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Romsey Lloyds branch becomes part of new TSB
9:08am Monday 9th September 2013 in News
Romsey’s branch of Lloyds bank was relaunched as part of the new TSB this morning
MP Caroline Nokes and town mayor Ian Richards cut the ribbon to rechristen the bank in Market Place.
Romsey's is one of 631 branches across the UK which will form the new bank.
Paul Pester, TSB’s chief executive, says: “The TSB movement was originally created over 200 years ago when the Reverend Henry Duncan established the first Savings Bank in Ruthwell, 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.”
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.
Editors note: Earlier this morning we reported that Mrs Nokes was due to attend a re-opening ceremony at the bank on Wednesday after being misinformed by the TSB's media relations team in London.
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