Sabadell has reached an agreement to sell TSB to Santander Group

1st July 2025

Banco Sabadell have announced that an agreement has been reached to sell TSB to Santander Group.

The market announcement from Sabadell is available here.

Marc Armengol, TSB CEO, said:

“TSB is a truly special bank, run by a first-class team that deliver trusted service and support for customers, day in and day out. Today’s announcement represents the next exciting chapter for this successful business, as part of Santander Group, a highly regarded banking group. I believe this will prove to be an excellent fit for our loyal customers.”

The information contained in this press release is intended solely for journalists and should not be used by consumers to make financial decisions.

TSB Bank plc. Registered office: Henry Duncan House, 120 George Street, Edinburgh EH2 4LH. Registered in Scotland, no. SC95237.
Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 191240.

TSB Bank plc is covered by the Financial Services Compensation Scheme and the Financial Ombudsman Service.

Calls may be monitored and recorded in case we need to check we have carried out your instructions correctly and to help us improve our quality of service. Not all telephone banking services are available 24/7.

Together we can end domestic abuse.