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TSB, the bank with 632 branches and 8,700 staff, is to be acquired by Banco de Sabadell of Spain for £1.7bn.
TSB has received a £1.7bn takeover approach from Banco de Sabadell of Spain.
TSB is relocating its Bristol-based banking operation and 300 staff to a 64,000 sq ft office at Almondsbury Business Park, with the creation of up to 150 jobs.
TSB is looking to expand its chain of 631 bank branches with up to 30 new sites in southern England.
TSB is to create 104 new jobs at its banking centre at Barnwood in Gloucestershire over the next few months.