The bank - formerly the biggest mortgage lender in Ireland - is to create a ‘good bank’ and a ‘bad bank’ to wind down some irrecoverable debts. I particularly welcome the news that the branch in the St Nessan’s Road will remain open, it is of huge benefit to the local community,” he said.Ĭllr Tomas Hannon said he could never see the Dooradoyle branch closing, because of the size of the population it serves. “It goes to show that in these tough times, people are still willing to invest and stay in the Limerick region so it is great to see. It is unclear at this stage if jobs will be lost.įine Gael’s Dooradoyle-based councillor Richard Butler welcomed the news, describing it as “a vote of confidence in Limerick”. The 40 staff working in these outlets were briefed by management late on Wednesday night This was confirmed by a spokesperson for the bank as the Limerick Leader went to press. There were fears for the future of the state-controlled bank in Limerick after it announced plans to close 17 of its branches and restructure the company, a move which will lead to 250 job losses nationally.īut the two city branches, in Sarsfield Street and Upper William Street, will join a branch on St Nessan’s Road in Dooradoyle, and the branch in Newcastle West in remaining open. ALL four branches of Permanent TSB in the county are to remain open, the Limerick Leader can reveal.
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