PERMANENT TSB has said that it will invest €1 million in its new Shannon branch.
It will open in Shannon in late January or early February following the acquisition of the Ulster Bank branch in the Town Centre, as part of Permanent TSB’s wider acquisition of €7.5 billion in mortgages, SME loans and asset business finance business from Ulster Bank.
In a statement this week Permanent TSB said, “The new Permanent TSB Shannon 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 Clare. We are delighted to invest in the new Shannon branch and the people who will work in it.
“We want to show our commitment to personal and small business customers in Clare 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 Shannon 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.”
Permanent TSB will have mobile branches visiting Shannon each week this month for people looking to open accounts, ahead of the new branch opening.
Owen Ryan has been a journalist with the Clare Champion since 2007, having previously worked with a number of other publications in Limerick, Cork and Galway. His first book will be published in December 2024.