Not to be confused with Yorkshire Building Society.
Yorkshire Bank
The headquarters of Yorkshire Bank on Merrion Way, Leeds
Company type
Trading name
Industry
Banking, Financial services
Founded
1 May 1859; 165 years ago (1 May 1859) Halifax, West Yorkshire
Founder
Edward Akroyd
Fate
Purchased By Virgin Money UK plc
Headquarters
Leeds, England, UK
Key people
James Pettigrew (Chairman) David Duffy (Chief Executive Officer)
Services
Retail banking SME banking
Revenue
See Parent company
Operating income
See Parent company
Net income
See Parent company
Total assets
See Parent company
Number of employees
See Parent company
Parent
Clydesdale Bank plc
Website
ybonline.co.uk
Yorkshire Bank is a trading name used by Clydesdale Bank plc for its retail banking operations in England.
The Yorkshire Bank was founded in 1859 as the West Riding of Yorkshire Provident Society and Penny Savings Society but the Provident Society was soon abandoned and the Bank then traded as the West Riding of Yorkshire Penny Savings Bank. After further abbreviations, its present name was adopted in 1959.
The Bank's model was unique in that it directly owned an extensive network of penny banks, remitting funds into a Central Office. By the late nineteenth century, it was larger than any of the Trustee Savings Banks. However, the Bank faced a potential withdrawal of savings in 1911 and was acquired by a consortium of clearing banks.
The Bank was acquired by National Australia Bank (NAB) in 1990 and was merged into another NAB subsidiary, Clydesdale Bank in 2005, continuing to operate as a distinct trading division. In 2016 NAB divested its UK operations as CYBG plc which went on to acquire Virgin Money plc in 2018. The Yorkshire Bank name has been phased out with all branches now under the Virgin Money brand.
YorkshireBank is a trading name used by Clydesdale Bank plc for its retail banking operations in England. The YorkshireBank was founded in 1859 as the...
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