First Trust Bank
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- For other banks with a similar name, see First Bank.
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| First Trust | |
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| Type | Subsidiary of AIB |
| Founded | Belfast, Northern Ireland (1991) |
| Headquarters | Belfast, Northern Ireland |
| Key people | Terry McDaid, Managing Director |
| Products | Various banking products |
| Website | www.firsttrustbank.co.uk/ |
First Trust Bank, part of the AIB Group, is a commercial bank in Northern Ireland. The bank was created in 1991 when TSB Northern Ireland merged with the AIB Group's other interests. The bank can trace its existence back to 1816 with the founding of the Belfast Savings Bank. The bank is one of the four banks that issues Pound Sterling banknotes in Northern Ireland.
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[edit] Banking services
The AIB Bank GB & NI division, with total assets of €15.1 billion (approx £10 billion)[1], operates in two distinct markets, Northern Ireland and Great Britain (where it operates as Allied Irish Bank (GB)), with different economies and operating environments. AIB Group (UK) p.l.c., registered in the UK and regulated by the Financial Services Authority, operates as the legal entity for the division.
In the Northern Ireland market, the division operates under the trading name First Trust Bank from 56 full service branches throughout the province. The First Trust Bank Head Office is located in Belfast, together with the Business Services Centre. A full service is offered to business and personal customers, across the range of customer segments, including personal customers, small and medium sized enterprises, and the corporate sector. Specialist services, including mortgages, credit cards, invoice discounting and asset finance are based in Belfast and delivered throughout the division. First Trust Independent Financial Services provides sales and advice on regulated products and services, including protection, investment and pension requirements to the whole of the division.
[edit] Banknotes
- See also: Banknotes of the pound sterling
In common with the other Big Four banks of Northern Ireland, the First Trust Bank retains the right to issue its own banknotes. Until the name change in 1991, these banknotes bore the name Allied Irish Bank. These are pound sterling notes and equal in value to Bank of England notes, and should not be confused with banknotes of the former Irish pound.
Earlier note issues by the bank were made under the bank's previous names: the Provincial Bank of Ireland Ltd. (to 1976), Allied Irish Banks Ltd. (1977 - 1986), and Allied Irish Banks PLC (1987 - 1993).
First Trust Bank's current notes depict two generic people, one male, one female. They appear as children on the £1 and £5 notes, as middle-aged on the £10 and £20, and finally as elderly on the £50 and £100. The obverse generally features designs associated with the Spanish Armada, or coastal features.
- 10 pound note featuring the vessel Girona (galleass) on the obverse
- 20 pound note featuring the chimney at Lacada Point on the obverse
- 50 pound note featuring a commemorative medal on the obverse
- 100 pound note featuring the Armada on the obverse
A £5 note featuring Dunluce Castle on the obverse and a £1 note also featuring the Girona were issued by the Provincial Bank of Ireland and by AIB, but have not been issued by First Trust Bank.
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