Finance

TSB: Full list of banks closing as 150 jobs set to be hit

TSB has confirmed plans to close 70 branches across the UK next year in a move which will affect 150 jobs.

It said the closures are in response to falling branch use and an increase in customers using digital services.

They will take place between April and June 2022. Affected staff are to be offered alternative roles at the company.

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TSB has stressed it will continue to have the seventh largest branch network in the UK, at more than 200.

Its chief customer officer, Robin Bulloch, said: “Closing branches is an incredibly difficult decision to take, but we have to respond to the changes in the way people bank and provide the right mix of services for all our customers now and into the future.

“These changes allow us to maintain an extensive branch presence across the country.

“They are accompanied by a significant investment programme to upgrade branches to better suit customer needs.

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“And, where it takes longer to get to the nearest branch, we will introduce more ‘pop-up’ services in communities.”

The announcement comes after the bank shuttered 164 branches last year.

Unite’s general secretary Sharon Graham has branded the “latest retreat” by the bank from the high street “a bitter blow.”

She said: “TSB axing a quarter of its branches in 2022, on top of the numbers already closed, is a bitter blow for many communities.

“Unite has consistently argued that local banking and access to cash is essential especially for those on lower incomes.

“Unite remains very concerned by the drastic cuts in the numbers of branches across the whole banking sector, and we call on the government and the banking regulators to step in urgently to ensure cash remains readily available in all communities.”

The full list of TSB banks set to close:

  • Aylesbury
  • Bath
  • Bermondsey
  • Bishop’s Stortford
  • Bromley
  • Bury St Edmunds
  • Camberley
  • Cambridge
  • Carolgate
  • Cleveleys
  • Colchester
  • Coldside
  • Cirencester
  • Denton
  • Ealing
  • Eastbourne
  • Ellon
  • Exeter
  • Forfar
  • Forres
  • Fort William
  • Frodsham
  • Garston
  • Gateshead
  • Gillingham
  • Greenwich
  • Harelesden
  • Horsham
  • Kirkintilloch
  • Lanark
  • Longbridge
  • Louth
  • Magdalen Street
  • Maidstone
  • Market Hill
  • Maryport
  • Melton Mowbray
  • Morden
  • Morecambe
  • Nelson
  • Newbury
  • Newton Aycliffe
  • Northallerton
  • Ossett
  • Oxford

  • Redcar

  • Redditch

  • Romford

  • Ross-On-Wye

  • Rushden

  • Sherwood

  • Shrewsbury

  • Solihull

  • Southend-On-Sea

  • Stranraer

  • Sutton

  • Swaffham

  • Taunton

  • Thornbury

  • Thurso
  • Tunbridge Wells
  • Uxbridge
  • West End
  • Weston-Super-Mare
  • Wilmslow
  • Wimborne
  • Winsford
  • Woodseats
  • Worcester
  • Yeovil

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