TSB name returns to Rothesay

Jenny Brown opens the newly-rebranded Rothesay branch of the TSB on Monday, September 9.
Jenny Brown opens the newly-rebranded Rothesay branch of the TSB on Monday, September 9.

The TSB name returned to Bute on Monday as the Rothesay branch of the UK’s newest bank opened its doors for the first time.

Known until Friday as Lloyds TSB, the reappearance of the TSB name on Britain’s high streets comes after the European Commission ruled in 2009 that Lloyds Banking Group should transfer part of its business to a new owner.

The TSB name - a trading name of Lloyds TSB Scotland plc, a UK-regulated bank which will be renamed as TSB Bank plc - now appears on 631 bank branches across Britain, including all 185 Lloyds TSB Scotland branches.

The Rothesay branch was officially opened on Monday by weel-kent Bute singer and local resident Jenny Brown.

The TSB name in its own right disappeared in 1995, when the Trustee Savings Bank merged with Lloyds Bank to create what, at the time, was the largest bank in the UK in terms of market share.