the london stock exchange in february 2016 through an initial public offering 7 with an aim of raising 2bn . 8 clydesdale bank s newly formed holding company cybg plc began conditional trading on the lse and the australian securities exchange on 3 february and began trading unconditionally from 8 february . 9 references edit yorkshire bank in uk profits boost . yorkshire evening post . 3 november 2006 . retrieved 29 october 2011 . bank to shut down 100 uk branches . bbc online . 11 may 2005 . retrieved 11 august 2011 . clydesdale and yorkshire bank axe 1400 jobs . 30 april 2012 . retrieved 27 june 2012 . derek du preez 31 july 2013 . confirmed clydesdale and yorkshire banks forgot to renew domain name . computerworld uk . retrieved 14 september 2014 . yorkshire bank customers hit by it glitch . financial times . 2 september 2014 . retrieved 2 september 2014 . nab bank flags clydesdale and yorkshire sale in uk exit . bbc news . 30 october 2014 . retrieved 5 november 2014 . slater steve 28 october 2015 . clydesdale could be target or challenger bank consolidator after ipo ceo . reuters . retrieved 4 november 2015 . partington richard ; david ruth 24 november 2014 . national australia said to hire morgan stanley for u.k. unit ipo . bloomberg business . retrieved 14 march 2015 . taverner charlie ; fedor lauren 3 february 2016 . clydesdale bank share price trades above opening offer as conditional trading starts on ipo after 24 hour delay . city a.m. retrieved 7 february 2016 . external links edit official website v t e commercial and retail banks in the united kingdom banking in the united kingdom barclays barclays bank barclays wealth cybg clydesdale bank yorkshire bank hsbc holdings first direct hsbc bank hsbc private bank m & s bank lloyds banking group1 bank of scotland bank of wales birmingham midshires halifax lloyds bank royal bank of scotland group2 adam and company child & co. coutts & co. drummonds bank natwest royal bank of scotland ulster bank santander group cahoot cater allen santander uk wholly state owned national savings and investments post office money uk financial investments uk asset resolution bradford & bingley3 nram3 other airdrie savings bank al rayan bank aldermore allied irish bank gb first trust bank arbuthnot latham & co secure trust bank bank and clients bank of ireland butterfield bank cambridge & counties bank c. hoare & co close brothers group the co operative bank smile danske bank duncan lawrie handelsbanken harrods bank icici bank uk julian hodge bank kingdom bank kleinwort benson metro bank monzo onesavings bank raphaels bank reliance bank n m rothschild & sons sainsbury s bank sg hambros shawbrook bank standard chartered tesco bank triodos bank tsb unity trust bank virgin money big four banks are underlined and private banks are shown in italics 1 10 % owned by ukfi 2 73 % owned by ukfi 3 mortgage assets only retrieved from https en.wikipedia.org w index.php title yorkshire bank & oldid 726208621 categories banks of the united kingdomcompanies based in leedsbanks established in 18591859 establishments in englandclydesdale bankhidden categories use dmy dates from september 2014 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read 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