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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.
In 1989, TSB England and Wales officially became TSB Bank, with TSB Bank Scotland and TSB Bank Northern Ireland becoming its subsidiary undertakings. The Northern Irish business was sold to Allied Irish Banks in 1991 (trading as First Trust Bank until 2019) and the Channel Islands business was integrated into TSB Bank in 1992.
Crosbie started her career in the Prudential graduate training programme, working in the City of London. [3] In 1997, she joined Clydesdale Bank as a project manager, rising to chief operating officer (COO) in January 2015. [2] [3] In November 2018, TSB Bank announced Crosbie as its new CEO, to succeed Paul Pester in May 2019. [5] [6]
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]
Lloyds Banking Group plc is a British financial institution formed through the acquisition of HBOS by Lloyds TSB in 2009. It is one of the UK's largest financial services organisations, with 30 million customers and 65,000 employees. [4]
In January 2014 the bank "stunned the City" by announcing his resignation, albeit this did come after a period of high losses, a rights issue and a cancelled dividend for the bank [5] He said it was "totally my decision to leave". [5] In February 2018, Meddings succeeded Will Samuel as chairman of TSB Bank. [6]
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