<P> In 1919, Lloyds Bank acquired a small interest in NBNZ . There was a steady substantial drain of New Zealand shareholdings to the National Bank of New Zealand overseas share register throughout the 1950s and early 1960s This situation continued until 1966, when Lloyds Bank purchased NBNZ outright . In 1967 National Bank and the Bank of New Zealand established joint data processing services operated by Databank Systems Limited . The other trading banks joined the now proven computer system and ownership of Databank the following year . </P> <P> NBNZ tentatively dipped a toe into foreign waters in 1969 when it NBNZ established a branch in Rarotonga, Cook Islands . This foray ended in 1986 when NBNZ sold its banking license in Rarotonga to European Pacific Banking Co . </P> <P> In 1978 NBNZ moved its head office from London to Wellington . At that time the Black Horse became the symbol of NBNZ . The National Bank's distinctive Black Horse logo dates back to 1677 London when Humphrey Stockes adopted it as sign for his shop . Stokes was a goldsmith and' keeper of the running cashes', an early term for banker . When Lloyds Bank took over the site in 1884 it retained the horse as its symbol . </P> <P> In 1987 NBNZ acquired Southpac Investment Management Limited . Five years later, NBNZ purchased The Rural Bank Limited, the former New Zealand Government owned bank, from Fletcher Challenge . NBNZ continued consolidating banking in NZ when in 1998, NBNZ purchased Countrywide Banking Corporation from Bank of Scotland . </P>

Why is the lloyds bank logo a black horse
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