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TSB returns to High Street
11:00am Thursday 19th September 2013 in News
A BANKING name that used to employ more than 1,000 people in offices in Andover has come back to life in its High Street.
The new TSB Bank has 4.6 million customers and more than £20 billion of loans and customer deposits.
The creation of the new TSB Bank by Lloyds Banking Group follows a ruling by the European Commission and the UK Government in November 2009 aimed at bringing more competition to the UK banking market.
The return of the oncefamiliar name represents one of the biggest changes ever seen in UK banking.
As well as Andover there are 11 other branches in Hampshire.
Paul Pester, TSB’s chief executive, said: “TSB bucks the trend in banking.
“We look forward to bringing local banking back to Hampshire and serving local communities in the area.
“And let’s not forget where we come from.
“The TSB movement was originally created over 200 years ago when the Rev Henry Duncan established the first savings bank in Scotland.
“Its sole purpose then was to serve the local people in the community.
“This is exactly what we’re doing again today as we bring the new TSB Bank back to Hampshire, to fuel local economies – and nothing else.”
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