TSB returns to Bury St Edmunds

TSB in Guildhall Street
TSB in Guildhall Street
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One of the biggest changes in UK banking has seen the reemergence of the TSB to high streets this week.

Lloyds and TSB, which merged 18-years ago, have effectively been split by owners Lloyds Banking Group.

The splitting of the banks follows a ruling by the European Commission and the Government in 2009, aimed at bringing more competition to the UK banking market.

TSB, set up in a divested branch network with more than 4.6 milllion customers and £20 billion of loans, opened a new bank in Guildhall Street, Bury St Edmunds.

Paul Pester, TSB chief executive, said: “The TSB movement was originally created over 200 years ago .

“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 Suffolk, to fuel local economies – and nothing else.”