An important announcement for TSB’s customers, from its owners, Sabadell.
Having owned TSB for ten years, Sabadell have confirmed today that they have accepted an offer from Santander to buy TSB. The deal still needs to be approved by Sabadell shareholders, as well as by regulators.
The process for completing this deal is expected to take several months. TSB will continue to share details throughout the process and update customers on the expected timings.
Meanwhile, it is very much business as usual for TSB customers while this process takes place.
TSB continues to operate as a full-service bank, and their focus remains on supporting customers. If you are a current customer of TSB, no action is required by you as a result of this announcement.
