Northern Bank Limited, Which Trades Under The Name Danske Bank, Is A Retail Bank In Northern Ireland. Northern Bank Limited Consists Of A Private Bank That Signed A Deed Of Partnership On 1 August 1824. It Is One Of The Oldest Banks In Ireland With A Private Banking History Dating Back To 1809 And Is Part Of One Of The Four Largest Banks In Ireland. Northern Bank Adopted The Name Of Its Parent Company, Danske Bank, As Its Trading Name In November 2012. It Is A Leading Bank In Northern Ireland And A Growing Bank In The UK. In Northern Ireland, Banks Issue Their Own Banknotes.
Danske Bank Is An Independent Business Unit Of The Danske Banking Group, Operating Under A British Banking Licence.
History
The Mohir Branch, Circa 1905.
In 1809 A Private Northern Bank Was Formed In Belfast, Then Known As The Northern Banking Partnership. These Partners Were Belfast Merchants John Hamilton, Hugh Montgomery, James Orr And John Sloan. On 1 August 1824 It Became A Joint-stock Bank Called The Northern Banking Company Limited. The Bank Expanded Throughout Ireland, Opening Its First Branch In The South In 1840.
On 1 January 1929, The Bank Name Was Changed From Northern Banking Company Limited To Northern Bank Limited. In 1965, Northern Bank Limited Was Acquired By Midland Bank, A London-based Bank Which Acquired Belfast Bank In 1917. In 1970, Midland's Two Northern Ireland Subsidiaries Merged And The Combined Bank Name Continued As Northern Bank Limited. Under Midland's Ownership, Northern Bank Shared The Brand And Griffin Logo Of Its Parent Company.
In 1986 Wachovia Restructured Its Operations In The UK And Ireland. As Part Of This Process, It Separated Its Northern Bank Branch In The Republic Of Ireland And Transferred It To A Newly Formed Company Called Northern Bank (Ireland) Limited.
Acquired By National Australia Bank
After 1988, Northern Bank's Brand Was Changed To The Hexagonal "N" Logo, As Shown By This Branch In Omagh.
As A Result Of Its Acquisition Of Croke National Bank In The US In 1981, Midland Bank Was In Serious Financial Difficulties And Was Forced To Divest Assets To Restore Stability. In 1988, Midland Sold Its Subsidiaries, Namely Clydesdale Bank Of Scotland, Northern Bank Limited And Northern Bank (Ireland) Limited, All Of Which Were Acquired By National Australia Bank. Thereafter, Northern Bank (Ireland) Limited Was Renamed National Bank Of Ireland. The Northern Bank Brand Name Continued To Exist In Northern Ireland, But A New Logo, A Stylized "N" With A Hexagon, Was Introduced. In 2002, The Bank's Logo (the Word "Northern") Was Changed To Match That Of National Australia Bank.
Acquired By Danske Bank
In December 2004, Denmark-based Danske Bank Group Agreed To Acquire Northern Bank And National Bank Of Ireland For £967m. The Sale Of These Two Banks Marked The Exit Of National Australia Bank From The Irish Banking Market. Don Price Continued As CEO But Was Later Replaced By Gerry Mallon In June 2008. The Acquisition Was Completed In 2005 And Danske Bank Invested Around £100m In Northern Bank. As Part Of This Process, National Bank Of Ireland Was Spun Off From Northern Bank And Equipped With Its Own Professional Management Team. Northern And National Irish Bank Also Migrated To Danske Bank's Technology Platform And Set Up A Centralized Contact Center To Handle All Incoming Calls To Branches Of Both Banks. From April 2006, Both Banks Also Adopted A New Corporate Identity Based On A Variant Of The Danske Bank Logo.
On June 1, 2012, The Brand Separation Between Northern Bank And National Irish Bank Was Also Reversed, With The Two Banks Merging Under The Northern Bank Management Team. On November 19, 2012, The Bank Officially Dropped Its Northern Bank Name And Began Trading Under The Name Danske Bank. The First Danish Brand Was Unveiled With New Signage At The Company's Headquarters In Donegall Square. Since The Rebranding, Cheques And Notes Issued By The Bank Bear The Words "Danske Bank Is The Trade Name Of Northern Bank Limited". Northern Bank Continues To Issue Sterling Notes In Northern Ireland Under The Name Of Danske Bank, And Notes Issued Since 2013 Now Bear The Danske Bank Brand.
In 2008, Northern Bank Launched A £3m Investment Programme To Upgrade The Facilities Of Its Three Northern Ireland Branches.
Organizational Structure And Leadership
As Of September 2021, Vicky Davies Is The Chief Executive Officer Of Danske Bank In The UK. The Bank Is Divided Into Three Business Units.
Shaun McAnee Is The Managing Director Of Corporate And Commercial Banking. Aisling Press Is The Managing Director Of Personal Banking. Richard Caldwell Is The Managing Director Of The UK.
Stephen Matchett Is The Deputy Chief Executive Officer And Chief Financial Officer.
