 | Bank of Scotand
Scotland’s oldest bank, the Bank of Scotland was founded in 1695. During its long life the Bank of Scotland has absorbed the Central Bank of Scotland 1966, the Caledonian Banking Co. Ltd 1907, the Union Bank of Scotland Ltd 1955, the British Linen Bank 1971. Elements of the designs of the notes of these 2 latter banks that can be seen in the contemporary notes of the bank |
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 | British Linen Bank
The bank was formerly know as the British Linen company, the bank was incorporated in 1746 during the reign of George II. The round seal with the figure of Pallas was adopted as the Company’s emblem from the outer, and appears on the most of the banknotes. In 1906 the name was changed to The British Linen Bank, and the first notes with the new title are dated 1907. The British Linen Bank was merged with the Bank of Scotland in 1970 |
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 | 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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 | Commercial Bank of Scotland Limited
Founded in 1810 as The Commercial Banking Company of Scotland, the Bank developed during the 19th Century the largest branch system in Scotland. The name was changed to the Commercial Bank of Scotland limited in 1982 by which time the bank had assorted the Caithness bank and the Arbroath Banking Company. In 1959 it amalgamated with the National bank of Scotland Ltd. to form the National commercial bank of Scotland Limited.
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 | National Bank of Scotland Limited
Founded in 1825 and rapidly developed a branch system throughout Scotland. It absorbed the Commercial Banking of Aberdeen in 1833 and the Perth Union banking in 1836. The title of the bank was changed to the National Bank of Scotland Limited in 1812 in 1959 it merged with the Commercial bank of Scotland ltd. To form the National Commercial Bank of Scotland Limited. |
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 | National Commercial Bank of Scotland Limited
The bank was formed in 1959 as the result of a merger between the commercial Bank of Scotland Ltd. and the National bank of Scotland ltd. It was the largest bank in Scotland at the time. Its lifespan however limited as in 1970 it was merged with the Royal Bank of Scotland it form the Royal Bank of Scotland Limited. |
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 | North of Scotland
The bank was founded in Aberdeen in 1836. In 1907 the bank merged with the Town & County Bank Limited, and from 1910 issued notes under the heading The North of Scotland & town & County Bank Limited. In 1923 the name reverted to The North of Scotland Bank Ltd. which remains until 1950 when the bank merged with the Clydesdale Bank Ltd. to form The Clydesdale & North of Scotland Bank limited.
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 | Royal Bank of Scotland
The bank was founded in 1927 and immediately competed strongly with the already well established Bank of Scotland. It took over Dundee Banking Company in 1864, and then in the 1920’s and 1930’s acquired several English Banks namely Drummonds bank in 1924, Williams deacons Bank as well as the Western Branch of the Bank of England in 1930, and Glyn mills 7 Co in 1939 More recently it merged with the National Commercial Bank of Scotland ltd. in 1969 when it became The Royal Bank Of Scotland Limited. |
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 | Union Bank of Scotland Limited
The title of The Union bank of Scotland was adopted by the former Glasgow Union Banking Company in 1843. In 1905 the contract for printing the Bank’s notes was secured by Waterlow & Sons Limited, earlier notes had been printed by Perkins Bacon. The banknotes of the Union Bank of Scotland changed relatively little over the years with the most significant design change coming in 1949 just six years before the Bank was absorbed by the Bank of Scotland. |
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