former type public limited company industry financial services fate acquired by hsbc holdings successor hsbc bank plc founded birmingham in 1836 defunct 1999 headquarters 27 poultry london ec2 products banking and insurance parent hsbc holdings plc website www.midlandbank.co.uk archive midland bank plc was one of the big four banking groups in the united kingdom for most of the 20th century . it is now part of hsbc . the bank was founded as the birmingham and midland bank in union street birmingham england in august 1836 . it expanded in the midlands absorbing many local banks and merged with the central bank of london ltd. in 1891 becoming the london city and midland bank . after a period of nationwide expansion including the acquisition of many smaller banks the name midland bank ltd was adopted in 1923 . by 1934 it was the largest deposit bank in the world . it was listed on the london stock exchange and was once a constituent of the ftse 100 index but in 1992 it was taken over by hsbc holdings plc who phased out the midland bank name in 1999 in favour of hsbc bank . on 10 june 2015 hsbc announced that it would be rebranding its uk branches . hsbc chairman douglas flint described the midland brand as odds on favourite for a return to the high street . 1 in september 2015 it was announced that the midland bank name would not be revived and the uk branch network would be branded hsbc uk . 2 contents 1 history 1.1 early history 1.2 acquisitions and development in its first 50 years 1.3 post war recovery and international alliances 1.4 midland joins the hsbc group 2 branding 3 references 4 external links history edit early history edit former threadneedle street head office of the city bank which became london city & midland bank the lutyens designed midland bank head office building london . the lutyens designed 100 king street manchester . midland bank was founded by charles geach its first manager in union street birmingham england in august 1836 . geach had formerly worked at the bank of england ; he secured the business support and capital backing of leading merchants and manufacturers in birmingham . 3 1967 letter to a customer informing on the introduction of electronic data processing in the 1830s and 1840s midland occupied an important niche in birmingham business particularly in the discounting of bills of exchange for its customers . links with local industrial and commercial concerns were especially strong and by the 1850s the bank s customers included railways iron founders and engineering concerns utilities and municipal corporations . 3 midland acquired stourbridge old bank in 1851 and nichols baker and crane of bewdley in 1862 . both firms had been pioneers of banking in the west midlands the origins of the stourbridge bank can be traced back to 1762 and the bewdley bank dated from 1777 . 3 acquisitions and development in its first 50 years edit from the 1880s it expanded its customer base by opening new branches and acquiring other banks . in 1891 it acquired the central bank of london which gave midland a seat in the london clearing house and in 1898 it bought the city bank which provided a london head office . 3 by 1918 with deposits of 335 million it ranked as the largest bank in the world . edward hopkinson holden led the bank at this time first as managing director from 1898 to 1908 and then as chairman and managing director from 1908 until his death in 1919 . he oversaw more than 20 bank amalgamations between 1891 and 1918 and opened new branches throughout england and wales . 3 holden also expanded overseas ; it was the first british bank to set up a foreign exchange department and by 1919 it was acting as london bank to some 650 correspondent banks throughout the world . from 1907 these correspondents included the hongkong and shanghai banking corporation . 3 after the first world war the leading british banks entered an agreement with the government that they would not attempt further amalgamations without treasury approval . as a result midland turned its attention to expanding its branch network adding new banking services mechanising its systems from 1928 and advertising its activities . 3 post war recovery and international alliances edit midland responded to the ending of credit restrictions in 1958 by extending its branch network and by introducing a series of innovative services including personal loans 1958 personal cheque accounts 1958 and cheque cards 1966 . 3 in 1958 it acquired forward trust which became a leader in installment finance leasing and factoring services . 3 in 1967 midland acquired a share in montagu trust the owner of samuel montagu & co. and thereby became the first british clearing bank to own a london merchant bank . samuel montagu with its own history dating back to 1853 became a wholly owned subsidiary in 1974 and is now part of hsbc s private banking business . 3 through the acquisition of samuel montagu & co midland also gained a majority share in guyerzeller bank ag now hsbc guyerzeller bank in switzerland . 3 further diversification followed in 1972 when midland was the leading member of the consortium that acquired the thomas cook travel business . after becoming sole owner in 1977 midland sold its interest in 1992 . 3 in 1974 midland started to open branches or representative offices in overseas countries and to acquire other international banks . the largest of these was the purchase of a majority share in crocker national of california united states this was not a success and midland was forced to take full ownership in 1985 so that it could sell it to wells fargo the following year . 3 in 1980 midland acquired a controlling interest in trinkaus & burkhardt kgaa a private bank in germany with a long history of its own today hsbc trinkaus . midland joins the hsbc group edit the hongkong and shanghai banking corporation acquired a 14.9 % equity interest in midland bank in 1987 and a strong working relationship developed . in 1989 first direct was established and was at the forefront of telephone banking with person to person service available 24 hours a day 365 days a year . 3 in 1992 hsbc holdings plc acquired full ownership of midland bank . at the time it was one of the largest acquisitions in banking history and gave hsbc a major foothold in europe which it needed to complement its existing business in asia and the americas when it had to move its hong kong based headquarters to london on 1 january 1993 accepting primary banking supervision by the bank of england . midland bank was renamed hsbc bank in 1999 as part of the adoption of the hsbc brand throughout the group . 3 the last head office of the midland bank opposite the bank of england in poultry and princes street was sold in 2006 to a russian tycoon with hsbc vacating the banking hall on the ground floor and huge underground deposit vaults in 2007 . the ground floor is now used in the channel 4 game show the bank job . the architect john alfred gotch designed the building . with assistance from edwin landseer lutyens . built between 1921 and 1939 and symbol of the 1930s pride of the biggest bank in the world the building is currently 2015 under development as a hotel . 4 hsbc uk swift code all uk offices being midlgb22 reflects its midland bank past . 5 branding edit the midland bank was famous for its golden griffin logo surrounded by golden coins originally introduced in 1965 on a black then later blue background and for its slogan the listening bank written by the advertising executive rod allen . advertisements for the bank appeared in the popular theme park computer game . the midland bank still traded as midland bank but using the hsbc logo from 1997 and was finally rebranded as hsbc bank in 1999 as part of the adoption of the hsbc brand throughout the group . however a dormant subsidiary midland bank branch nominees limited continues to be registered at companies house . 6 references edit wikimedia commons has media related to midland bank . http www.telegraph.co.uk finance newsbysector banksandfinance 11669980 is this the new name for hsbc chairman says former brand midland is odds on favourite.html http www.birminghammail.co.uk news midlands news no return midland bank name 9983025 a b c d e f g h i j k l m n o hsbc group in europe russian tycoon buys former midland hq http www.bank codes.com hsbc bank plc swift code midlgb22xxx bic code no. 239325 incorporated 6 may 1929 external links edit archived website conceptual rebrand graphic v t e hsbc board of directors douglas flint group chairman stuart gulliver group ceo iain mackay group finance director marc moses group chief risk officer phillip ameen kathleen l. casey safra a. catz laura cha lord evans of weardale joachim faber rona fairhead sam laidlaw john lipsky rachel lomax heidi miller sir simon robertson jonathan symonds brands first direct hang seng bank hsbc hsbc expat hsbc premier hsbc private bank hsbc trinkaus m & s money proa sabb principal local banks argentina australia canada people s republic of china egypt france germany hong kong india malaysia middle east mexico panama poland saudi arabia sri lanka taiwan turkey united kingdom united states minority stakes and joint ventures bank of communications 19 % hsbc saudi arabia 60 % sabb 40 % ping an insurance 19.9 % techcombank 15 % bank of shanghai 8 % predecessor companies grupo banistmo bank of british columbia barclays bank canada beneficial continental bank of canada cr dit commercial de france greenwich savings bank guyerzeller household imperial bank of persia lloyds bank canada marine midland bank midland bank republic new york samuel montagu & co. williamsburgh savings bank former susbsidiaries hsbc bank brazil category commons wikiversity retrieved from https en.wikipedia.org w index.php title midland bank & oldid 735788906 categories 1836 establishments in england1999 disestablishments in englandbanks established in 1836banks disestablished in 1999defunct companies based in birmingham west midlandscompanies formerly listed on the london stock exchangedefunct banks of the united kingdomhistory of birmingham west midlandshsbc acquisitionshidden categories commons category with page title same as on wikidata navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version in other projects wikimedia commons languages deutschfran aisitaliano edit links this page was last modified on 23 august 2016 at 03 24 . text is available under the creative commons attribution sharealike license ; 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