<P> Cheltenham & Gloucester plc (C&G) was a mortgage and savings provider in the United Kingdom, a subsidiary of Lloyds Banking Group . C&G specialises in mortgages and savings products . Previously, C&G was a building society, the Cheltenham and Gloucester Building Society . Its headquarters were in Barnwood, Gloucester, Gloucestershire, England . C&G was closed to new mortgage and savings business on 9 September 2013 . </P> <P> The branch network of Cheltenham & Gloucester was transferred to the newly established TSB Bank plc in September 2013, as part of a divestment of a significant portion of the Lloyds TSB business by Lloyds Banking Group . C&G branches were rebranded under the TSB brand along with a number of Lloyds TSB branches in England and Wales . Some C&G savings accounts and mortgages were also transferred to the new TSB Bank at that time; others remained with C&G . </P> <P> In April 2017, all remaining mortgage administration was transferred to Lloyds Bank and rebranded and the only remaining products were legacy savings accounts, with the last remaining C&G Fixed Rate Cash ISAs maturing in 2017 . </P> <P> C&G can trace its roots back to the Cheltenham and Gloucestershire Permanent Mutual Benefit Building and Investment Association . Its inaugural meeting, held at the Belle Vue Hotel, Cheltenham took place on 7 August 1850, and the society shortened its name to Cheltenham and Gloucestershire Benefit Building Society . The first President of the society was James Downing, of Cheltenham . Downing believed in a philosophy whereupon it was a citizen's duty to help other citizens and this was a driving force for him in helping the poor to achieve stability through home ownership . Even so, the Society was run rather shrewdly, and upon Downing's death in 1868, it had an annual income of £ 37,000 . </P>

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