Lender Information Originally, Halifax began as a building society in 1853. The bank was named after the town of Halifax in Yorkshire where it was established and had the intention of benefitting the local, working people – as was the purpose of all early building societies. By 1913, Halifax became the largest building society in the UK. Halifax became a public limited company (Plc) when it was demutualised in 1997. It is currently owned by Lloyds Banking Group and operates as a trading division of Bank of Scotland.