Acquiring Company
Banco Santander SA
Acquired Company
TSB Bank
Madrid
LondonFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
Santander has successfully acquired TSB in a deal worth £2.9 billion, marking the largest investment in the UK's banking sector in over 15 years. The acquisition will see TSB be integrated into Santander UK, creating the third largest bank for current accounts in the UK. Both banks' customers will see no immediate changes, allowing them to continue using their services as usual.
Quick answer
Banco Santander SA is acquiring TSB Bank for $3.8 billion, announced May 6, 2026. Banco Santander SA is based in Madrid, Community Of Madrid, Spain.
- How much did Banco Santander SA pay for TSB Bank?
- The reported deal value is $3.8 billion.
- What does Banco Santander SA do?
- Banco Santander SA is a leading retail and commercial bank, headquartered in Madrid, Spain, with a significant presence in Europe, the United States, and Latin America.
- Where are Banco Santander SA and TSB Bank based?
- Banco Santander SA is based in Madrid, Community Of Madrid, Spain. TSB Bank is based in London, England, United Kingdom.
- Who are the decision-makers at Banco Santander SA?
- Fundz holds 2 contacts at Banco Santander SA. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Finance
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Pinnacle Financial Partners merges with Synovus (June 17, 2026)
- MidFirst Bank to acquire Dallas Capital Bank (June 17, 2026)
- Fenchurch to merge with Broadhaven Capital Partners (June 16, 2026)
- Permanent TSB to acquire J & E Davy Unlimited (June 16, 2026)
- ODNB Financial to merge with National Capital Bancorp (June 15, 2026)
- BancFirst Corporation to acquire SpiritBank (June 10, 2026)
Who to call at Banco Santander SA, and when
When Banco Santander SA changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Banco Santander SA raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Banco Santander SA, from your own LinkedIn network
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Related People
Frequently asked
Who acquired TSB Bank?
TSB Bank was acquired by Banco Santander SA, based in Madrid. The deal was reported on May 6, 2026. Banco Santander SA is a leading retail and commercial bank, headquartered in Madrid, Spain, with a significant presence in Europe, the United States, and Latin America. Banco Santander SA is privately held and operates in Financial Services.
When did Banco Santander SA acquire TSB Bank?
Banco Santander SA's acquisition of TSB Bank was reported on May 6, 2026. Santander has successfully acquired TSB in a deal worth £2.9 billion, marking the largest investment in the UK's banking sector in over 15 years. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does TSB Bank do?
TSB Bank, originally established as the Trustee Savings Bank in 1810, is a UK-based bank with a history dating back over two centuries. It is privately held, operating in Financial Services, and is based in London.
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