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OBJECTIVES
Profile
TSB is a retail bank operating in the UK and headquartered
in Edinburgh, Scotland.
It initially operating under the name of TSB Group plc, which
was listed on the London Stock Exchange. In 1995 the Group
merged with Lloyds Bank and was renamed Lloyds TSB;
however, it was later divested from Lloyds following a
European Commission ruling following aid granted by the
UK government in January 2009 upon the merger between
Lloyds TSB and HBOS.
The new bank, comprised assets divested from Lloyds
Banking Group (LBG) named TSB Bank, began operating in
2013 with a strong presence in Scotland and the remainder
of Lloyds TSB was renamed Lloyds Bank. On 30 June 2015,
TSB Banking Group was purchased by the Spanish banking
group Sabadell.
TSB’s branch network
Number of branches (freehold) (leasehold)
Cheltenham & Gloucester 13 151
Lloyds TSB (Scotland) 80 105
Lloyds TSB (England and 67 215
Wales)
Total 160 471
