Sampson Lloyd (II)
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Lloyd and Taylor Beehive Logo - representing industry and thrift
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100 years after Inception of Taylor and Lloyd Bank - it was converted into a joint-stock company.
First balance sheet 1865
Sampson Lloyd’s father (Sampson I), fled Wales for Birmingham at the end of the 17th century, to escape persecution for his Quaker beliefs. Sampson II, also a prominent Quaker, followed his father into the iron trade.
Sampson Lloyd of Birmingham; well known in the city as a prosperous iron merchant he decided to venture into banking in his sixty-sixth year when, in 1765, in partnership with an equally prosperous maker of buttons and japanned ware, John Taylor, he launched Birmingham's first bank, under the title of Taylors & Lloyds, at No. 7, Dale End. Each man brought a son into partnership; the capital was £6,000 in four equal shares; six years later, when the first division of profits took place, a sum of £10,000 was found to be available for that purpose.
Taylors & Lloyds was the first bank in Birmingham.
In 1765, the men concentrated entirely on the bank. For the first 100 years, this prospered from a single Birmingham office before it became a joint-stock company.
History of the Taylor & Lloyds Bank - Devised and written by T. R. Gilbert and J. B. Boothroyd as a supplement to " The Dark Horse ", Lloyds Bank Staff Magazine, June, 1951
https://www.gla.ac.uk/media/Media_399822_smxx.pdf
On the 28th of April 1742 Sampson Lloyd purchased the property called "The Farm," consisting of fifty-six acres with a farmhouse and out- buildings.
discovery.nationalarchives.gov.uk/details/r/334904dc-d9a7-4db3-9691-f9bb4719f2bd
Title:Articles of agreement between Sampson Lloyd of Birmingham, ironmonger, and Richard Parke's of Birmingham, ironmonger, for a settlement upon the marriage of the said Sampson Lloyd and Sarah Parkes, daughter of the said Richard Parkes.
Date:15 May 1728
