Back to future as group splits

The former Lloyds TSB bank in Clifton Drive South, St Annes, rebranded as TSB
The former Lloyds TSB bank in Clifton Drive South, St Annes, rebranded as TSB
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St Annes has gone back to the future with a revived name and new look for a town centre bank.

All Lloyds TSB branches nationally are being re-branded as either Lloyds Bank or TSB as to comply with European law, the Lloyds banking group has had to shed 631 of its 1,931 outlets.

While the Lytham and Kirkham branches will continue under the Lloyds banner, St Annes now again hosts the TSB at premises in Clifton Drive South – just as was the case up to Lloyds and TSB coming together in the early 1990s.

The merger of the two banks at that time prompted the closure of St Annes’ then Lloyds branch in The Square – a former Express office which is now the No 15 pub.

Under the new arrangement, which came into effect this week, both brands will remain part of Lloyds Banking Group until TSB is eventually sold off through an initial public offering which is expected to happen next year.

And officials have promised a smooth transition for customers, whose accounts will be with one bank or the other, as well as no change for staff.

John Thorpe, commercial director of Lloyds TSB, said: “The changes are exciting.

“We are working hard to ensure our customers understand what’s happening and we are keen to ensure the transition from one to two banks is as smooth as possible.”

A spokesman added: “It’s business as usual for staff in all branches.

There have been no job losses as a result of the change.”