The venerable TSB brand could vanish from UK high streets in the wake of Santander’s £2.65 billion deal to buy the Scottish-founded lender, amid fears of further branch closures and job losses.

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The familiar TSB brand could disappear from UK high streets following a £2.65 billion agreement for rival Santander to acquire the lender, a move that has sparked concerns over potential branch ...

The familiar TSB brand could disappear from UK high streets following a £2.65 billion agreement for rival Santander to acquire the lender, a move that has sparked concerns over potential branch ...

July 02, 2025 at 7:55am BST The TSB brand could vanish from UK high streets after rival Santander agreed to buy the lender for £2.65 billion, amid fears the deal could lead to branch closures ...

Banking giant Santander has agreed to buy TSB in a deal worth up to £2.9billion. If approved the deal would see Britain's second largest bank created.

Spain's Sabadell has announced the sale of its UK branch, TSB, to its competitor Santander for a sum of £2.65 billion in cash, outmanoeuvring Barclays which had also placed a formal offer.

As of the end of December, TSB had assets worth £46.1 billion, with loans and advances totalling £36.3 billion and deposits amounting to nearly £35.1 billion.

But the deal is not set in stone just yet Credit: Getty Snapping up TSB would be a big win for Santander, giving it the seventh-largest branch network in Britain and adding five million customers ...

TSB already has a nationwide network of 218 branches and outlets, and a growing digital presence. It serves around five million customers, with £34 billion in mortgages and £35 billion in deposits.

TSB giving customers £310 if they act before midnight While the rewards don't arrive immediately, the headline figure of £310 makes TSB's offer the most attractive on the market at the moment.

To qualify for the £100 switch incentive you must do all of the following between 19 May 2025 and before the switch incentive is withdrawn, apply for a new TSB Spend & Save account or Spend ...