[1] The bank was founded in a hotel room in Chester by Sydney Alfred Jones as North West Securities in 1945.

[1] In 1958 North West Securities was purchased by the Bank of Scotland as the latter expanded into consumer credit.

North West Securities continued to grow in size, reaching £1.3 billion in assets in 1987 and, with Bank of Scotland exercising greater control, it became a public limited company in 1989.

[10][11] Capital House was retained as offices for Bank of Scotland; when Lloyds acquired HBOS, Capital House was no longer needed owing to Lloyds having offices at Charterhall Drive, Chester.

After vacating the site in 2010, Lloyds sold the former Capital Bank buildings to the University of Chester in 2015.