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Older Tsb Shares Are They
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of any value. My neighbour has a good number of Tsb shares , which she purchased before the time when the bank got into difficulty and was bailed out. Are they of any value.? Thank you.
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As I recall, being a very old customer of TSB, they did not get into difficulty but were assimilated into Lloyds - a takeover - which then became Lloyds/TSB. If they are any good at all, which I somehow doubt, the place to enquire, I think, would be Lloyds. They are at the moment separating them out again so I also think speed would be the essence before they get really lost.
They've already split the two banking divisions though, they are back to trading as two separate entities here. http://
I think Lloyds would refer you back to TSB now, particularly as the shares were TSB in the first place, not LTSB.
I think Lloyds would refer you back to TSB now, particularly as the shares were TSB in the first place, not LTSB.
The first merger took place in 1999 and if anyone had shares, I would think they would have been transferred to the new company. However, as boxtops says they have now split again (apparently I am now a customer of Lloyds although I started out with TSB). The new split was ordered by the Government. I think it is definitely worth a try to see what has happened to the original shares. It won't do any harm and it might do some good!
Best thing to do would be to find the company which holds the share registers, though banks used to look after their own share registers. I used to work in a bank department which held share registers for many companies as well as the bank for which I worked. As I recall the share registers for Lloyds were held by Lloyds in their offices in Worthing. Sadly I can't recall where the TSB registers were held, but the share certificates themselves should have some information on them. Share certificates should have been invalidated and replaced by New ones when the TSB and Lloyds merged
I was under the impression that TSB did not have shareholders but belonged to the people who saved with them (Trustee Savings Bank). I could not understand at the time how Lloyds could merge with them, if this was the case, but of course I could have been completely wrong, as I am not exactly a financial wizard.
Don't recognise the name Daisy, it was Lloyds themselves, who looked after their own share registers, I quite often had to forward stuff to them that came into our office in error. Happened quite a lot, so I got to know who kept what and where. I wouldn't be at all surprised that they had closed down proved on. Probably the best thing for the questioner to do would be to contact the head office of TSB directly, and ask to speak to someone regarding the certificates they possess
Just had a look at my LTSB files. I began taking shares instead of dividends in 2004 and a document for 2005 explains the calculations based on the 594 shares I owned. But at that time I'd only received two share certificates (for 30 and 14 shares). The 550 share difference can only be explained by the TSB share certificates I have - the 500 shares I originally got and the 50 free shares I got for not selling them. I believe those TSB shares are currently worth about 80p each.
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