Clydesdale Bank plc is a commercial bank based in Scotland, offering a wide range of financial products from high interest current accounts to mortgages and personal loans.
The smallest of the three Scottish banks (RBS, Bank of Scotland and Clydesdale) like the other Scottish banks, it retains the right to issue its own banknotes, bringing out the UK’s first plastic bank note in 2015.
It was founded in Glasgow in 1838, by local businessmen and philanphropists as a local bank for Glaswegians, but expanded until it was bought in 1920 by the Midland bank. It was sold again in 1987 to its current owners National Australia Bank (NAB).
NAB also own Yorkshire Bank, and operates this as a sub-division of Clydesdale Bank.
As of 2015 National Australia Bank is considering publicly listing the Yorkshire and Clydesdale Banks.