Eddie Kearney, head of retail distribution at Permanent TSB.

Permanent TSB reveals Trim plans

Permanent TSB has announced details of its plans to open a new branch in Trim in early 2023, in the former Ulster Bank premises. Permanent TSB is investing €1 million in the new branch, which will build on Permanent TSB’s existing presence in in Navan and Ashbourne, as part of a major expansion from 75 to 99 branches in communities across Ireland.

The bank will open for business in Trim in late January/early February following the acquisition of the Ulster Bank branch on High Street as part of its wider acquisition of €7.5 billion in 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 Trim branch closes on 6th January. Customers can open a Permanent TSB current account by downloading the Permanent TSB app and availing of Permanent TSB’s digital current account opening process, which allows customers open an account in less than 15 minutes. Alternatively customers can make an appointment in one of Permanent TSB’s 75 branches nationwide or in one of Permanent TSB’s mobile branches visiting Trim on a weekly basis throughout November. To check the schedule for mobile branches for your area, please visit permanenttsb.ie/inyourcommunity.

Permanent TSB is also opening their Navan branch on Saturdays throughout November to further support customers in Meath to move to Permanent TSB. 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.

The new Permanent TSB Trim branch will feature full cash services and will include staff who worked in this branch when it was operated by Ulster Bank. Each branch will offer the full range of Permanent TSB’s award-winning services including mortgages, current accounts, deposit accounts, personal loans, insurance and pensions.

Eddie Kearney, Head of Retail Distribution at Permanent TSB, said: “This is a big moment for Permanent TSB as we open for business in a new community in Meath. We are delighted to invest in the new Trim branch and the people who will work in it.

"We want to show our commitment to personal and small business customers in Meath that we want to be close to them and 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 the Trim branch 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.”

Meanwhile, Ulster Bank has announced to colleagues the first redundancy programmes as part of the phased withdrawal of Ulster Bank from the Republic. These two programmes are opening following a period of consultation with employee representative bodies and the process will continue over the coming weeks.

Ulster Bank chief executive Jane Howard said: "This is a significant milestone in our phased withdrawal, and we anticipate that through both programmes, circa 600 colleagues will leave the bank via these redundancy programmes from March 2023. Other colleagues have and will continue to leave the Bank through the TUPE element of our transactions with Permanent TSB and AIB. Ulster Bank also expects further redundancy programmes will be opened in 2023 and beyond.”