TSB announces 70 further branch closures
Banking group TSB will close 70 more of its branches next year, including several across the North West.
The 70 branches, a quarter of its remaining network, are in addition to 164 branch closures the high street bank announced last year.
It is estimated 150 staff will be affected, although they will be offered alternative roles.
TSB said its branch closure programme is due to a shift to online banking, which has been accelerated by the pandemic.
Trade union, Unite, described the announcement as a “bitter blow”.
TSB had been part of the Lloyds group and emerged as a separate brand with more than 600 branches in 2013. It has subsequently been acquired by Spain’s Sabadell, which recently rejected an unsolicited offer for TSB from Manchester’s Co-op Bank.
Following the latest round of closures the business will be left with 220 branches.
TSB said: “The COVID-19 pandemic has further accelerated the shift away from branch services, with customers shopping and doing more online.
“Over 90% of customer transactions are now carried out digitally and video banking accounts for over 90% of mortgage appointments.”
Robin Bulloch, TSB’s chief customer officer, 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.”
The group said it was upgrading around 140 branches and opening “pop-up” services in communities.
Unite general secretary Sharon Graham 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 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 closures and their date of closure:
Aylesbury – 1-3 Market Street – 19 April
Barnsley – 17 Market Hill – 16 June
Bath – 10 Quiet Street – 15 June
Bermondsey – 253/255 Southwark Park Road – 27 April 27
Bishop’s Stortford – 3 The Corn Exchange – 26 May
Bromley – 58 High Street – 18 May
Bury St Edmunds – 8 Guildhall Street – 26 May
Camberley – 54 High Street – 5 May
Cambridge – 6 St Andrews Street – 20 April
Cleveleys – 77 Victoria Road West – 8 June
Colchester – 2 Culver Street West – 31 May
Coldside, Dundee – 101 Strathmartine Road – 13 April 13
Cirencester – 37 Market Place – 14 June
Denton – 38 Ashton Road – 17 May
Ealing – 31 New Broadway – 5 May
Eastbourne – 76 Terminus Road – 17 May
Ellon – 36 Bridge Street – 19 April
Exeter – 6 High Street – 21 June
Forfar – 20 East High Street – 14 April
Forres – 156 High Street – 27 April
Fort William – 6 Tweedale High Street – 20 April
Frodsham – 96 Main Street – 22 June 22
Garston – 6 Speke Road – 9 June
Gateshead – 264 High Street – 10 May
Gillingham, Dorset – Sydenham House – 15 June
Greenwich – 6 Crescent Arcade – 28 April
Harlesden – 58 High Street – 28 April
Horsham – Springfield Court – 12 May
Kirkintilloch – 4 Alexandra Street – 28 April
Lanark – 25 Bannatyne Street – 27 April 27
London West End – 68 Baker Street – 4 May
Longbridge – 1401 Bristol Road South – 28 June
Louth – 11-13 Eastgate – 24 May
Maidstone – 16 High Street – 10 May
Maryport – 109/111 Senhouse Street – 10 May
Melton Mowbray – 23-25 High Street – 1 June
Morden – 66 London Road – 11 May
Morecambe – Lunedale House – 7 June
Nelson – 23 Manchester Road – 18 May
Newbury – 26 Northbrook Street – 7 June
Newton Aycliffe – Unit 3B, Greenwell Road – 3 May
Northallerton – 164 High Street – 3 May
Norwich – 65 Magdalen Street – 28 June
Ossett – 3 Wesley Street – 17 May
Oxford – 17 George Street – 7 June
Redcar – 87-89 High Street – 4 May
Redditch – 4 Unicorn Hill – 2 June
Retford – 1 Carolgate – 24 May
Romford – 3 Stewards Walk – 31 May
Ross-On-Wye – 9a Gloucester Road – 22 June
Rushden – 133 High Street – 21 April
Sherwood – 583 Mansfield Road – 29 June
Shrewsbury – 45 High Street – 28 June
Solihull – 58 Poplar Road – 1 June
Southend-On-Sea – 32 London Road – 2 June
Stranraer – 21 Castle Street – 28 April
Sutton – 79 Ellamsbridge Road – 26 May
Swaffham – 61 Market Place – 24 May
Taunton – 34 North Street – 12 April
Thornbury – 9 St Mary’s Way – 9 June
Thurso – 12/14 Traill Street – 21 April
Tunbridge Wells – 62 Mount Pleasant Road – 19 May
Uxbridge – 24 Chequers Square – 4 May
Weston-super-Mare – 12 Walliscote Road – 23 June
Wilmslow – Emerson Court, Alderley Road – 14 June
Wimborne – 5 The Square – 13 April
Winsford – 160 High Street – 21 June
Woodseats, Sheffield – 1 Abbey Lane – 15 June
Worcester – 24 Mealcheapen Street – 21 June
Yeovil – King George Street – 12 April
