Lloyds Bank’s RABI donation

LLOYDS Bank celebrated its 250th anniversary this year at the Royal Welsh Show, highlighting its unique Welsh heritage and the story of the Black Ox. An £8,000 cheque – funds raised by Lloyds Bank staff – was also presented to the Royal Agricultural Benevolent Institution in Wales. The bank’s stand at the show also hosted a display about the original Banc yr Eidon Du – or Bank of the Black Ox – formed in 1799 and became part of Lloyds Bank in the early 1900s. Originally created to help drovers avoid theft when they took local farmers’ hardy Welsh Black cattle to London every year to sell at the most profitable markets, Banc yr Eidion Du, named after these cattle, issued its own banknotes in line with common practice at that time. Even though it was absorbed into Lloyds Bank in 1909, cheques from many of the bank’s branches also continued to show a picture of a black ox for a further 20 years.

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