03 Oct 2022

Louth TD welcomes commitment on Ardee Ulster Bank branch

Louth TD welcomes commitment on Ardee Ulster Bank branch

Ged Nash

Louth Labour TD Ged Nash has welcomed confirmation that the Ulster Bank branch in Ardee will remain open under plans by Permanent TSB to buy the bank’s Republic of Ireland business.

The Labour Party’s Finance spokesperson said;

“Earlier this year, Ulster Bank announced its plans to exit the Irish market.”

“I was always of the view that the optimum arrangement arising from this decision was for Permanent TSB to in essence take over the business.”

“I am pleased that this move has today moved an important step closer.”

“I have engaged from the start with the Financial Services’ Union and I have always made it clear to the banks that transfer of undertakings laws must be respected and that bank branches must be protected and jobs and terms and conditions must transfer seamlessly in any sale of the Ulster Bank assets to any other entity.”

“To this end, I welcome the commitment from the Ulster Bank and PTSB reflected in their binding memorandum of understanding that they do not plan to close the Ardee branch of the Ulster Bank and that jobs will be protected.”

“This is good news.”


To continue reading this article,
please subscribe and support local journalism!

Subscribing will allow you access to all of our premium content and archived articles.


To continue reading this article for FREE,
please kindly register and/or log in.

Registration is absolutely 100% FREE and will help us personalise your experience on our sites. You can also sign up to our carefully curated newsletter(s) to keep up to date with your latest local news!

Register / Login

Buy the e-paper of the Donegal Democrat, Donegal People's Press, Donegal Post and Inish Times here for instant access to Donegal's premier news titles.

Keep up with the latest news from Donegal with our daily newsletter featuring the most important stories of the day delivered to your inbox every evening at 5pm.