# Spanish bank chain Santander completed its £2.6billion takeover of TSB in April.

*fintech · news · 2026-05-06 · Metro.co.uk*

## Key points

- Santander completed a £2.6 billion takeover of TSB from Sabadell in April.
- Santander will phase out the TSB brand from UK high streets after integration.
- The merger will create Britain’s third-largest bank, but this position may be temporary.
- Santander aims to save £400 million through the integration, with further cuts of £100 million from 2028.
- TSB customers and branding will remain unchanged for at least 12 months post-takeover.

**Companies:** Santander, TSB, Sabadell
**Countries:** United Kingdom, Spain

[Read the full story on Metro.co.uk](https://metro.co.uk/2026/05/06/tsb-banks-disappear-uk-high-street-200-years-28259428/)

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