![]() ![]() ![]() Lloyds Bank was delisted from the London Stock Exchange and TSB Group was renamed Lloyds TSB Group in 1995, with former Lloyds Bank shareholders owning a 70% equity interest in the share capital, effected through a scheme of arrangement. The merger was structured as a reverse takeover by TSB. The TSB name was previously used by the Trustee Savings Bank prior to its merger with Lloyds Bank in 1995, resulting in the formation of Lloyds TSB in 1999. In 2015, it was acquired by Spain's Banco Sabadell. Post-divestment, TSB offered an initial public offering and was listed on the London Stock Exchange in June 2014. The bank was formed from the existing business of Lloyds TSB Scotland plc, into which a number of Lloyds TSB branches in England and Wales and all branches of Cheltenham & Gloucester were transferred, and renamed TSB Bank plc.Ī European Commission ruling that the British government's 2009 purchase of a 43% stake in Lloyds Banking Group counted as state aid made it necessary for Lloyds Banking Group to sell a portion of its business TSB was divested. Its headquarters are located in Edinburgh and it has more than 5.0 million customers with over £37 billion of lending and £36 billion of customer deposits. ![]() TSB in its present form launched on 9 September 2013. TSB Bank operates a network of 220 branches across England, Scotland and Wales but has not had a presence in Northern Ireland since 1991. TSB Bank plc is a retail and commercial bank in the United Kingdom and a subsidiary of Sabadell Group. ![]()
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