With its international growth in commercial and industrial clients, including Sir Robert McAlpine & Sons, and their extensive credit requirements it sought investment by a larger consortium.

For the time being the marketing name 'Virgin Money' is used by all the operating divisions of the bank, whose headquarters are at 177 Bothwell Street, Glasgow.

[1] Checkland described the Bank as the creation of "a group of Glasgow businessmen of middling order, liberal radicals…who were active in the government and charities of the city.

"[2] The driving figure behind the formation of the bank was James Lumsden, a stationer by business, a councillor, police commissioner and, later, Lord Provost of Glasgow.

In that year, Clydesdale became the first Scottish bank to produce a printed balance sheet, and it showed assets of £2.7 million and net profits of £70,000.

[1] Much of the growth in the Bank's network had come from acquisitions and the management remained cautious regarding direct branch expansion.

In 1874 the Clydesdale went south of the border and opened three branches in Cumberland but this was seen as following existing trade rather than making a specific attempt to enter the English market.

The Glasgow banks suffered more than others in the depressed economy of the inter-war period and from being the largest lender in Scotland in 1920, it fell to fifth place by 1939.

[3] Midland had also acquired the North of Scotland Bank in 1923 but the Aberdeen management had fiercely resisted any attempt to merge with Clydesdale.

During this period Goodwin earned the nickname "Fred the shred" for his aggressive manner in dealing with staff.

[6] In April 2015 the Clydesdale was fined £20.7 million the largest of its type imposed by the Financial Conduct Authority for the mis-selling of PPI insurance.

Almost one in six employees are expected to lose their jobs in the takeover, which will result in retail customers being migrated to the Virgin Money brand over three years.

[18] In June 2019, CYBG plc announced its plans to consolidate its businesses under the Virgin Money brand.

[20] Clydesdale Bank plc was acquired by Nationwide Building Society on 1 October 2024 with the Virgin Money brand expected to be phased out over the next four years.