Paul White

The offer followed PTSB’s formal sales process, which was announced at the end of October 2025.

PTSB is an Irish retail and SME pillar bank, with a banking heritage stretching back over 200 years to 1816. Focusing on personal and business banking and serving around 1.3 million customers across Ireland, the bank offers current accounts, deposits, mortgages and loans through a multi-channel model, combining digital banking with a nationwide branch network.

Commenting on ALG’s involvement, Paul White, senior adviser, said: “Congratulations to the PTSB board and its leadership team on a successful formal sales process leading to this recommended cash offer.

“PTSB has been a valued client of our firm since before its de-mutualisation in 1994. We have been privileged to be involved in all its major corporate transactions since then and have greatly enjoyed the journey with them.”

ALG’s team was led by corporate partners Charles Carroll and Alan Casey along with senior adviser Paul White, and by senior associates Eoin Shiel and Randal Stewart with support from Dillon Harris, Shane Swaile, Katherine Lynch, Rachael Slattery, Ross O’Toole, and Michelle Cotter.

The team also includes Jennie Quirke, Dario Dagostino, Louise Hogan, Caroline O’Byrne, Dr Vincent Power SC, Damien Ryan, Enda Hurley, Cecelia Joyce and Brendan McGrath.

William Fry is advising the Department of Finance, which holds 57.5 per cent of the shares in PTSB.