TSB to close 70 more branches - is yours one of them?

The closures next year will leave the bank's network around a third of the size of when the brand returned to the high street eight years ago.

TSB to close 70 more branches - is yours one of them?

Image: TSB said 150 jobs would be affected

TSB is to close 70 more branches next year – nearly a quarter of its remaining network – as more customers shift to digital banking.

The announcement by the lender, described by trade union Unite as a “bitter blow”, adds to the 164 closures announced in 2020 and was blamed on the decline in use of branches by customers, which the bank said had been accelerated by the pandemic.

TSB said 150 employees would be affected but all were to be offered alternative roles at the business.

TSB to close 70 more branches - is yours one of them?

Image: TSB is owned by Spain's Sabadell

The bank, which had been swallowed up by Lloyds in the 1990s, reappeared on the high street a separate brand with more than 600 branches in 2013 and was subsequently taken over by Spain’s Sabadell, its current owners.

After the latest round of closures – which are in line with cuts being seen across the banking industry – it will be left with just 220 sites, which it said leaves it as the seventh largest network in the UK.

TSB said that in recent years it had seen a “significant decrease in branch use” and that it saw “no prospect of branch transactions returning to pre-COVID levels”.

The latest announcement follows a strategy set out by the bank two years ago to scale back its high street network and invest in digital services.

“The COVID-19 pandemic has further accelerated the shift away from branch services, with customers shopping and doing more online,” TSB said.

“Over 90% of customer transactions are now carried out digitally and video banking accounts for over 90% of mortgage appointments.”

TSB to close 70 more branches - is yours one of them?

Image: Unite's Sharon Graham said the decision was a bitter blow

It said the branches that are to close carry out around 32% fewer transactions than the TSB national average and that there is a Post Office or free-to-use cash machine within a mile of each affected site.

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.”

TSB said it was also upgrading around 140 branches and opening “pop-up” services in communities where it takes longer to reach the nearest branch.

Sabadell has said it has no plans for now to sell TSB after recently rejecting an unsolicited offer from Co-op Bank.

British banks have stepped up branch closures in recent months, with Lloyds cutting 48 and Virgin Money saying it would close almost one in five branches.

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.”

Here is a list of the affected branches and closure dates next year:

Aylesbury – 1-3 Market Street – 19 April
Barrnsley – 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

News Related


AU Small Finance Bank posts 37% drop in net profit, NII up 29.5%

AU Small Finance Bank AU Small Finance Bank reported a 36.9 percent year-on-year (YoY) drop in its net profit at Rs 302 crore for the third quarter of the financial ... Read more »

ACM: possible negative consequences of RTL and Talpa merger, in-depth investigation necessary

The merger of RTL and John de Mol’s Talpa could have negative consequences for the price, quality and innovation of their offer, according to the Authority for Consumers and Markets ... Read more »

L&T Q3 results | Profit, new orders dip but order pipeline remains strong, says CFO

Larsen & Toubro reported a 17 percent year-on-year decline in net profit for the third quarter of 2021-22 at Rs 2,055 crore, because of a combined effect of lower income ... Read more »

Meeting of Russia-Iran intergovernmental commission to be held this spring, says envoy

The agreement to hold the next meeting of the governmental commission was reached during the visit of Iranian President Ebrahim Raisi to Moscow Read more »

I-Bank Jefferies plans major ECM push in India and S-E Asia; may onboard Jibi Jacob of Edelweiss

Jibi Jacob After poaching several senior officials from CLSA over the past two years to strengthen its institutional equities and research team, US investment bank Jefferies is now looking to ... Read more »

Banks hand Post Office lifeline with new three-year cash access deal

The latest ‘banking framework’ involving the Post Office’s 11,500 branches and dozens of lenders will be unveiled on Monday, Sky News can reveal. Read more »

Broad coalition wants government to solve power grid bottlenecks quickly

Photo: ANP Climate Minister Rob Jetten must urgently come up with structural solutions for the electricity grid. That is the view of a coalition of network operators, local authorities and ... Read more »

The winner and loser of the week: cash register for Signify, scratch for Van der Tak

Thanks in part to greenhouse horticulture, it is another winning week for Signify CEO Eric Rondolat. A month ago he already starred in this column due to the acquisition of ... Read more »

Farmers alarmed as NY looks at expanded OT for their workers

The Associated PressFarm workers milk dairy cows in the milking parlor at the Welcome Stock Farms Tuesday, Jan. 25, 2022, in Schuylerville, N.Y. New York state is now looking at ... Read more »

Vatican selling London property at heart of fraud trial

On Location: January 27, 2022 Catch up on the developing stories making headlines.The Associated Press ROME — The Vatican said Friday it has signed a contract to sell a luxury ... Read more »

Indian economy needs more hand-holding, fiscal correction can wait: Report

Warning that any sudden and sharp fiscal consolidation steps can throttle the nascent and uneven recovery of the Indian economy, a Wall Street brokerage has said the Budget should instead ... Read more »

Brent above $90/bbl first time from October 2014 — trading data

At the same time, the euro and the dollar are in the red during the trading session on the Moscow Exchange Read more »

Arvind Smartspaces Q3 profit up 17% to Rs 5.91 crore

The company reported strong growth in fresh sales at Rs 158 crore for the quarter, aided by a set of successful launches of new phases in its existing projects in ... Read more »

HPCL expands footprint in non-fuel retailing

Hindustan Petroleum Corporation Ltd (HPCL) will set up its own chain of multi-channel retail stores at its petrol pumps as the nation’s third-largest fuel retailer looks to give a push ... Read more »

Supervisor initiates additional investigation into merger RTL and Talpa

Photo: ANP The Netherlands Authority for Consumers & Markets (ACM) will conduct additional research into the merger of RTL and Talpa. According to the regulator, an initial study shows that ... Read more »

NIIT posts 32% jump in net profit to Rs 55 crore for December quarter

Representative image Talent development company NIIT Ltd on Friday reported a 32 per cent jump in net profit to Rs 55 crore for the December 2021 quarter, and said its ... Read more »

UniCredit drops bid for Russian bank over Ukraine tensions

MILAN — Italian bank UniCredit has decided not to pursue a possible takeover bid for Russian bank Otkritie due to rising tensions over Ukraine, the bank’s CEO said Friday. UniCredit ... Read more »

Airlines cancel hundreds of flights ahead of winter storm

A jetBlue Airways airplane takes off from Newark Liberty Airport on September 30, 2018 as seen from Elizabeth, New Jersey.Gary Hershorn | Corbis News | Getty Images Airlines have canceled ... Read more »

A 'Gen U' of young Starbucks baristas are powering a growing push to unionize

From coast to coast, young Starbucks baristas are pushing to unionize their cafes, flexing their collective power against the coffee giant in a fight that could change the broader restaurant ... Read more »

Decoding the Google-Airtel Deal | What is in it for the companies? 

Bharti Airtel | Representative image The US-based tech major Google’s $1-billion investment in Bharti Airtel is yet another signal that it is serious about the Indian market. While this might ... Read more »

KPMG UK profit surges despite government ‘ban' and string of scandals

Average profit-per-partner at the ‘big four’ firm reached roughly £700,000 last year despite a string of incidents which damaged its reputation, Sky News learns. Read more »

FIIs sell equities for fourth straight month, biggest losing streak in five years

Foreign institutional investors (FIIs) remained sellers in Indian equities for January, the fourth consecutive month, marking the longest such streak in five years. They turned aggressive sellers in the last ... Read more »

Excavator builder Caterpillar benefits from strong demand

Photo: ANP US manufacturer of excavators, bulldozers and heavy mining trucks, Caterpillar, has seen sales rise nearly a quarter in the past quarter, helped by strong demand. Caterpillar also managed ... Read more »

Former Zimbabwe captain Brendan Taylor banned by ICC for 3 and half years for delay in reporting spot-fixing approach

Former Zimbabwe captain Brendan Taylor Former Zimbabwe captain Brendan Taylor was on Friday banned for three and a half years by the ICC for failing to report a 2019 spot-fixing ... Read more »

Flipkart-backed PhonePe approaches SEBI for mutual fund licence

SEBI has received several applications for mutual fund licences in last one-and-a-half years Fintech major PhonePe, which is backed by e-commerce giant Flipkart, has become latest entity to apply for ... Read more »

Embassy REIT Q3 Results |Net operating income rises 30% at Rs 621 crore; announces distribution of Rs 493 crore to unitholders

Embassy Office Parks REIT on January 28 reported 30 per cent increase in net operating income to Rs 621 crore for the quarter ended December 2021 and announced distribution of ... Read more »

A key inflation gauge rose 5.8% in 2021, most in 39 years

The Associated PressHigh gas prices are posted at a full service gas station in Beverly Hills, Calif., Nov. 7, 2021. Oil prices, which have a big impact on the price ... Read more »

Ukraine crisis updates: What to know amid the fears of war

The Associated PressIn this handout photo provided by the Ukrainian Presidential Press Office, Ukrainian President Volodymyr Zelenskyy speaks with U.S. President Joe Biden over the telephone in his office in ... Read more »

Austria sees decline in energy resources supply from Russia — Minister

The situation on international gas markets is very challenging, Federal Minister for Climate Action Leonore Gewessler noted Read more »

BMW ends production of first electric model after ten years

Photo: ANP Car manufacturer BMW will stop production of the i3, the first fully electric BMW, this summer. Since September 2013, 250,000 units of that model have already been built. ... Read more »

Taxman to go easy on crypto traders Trading losses would be deductible under revised proposal from Revenue Department

The digital asset exchange Zipmex has opened a Crypto Arcade and Experience Center at Siam Paragon in Bangkok until Feb 28, aiming to educate investors about cryptocurrency before they invest. ... Read more »

Trying to bring Sputnik M vaccine for adolescents to India: Dr Reddy's

Dr Reddy’s Laboratories on Friday said it is in discussions with the Indian drug regulator to bring Russia’s Sputnik M, a COVID-19 vaccine for the 12 to18-year-old category, to India. ... Read more »

Internet sales in Hainan's Haikou up 69.35% to $28.9 billion in 2021

A total of 75.8 million orders were delivered Read more »

What really happens to Amazon returns

Sending back an online order has never been easier. It's often free for the customer, with some retailers even allowing customers to keep the item while offering a full refund. ... Read more »

Investments in alternate real estate assets increase by 26% in 2021: Colliers

Representational image. There was an almost 26% increase in institutional investments into alternate assets such as data centres, student housing, senior living and co-living in India that witnessed an inflow ... Read more »

Austria earmarks 1.7 billion for energy cost compensation

Photo: ANP The Austrian government is introducing a package of measures worth €1.7 billion to help households cope with rising energy costs. So said Austrian Chancellor Karl Nehammer. The measures ... Read more »

National Insurance: Downing Street says rise in April will go ahead 'no ifs, no buts' despite reports PM is considering U-turn

Boris Johnson has come under pressure from some senior Conservatives to reconsider the planned increase in NI contributions, with reports suggesting some MPs are saying it is the price he must pay for their backing of his leadership Read more »

‘GameStop: Rise of the Players': bonkers stock climb could repeat

The insane rise of GameStop last year might only be the beginning. “[On Reddit, we’ve] never stopped talking about GameStop … I want to see the price keep going up,” ... Read more »

Stocks making the biggest moves premarket: Caterpillar, Chevron, Apple and others

Check out the companies making headlines before the bell: Caterpillar (CAT) – Caterpillar earned an adjusted $2.69 per share for the fourth quarter, beating the $2.26 consensus estimate, with revenue ... Read more »

Caterpillar pushes through supply constraints in strong Q4

The Associated PressFILE – A Puckett Machinery Company technician walks past a new heavy duty Caterpillar excavator that awaits modification at Puckett Machinery Company in Flowood, Miss. Sept. 18, 2019. ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic