TSB to close another 36 bank branches and axe 250 jobs – full list of locations affected

A MAJOR banking group is closing 36 branches and cutting hundreds of jobs.

TSB‘s latest announcement follows the closure of nine sites in 2023.

The bank will axe 250 jobs in the fraud operations department, central operations as well as those in the branches earmarked for closure.

The latest round of closures will start in September, and continue through to May next year.

A TSB spokesman said: “The decision to close a branch is never taken lightly, but our customers are now doing most of their banking digitally, and we need to move to a better balance of digital and face-to-face services.

“We remain committed to a national branch network and through innovation and integration with video, telephone, digital, branch and other face-to-face services TSB customers have more ways to bank with us than ever before.”

The following locations are set to close in September 2024:

• Alloa
• Bedworth
• Birmingham, Pype Hayes
• Bridlington
• Buxton
• Carmarthen, Blue Street
• Cwmbran, General Rees Square
• Dovercourt
• Edinburgh, Leith
• Felixstowe
• Frome
• Glasgow, Cardonald
• Glasgow, Castlemilk
• Haddington
• Hounslow
• Lerwick
• Leven
• London, Bethnal Green
• London, Clapham
• Longton
• Manchester, Middleton
• Newcastle Upon Tyne, Milvain
• Peterhead
• Sheerness
• Stornoway
• Torquay, St Marychurch
• Whitehaven

The following are set to close in May 2025:

• Amble
• Aylsham
• Banff
• Bedlington
• Bude
• Crook
• Flint
• Tenbury Wells
• Whitchurch

Today’s announcement came on the same day the owner of TSB Bank said rival Spanish bank BBVA had refused to raise its offer to buy the business after Banco Sabadell rejected its £10.3 billion offer.

TSB will have 175 branches across the UK after the latest round of closures.

We’ll update the story once TSB confirms the list of branches affected.

Back in September 2020, the bank said that it would close 164 branches, resulting in 900 job losses.

In November 2021, it announced plans to close 70 more bank branches, leaving 150 people without jobs.

The closures come as big banks look to move more of their services online.

Other big lenders have also been shutting their branches in droves, including HSBC, NatWest, Lloyds, Virgin Money and Halifax.

The closures are largely due to increased customers at major high street banks shifting to banking online and using apps.

Many people, particularly the elderly, still rely on in-person services, and the closures will make it more difficult for this demographic to access services.

However, there are still several ways in which affected customers can access basic banking services without having to venture to the next town.

You can use one of the Post Office’s 11,635 branches to perform basic banking tasks, but you cannot open new bank accounts or take personal loans and mortgages.

Many banks also offer a mobile banking service. This is where your bank brings a bus to your local area with the services usually available at your branch.

You should call your bank to see if it runs a banking bus, and they will be able to tell you where and when it will be parked.

Other banks use buildings such as village halls or libraries to offer mobile banking services.

Banking hubs which offer traditional shared services have also been set up.