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Full list of TSB branches to close, with loss of 900 jobs

TSB is to shut 164 sites - more than a third of its current network - and will announce affected branches this afternoon

TSB to close 164 branches and cut 900 staff

More than 900 jobs will be lost as high street bank TSB announced plans to shut more than a third of its branches.

The bank will shut 164 sites, with locations of the branches due to be announced this afternoon.

The moves - which will mean TSB will have more than halved its estate over the past seven years - have come with the Spanish-owned bank saying the cuts have been driven by a “significant shift in customer behaviour”, as fewer customers use branches in favour of online banking.

The company has previously said it intended to reduce the size of its branch network but has now accelerated plans amid the pandemic.

It will leave the bank with 290 branches, more than halving its store estate over the past seven years.

Debbie Crosbie, chief executive of TSB, said: “Closing any of our branches is never an easy decision, but our customers are banking differently - with a marked shift to digital banking.

“We are reshaping our business to transform the customer experience and set us up for the future.

“This means having the right balance between branches on the high street and our digital platforms, enabling us to offer the very best experience for our personal and business customers across the 海角视频.