National Commercial Bank of Scotland

Defunct Scottish commercial bank that was merged into the Royal Bank of Scotland

For other uses, see National Commercial Bank Limited.

The National Commercial Bank of Scotland Ltd. was a Scottish commercial bank. It was established in 1959 through a merger of the National Bank of Scotland (established in 1825) with the Commercial Bank of Scotland (established in 1810). Ten years later it merged with the Royal Bank of Scotland, to become the largest clearing bank in Scotland. The National Commercial Bank issued its own banknotes.

At its foundation, the National Commercial Bank of Scotland had assets of around £300 million, and had 476 branches in Scotland and England. A joint venture with asset management company Schroders in 1964 saw the launch of a Scottish merchant banking service. The bank acquired the 36 English and Welsh branches of The National Bank Ltd., when the Irish operations of that institution were bought by the Bank of Ireland in 1966. The National Commercial Bank also established a "ladies branch" for female customers, staffed entirely by women.[1]

By 1969 economic conditions were becoming more difficult for the banking sector. In response, the National Commercial Bank merged with the Royal Bank of Scotland.[1] The resulting company had 662 branches. The merger resulted in a new holding company, National & Commercial Banking Group Ltd. The English and Welsh branches were reorganised as Williams & Glyn's Bank, while the Scottish branches transferred to the Royal Bank name. The holding company was renamed Royal Bank of Scotland Group in 1979[2] and NatWest Group in 2020.[3]

## References[edit]

* Banks portal

1. ^ a b "National Commercial Bank of Scotland Ltd, Edinburgh, 1959-69". RBS Heritage Online. The Royal Bank of Scotland Group plc. Retrieved 16 April 2010.
2. ^ "The Royal Bank of Scotland plc, Edinburgh, 1727-date". RBS Heritage Online. The Royal Bank of Scotland Group plc. Retrieved 16 April 2010.
3. ^ "Change of Name - 14:00:05 22 Jul 2020 - RBS News article | London Stock Exchange". www.londonstockexchange.com.

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NatWest Group

Retail banking|

* NatWest Holdings
* National Westminster Bank
* Royal Bank of Scotland
* Ulster Bank
* Holt's Military Banking
* RBS International
* Isle of Man Bank

Private banking|

* Coutts & Co.
* Messrs. Drummond

Investment banking|

* NatWest Markets

Asset finance|

* Lombard North Central

Former businesses|

| NatWest|

* Banco NatWest España
* Bó
* Deutsche Westminster Bank
* District Bank
* Fuller, Banbury, Nix & Co
* Grindlays Bank
* International Westminster Bank
* Lloyds & National Provincial Foreign Bank
* Lombard Bank
* National Provincial Bank
* National Westminster Bank of Canada
* National Westminster Bank USA
* NatWest Equity Partners
* Parr's Bank
* Smith's Bank
* Westminster Bank
* Worldpay

|

RBS|

* Adam and Company
* Angel Trains
* A Ruffer & Sons
* Child & Co.
* Citizens Financial Group
* Commercial Bank of Scotland
* Direct Line Group
* Direct Line
* Churchill Insurance
* Green Flag
* Privilege
* Glyn, Mills & Co.
* Jamjarcars
* National Bank of Scotland
* National Commercial Bank of Scotland
* Tesco Personal Finance
* The One account
* Williams & Glyn
* Williams & Glyn's Bank
* Williams Deacon's Bank

Board of directors|

* Sir Howard Davies (Chairman)
* vacant (Chief Executive)

Trade union|

* NatWest Staff Association

* Annual group revenue: £19.7 billion GBP (2013)
* Employees: 118,600
* Stock symbol: LSE: NWG
* Website: www.natwestgroup.com

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