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TSB Bank plc is a British retail and commercial bank based in Edinburgh, Scotland. It has been a subsidiary of Sabadell Group since 2015. As of 2022, TSB Bank operates a network of 220 branches. [1] TSB was launched on 9 September 2013.
The newly formed TSB Group's retail banking operations were consolidated into TSB England and Wales, TSB Scotland, TSB Northern Ireland and TSB Channel Islands, each trading as TSB Bank. In 1989, TSB England and Wales officially became TSB Bank, with TSB Bank Scotland and TSB Bank Northern Ireland becoming its subsidiary undertakings.
A trustee savings bank is a type of financial institution. In the United Kingdom: Trustee Savings Bank, a bank in the United Kingdom that merged with Lloyds Bank in 1995 to form Lloyds TSB; Lloyds TSB, the name used by Lloyds Bank in the United Kingdom from 1999 to 2013
The Trustee Savings Banks Association was a British association that aimed to work on behalf of the trustee savings banks (TSBs) in the United Kingdom. It was established in Manchester in 1887.
In May 2011, Pester was appointed as the CEO of Project Verde and tasked with moulding a group of 632 bank branches Lloyds was being forced to divest by the European Commission as a penalty for receiving State Aid from the UK Government during the 2008 banking crisis, into a new bank. The new bank was eventually named TSB. [8] [9] Pester was ...
The inter-war years saw the bank expand outside Liverpool into a regional bank, represented across the north-west. [1] [2] The TSB Year Book recorded Liverpool Savings Bank as the country's fifth largest saving bank with 118,000 active accounts and £9.3 million of funds; [6] by the end of the Second World War, it was the seventh largest. The ...
Lloyds Banking Group confirmed that the rebranding to TSB would still take place. [23] The new TSB Bank was launched on 9 September 2013 and all Cheltenham & Gloucester branches were rebranded TSB on this date. The new bank was divested from Lloyds Banking Group in 2014 through a stock market flotation, and was acquired by Sabadell Group in ...
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