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Home > Scottish > Clydesdale Banks - >
The bank was founded in Glasgow in 1838 and expanded rapidly during the 19th century by absorbing a number of other Scottish banks the Greenock Union Bank, Edinburgh and Glasgow Bank and the Eastern Bank of Scotland. In 1919 ownership of the bank passed to the Midland Bank who also purchased the North of Scotland Bank ltd, but it was not until 1950 that the 2 banks merged to form the Clydesdale and North Bank of Scotland Ltd. In 1987 the Clydesdale Bank was sold by the Midland Bank to the National Australia Bank, and it remains as 1 of the 3 issuers of paper money in Scotland today.
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