70-year presence ends with closure
Tuesday February 09 2010
Bank of Scotland (Ireland)'s presence in the Irish financial sector dates back 70 years.
The company operated on the high street from 1933 as ICC Bank before a takeover and a new title was created in 2001.
Its main business operations are based in Dublin, Cork, Galway, Waterford, Limerick, Sligo and Belfast, offering loans, current accounts, treasury services, deposit accounts, wealth management and investment products.
The bank entered the retail market in 2005 and attempted to build a bigger profile in towns and cities around the country.
It bought parts of the ESB retail business, which went on to form the basis of the Halifax branch network - the first of which opened in January 2006.
Those 44 branches and a customer service centre in Dundalk face closure from the summer.
Bank of Scotland Homeloans has been in business in Ireland for the last decade, but the intermediary business will no longer offer mortgages through brokers, and motor finance and commercial asset finance will not be looking for any more customers.
Bank of Scotland (Ireland) Limited is part of Lloyds Banking Group plc.
