Acquiring Company
Banco Santander SA
Acquired Company
TSB Bank
Madrid
LondonFinancial ServicesFinanceLendingBankingFinancial ServicesFinanceLendingBankingDescription
TSB Bank has disclosed a significant earnings increase as it prepares for a takeover by Santander valued at £2.9 billion. The acquisition is expected to enhance Santander's profitability in the UK market. TSB reported a pre-tax profit increase of 38.2% year on year, reflecting solid financial performance despite a challenging economic environment. The integration of TSB's brand into Santander's operations raises concerns about potential job cuts and branch closures.
Quick answer
Banco Santander SA is acquiring TSB Bank for $3.8 billion, announced November 13, 2025. 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.
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- First Mid Bancshares, Inc. to Acquire Two Rivers Financial Group, Inc. (October 30, 2025)
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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 November 13, 2025. 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 November 13, 2025. TSB Bank has disclosed a significant earnings increase as it prepares for a takeover by Santander valued at £2.9 billion. The acquisition is expected to enhance Santander's profitability in the UK market. 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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