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FINANCE | Investment Banking
lloydsbankinggroup.com

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Investments

90

Portfolio Exits

18

Funds

1

Partners & Customers

10

About Lloyds Banking Group

Lloyds Banking Group (NYSE: LYG) is a UK-based financial services group providing a wide range of banking and financial services, focused on personal and commercial customers. The Group's main business activities are retail, commercial and corporate banking, general insurance, and life, pensions, and investment provision.

Lloyds Banking Group Headquarter Location

25 Gresham Street

London, England, EC2V 7HN,

United Kingdom

+44 (0) 20 7626 1500

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Latest Lloyds Banking Group News

Lloyds Bank in Whickham set to close for good in September

May 23, 2022

Lloyds Bank in Whickham set to close for good in September Falling customer use leads to High Street branch becoming one of the latest victims of Lloyds' nationwide cuts programme Sign up to FREE email alerts from our Money Saving Club Newsletter Something went wrong, please try again later.Invalid Email Subscribe We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info Thank you for subscribing!We have more newsletters Show me See our privacy notice Lloyds Bank in Whickham will shut in September, the latest casualty in the bank's national closures programme. The news came as Lloyds Banking Group announced 20 more Lloyds and eight more Halifax branches will close across the UK between August and November this year. The nearest Lloyds branch to Whickham after September will be Wesley Court, in Blaydon , or High Street, Gateshead . The move follows the banking group's closure of 48 branches between January and April this year and the announcement in March that a further 60 branches will close between June and September. Collectively, the three announcements mean customers will lose access to 85 Lloyds Bank branches, 32 Halifax outlets, and 19 Bank of Scotland branches by the end of this year. Whickham branch, on the town's High Street, lost its counter service in 2018. It has no dedicated staff and is managed from a pool across several branches. A review of the branch carried out by Lloyds found that customers were using it less often and instead banking via alternative means such as the Post Office or online. Transactions such as paying in and withdrawing money dropped by 74% since 2017, although the fact that there was no counter service available since 2018 will have a large bearing on the figures. Business customers dropped by 88% in the same period, and cashpoint usage by 43%. The report also found that only 58 customers were using the branch regularly and 81% of customers were already using other branches or phone or online banking. Peter Maughan, councillor for Whickham, said the closure was a shame for lots of reasons, but he understood why Lloyds had made the decision to close the branch. "A bank closure sucks the heart out of the community and gives people more reasons not to use the High Street," he said. "I understand that the way people bank today has changed, but branch closures really affect older people like my mother, who is in her 90s and lives in Whickham. " Gateshead Council was not consulted on the closure at all, which will leave only one bank - Barclays - in Whickham after September. I understand it's a commercial decision by Lloyds but it's a shame and will chip away at the community heart." Lloyds Banking Group isn't alone in axing branches. TSB is closing 70 branches between April and June this year, HSBC will close 69 branches across the UK between July and October, and NatWest Group said it would shut 32 of its NatWest and RBS branches between May and July this year. The local branches affected by these closures announced earlier in the year are: Lloyds: Ponteland (closed February) TSB: Gateshead High Street (closed May) HSBC: Bishop Auckland (due to close 23 August) Halifax: Consett (closed March) Lloyds Banking Group said that customers of all branches set to close will have access to everyday banking and cash, such as via a Post Office, within one mile and have internet access available in the community. But union Unite said 69 workers are affected by the closures nationally and condemned the move as 'inexcusable' Unite national officer Caren Evans said: “The actions of Lloyds Banking Group over the last few months are completely inexcusable. The management is letting down customers and their dedicated workforce. These closures will leave some customers more than 10 miles from their nearest bank branch. This is a betrayal of some of the most vulnerable, elderly and socially excluded in our communities who need local access to community banking.” Read next:

Lloyds Banking Group Investments

90 Investments

Lloyds Banking Group has made 90 investments. Their latest investment was in Thought Machine as part of their Series D - II on May 5, 2022.

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Lloyds Banking Group Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/18/2022

Series D - II

Thought Machine

$106M

No

5

5/6/2022

Loan

AutoSmart International

Yes

1

3/29/2022

Loan

Wates

$117.9M

Yes

1

3/24/2022

Unattributed

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10

3/9/2022

Unattributed

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$99M

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10

Date

5/18/2022

5/6/2022

3/29/2022

3/24/2022

3/9/2022

Round

Series D - II

Loan

Loan

Unattributed

Unattributed

Company

Thought Machine

AutoSmart International

Wates

Subscribe to see more

Subscribe to see more

Amount

$106M

$117.9M

$99M

New?

No

Yes

Yes

Subscribe to see more

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Co-Investors

Sources

5

1

1

10

10

Lloyds Banking Group Portfolio Exits

18 Portfolio Exits

Lloyds Banking Group has 18 portfolio exits. Their latest portfolio exit was Wrights Food Group on December 03, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

12/3/2021

Acquired

5

12/1/2021

Acquired

$99M

3

4/30/2021

Acquired

$99M

1

2/25/2021

Acquired

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$99M

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10

9/16/2020

IPO

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$99M

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10

Date

12/3/2021

12/1/2021

4/30/2021

2/25/2021

9/16/2020

Exit

Acquired

Acquired

Acquired

Acquired

IPO

Companies

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Valuation

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

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Sources

5

3

1

10

10

Lloyds Banking Group Acquisitions

10 Acquisitions

Lloyds Banking Group acquired 10 companies. Their latest acquisition was Embark Group on July 29, 2021.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

7/29/2021

Other

$99M

$16.1M

Acquired

5

9/3/2019

$99M

Acquired Unit

1

10/12/2017

$99M

Acquired Unit

1

12/20/2016

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$99M

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10

4/29/2009

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$99M

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10

Date

7/29/2021

9/3/2019

10/12/2017

12/20/2016

4/29/2009

Investment Stage

Other

Companies

Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$16.1M

Note

Acquired

Acquired Unit

Acquired Unit

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Sources

5

1

1

10

10

Lloyds Banking Group Fund History

1 Fund History

Lloyds Banking Group has 1 fund, including Lloyds Banking Group SME Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/24/2017

Lloyds Banking Group SME Fund

$656.21M

1

Closing Date

10/24/2017

Fund

Lloyds Banking Group SME Fund

Fund Type

Status

Amount

$656.21M

Sources

1

Lloyds Banking Group Partners & Customers

10 Partners and customers

Lloyds Banking Group has 10 strategic partners and customers. Lloyds Banking Group recently partnered with Zoom EV on January 1, 2022.

Date

Type

Business Partner

Country

News Snippet

Sources

1/13/2022

Partner

United Kingdom

1

5/19/2021

Vendor

United Kingdom

Allianz Partners to underwrite Lloyds travel insurance

`` We are very pleased to extend our partnership with Lloyds Banking Group , '' commented Tim Tozer , CEO at Allianz Partners .

1

5/18/2021

Vendor

France

Lloyds picks Allianz Partners as new travel insurance provider

`` Lloyds Banking Group is Britain 's preferred financial partner and Allianz Partners , a provider of market-leading travel insurance solutions and part of Munich-based Allianz Partners , is the Interbrand Best Global Brands report 's number 1 insurance brand globally , '' the partners said in a release .

2

2/23/2021

Vendor

United States

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10

8/12/2020

Distributor

United Kingdom

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10

Date

1/13/2022

5/19/2021

5/18/2021

2/23/2021

8/12/2020

Type

Partner

Vendor

Vendor

Vendor

Distributor

Business Partner

Country

United Kingdom

United Kingdom

France

United States

United Kingdom

News Snippet

Allianz Partners to underwrite Lloyds travel insurance

`` We are very pleased to extend our partnership with Lloyds Banking Group , '' commented Tim Tozer , CEO at Allianz Partners .

Lloyds picks Allianz Partners as new travel insurance provider

`` Lloyds Banking Group is Britain 's preferred financial partner and Allianz Partners , a provider of market-leading travel insurance solutions and part of Munich-based Allianz Partners , is the Interbrand Best Global Brands report 's number 1 insurance brand globally , '' the partners said in a release .

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Sources

1

1

2

10

10

Lloyds Banking Group Team

36 Team Members

Lloyds Banking Group has 36 team members, including current Managing Director, Martin Dodd.

Name

Work History

Title

Status

Martin Dodd

Managing Director

Current

Dr Cary Adams

Chief Operating Officer

Former

Sally Jones-Evans

Welsh Government

Chief Operating Officer, Managing Director

Former

Mario Mazzocchi

Chief Operating Officer

Former

David Stewart

Chief Operating Officer

Former

Name

Martin Dodd

Dr Cary Adams

Sally Jones-Evans

Mario Mazzocchi

David Stewart

Work History

Welsh Government

Title

Managing Director

Chief Operating Officer

Chief Operating Officer, Managing Director

Chief Operating Officer

Chief Operating Officer

Status

Current

Former

Former

Former

Former

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