Permanent TSB has today announced details of its €25m investment programme to open 25 former Ulster Bank branches across the country.
The lender said the new branches will increase its branch footprint by about 30% and bring the total number of Permanent TSB branches to 98.
The bank will open the new branches in January and February of next year after the €25m rebranding and refurbishment programme.
The branch expansion is part of its wider acquisition of mortgages, SME loans and asset finance business from Ulster Bank.
The new Permanent TSB branches will maintain cash services in all locations and will include teams who worked in these branches when they were operated by Ulster Bank.
Permanent TSB is encouraging customers to move their account to the bank before the Ulster Bank branches close on January 6 and 13.
Patrick Farrell, Retail Banking Director at Permanent TSB, said the significant investment in local communities shows the bank's commitment to personal and business customers, ensuring that it can meet their banking needs in the way that suits them best.
"For Ulster Bank customers of these branches 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," he added.
