This movement began in 1917, and the principal events are here listed in order:
The London County and Westminster acquired the bulk of the capital of the Ulster Bank.
The London City and Midland acquired the share capital of the Belfast Banking Company, Ltd.
The Anglo-South American Bank obtained 90% of the capital of the Commercial Bank of South America.
Provisional agreements were made and final arrangements completed for the following amalgamations:
The London County and Westminster united with Parr's Bank; the resulting institution is known as the London County Westminster and Parr's Bank,1 and is one of the "Big Five."
The National and Provincial Bank united with the Union of London and Smiths Bank; the merger is called the National Provincial and Union Bank, and is one of the "Big Five."
The London and Provincial Bank and the London and South Western Bank united as the London Provincial and South Western Bank, Ltd. (This was itself absorbed a little later by Barclays.)
Three great amalgamations occurred in this year:
Lloyds Bank, and the Capital and County Bank united under the name of Lloyds Bank, Ltd. This is one of the "Big Five."
The London County and Midland united with the London Joint Stock Bank. The merger took the name of the London Joint City and Midland Bank. This is one of the "Big Five", and the largest of all British banks.
Barclays Bank and the London Provincial and South Western Bank merged as Barclays Bank, Ltd. This is one of the "Big Five".