![]() The origins of the TSB Bank date back to 1816 when the first Irish Savings Bank was established in Waterford. Irish Permanent was a predominantly personal banking and mortgage company and in 2001 acquired the Irish Trustee Savings Bank from the Government of Ireland. It demutualised to form a plc on 21 September 1994. It was a mutual organisation, jointly owned by those saving and borrowing. In 1996 Capital Home Loans, a UK mortgage lender, was acquired. In 1994 the Irish private banking operation of Guinness & Mahon was acquired. In 1992 a Banking subsidiary established in the Isle of Man. In 1992 branch operations were opened in London and Belfast. In 1992 Irish Permanent Finance, specialising in auto finance, was established. Farrell, and later his son, Edmund Farrell Jnr managed the building society until about 1990. ![]() In 1940 under new managing director Edmund Farrell its name was changed to Irish Permanent Building Society. Permanent TSB, previously the Irish Permanent Building Society, was founded as The Irish Temperance Permanent Benefit Building Society which was founded in 1884. In March 2012, Irish Life Assurance was sold to the Irish State for €1.3 billion as part of a bank recapitalisation programme following the Irish financial crisis. In 1999, Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group. In 1965 Irish Life entered the UK market and competed against its former parent, initially under its own name. Shares in the business were sold to the public in July 1991. the Liverpool Victoria Friendly Society.Later some British companies shed their Irish operations, and merged them into this new company. the Munster and Leinster Assurance Company.the Irish Life and General Assurance Company.Irish Life was a life assurance company created in 1939 with state assistance and concentrated on life assurance and investment products. ![]() Irish Life Assurance plc (founded 1939) and the Irish Permanent Building Society (founded 1884) merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank (founded 1816) in 2001. Trustee Savings Bank (no relation to the British bank of the same name).The bank is historically derived from three different companies: The group has no connection to the UK's TSB Bank. Irish Life Assurance plc and the Irish Permanent Building Society merged to form the Irish Life and Permanent Group in 1999 and the merged entity acquired the Trustee Savings Bank in 2001. Permanent TSB Group Holdings plc, formerly Irish Life and Permanent plc is a provider of personal financial services in Ireland.
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