Overview
- Santander, which closed the deal Thursday, now counts nearly 28 million customers and ranks third for current accounts and fourth for mortgages.
- The final cash price came in at about £2.9 billion, up from the £2.65 billion agreed last year with seller Banco Sabadell.
- The takeover cleared the UK Prudential Regulation Authority on March 19 and the European Central Bank on April 14.
- Both banks told customers there are no immediate changes to accounts, cards or branch hours, that branches will operate separately for now, and that people should watch for scam attempts.
- Santander set a target of at least £400 million in cost savings as it integrates TSB.