• €25m investment will bring permanent tsb to 25 former Ulster Bank branches from January 2023
  • 30% increase in permanent tsb’s branch network, bringing it to 98 branches in communities across Ireland
  • All branches will maintain cash services and former Ulster Bank staff
  • Customers are encouraged to move their current account to permanent tsb before Ulster branches close in January 2023

permanent tsb has today announced details of its €25 million investment programme to open 25 former Ulster Bank branches in communities across Ireland.

The new branches will increase permanent tsb’s branch footprint by approximately 30% and bring the total number of permanent tsb branches to 98.

The Bank will open the new branches in January and February of 2023 following a €25 million rebranding and refurbishment programme. The Bank’s expansion forms part of its wider acquisition of mortgages, SME loans and asset finance business from Ulster Bank. 

permanent tsb is encouraging customers to move their account to permanent tsb before the Ulster Bank branches close on 6th January and 13th January. Customers can open a permanent tsb current account by downloading the permanent tsb app and availing of permanent tsb’s award winning digital current account opening process, which allows customers open an account in less than 15 minutes. Alternatively customers can make an appointment in one permanent tsb’s existing 75 branches nationwide or in one of permanent tsb’s mobile branches. To check the schedule for mobile branches for your area, please visit permanenttsb.ie/inyourcommunity.

The new permanent tsb branches will maintain cash services in all locations and will include teams who worked in these branches when they were operated by Ulster Bank.

They will offer the full range of permanent tsb’s award-winning services including mortgages, current accounts, deposit accounts, personal loans, insurance and pensions.

Customers can visit the Bank’s dedicated online support hub, permanenttsb.ie/movingbankhub, for more information on how to move their banking relationship to permanent tsb or to book an appointment in branch.

Patrick Farrell, Retail Banking Director at permanent tsb, said:

“This is a big moment for permanent tsb as we open for business in 25 new communities across Ireland.

This significant investment in local communities shows our commitment to personal and business customers, ensuring that we can meet their banking needs in the way that suits them best - in branch, online or by phone through our contact centre.

For Ulster Bank customers of these branches we are offering an easy transition to a new bank, with the same people and in the same building as they have been doing their banking business up to now.

We want to welcome them and assure them of a great service provided by great people.”

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