TSB to close quarter of branches in ‘another hammer blow’ to UK high street
TSB Bank is closing a further 70 branches – a quarter of its network – in a move described by campaigners as “yet another hammer blow” to the UK high street.
Fourteen months ago TSB had 475 branches, but these latest cuts – following a wave of previous closures in 2020 and this year – mean that by the end of June 2022 this number will have more than halved to 220.
TSB is the latest in a line of banks to announce it is slashing its network in response to what it said was a continuing decline in branch use and increasing numbers of customers switching to digital banking – a trend accelerated by the pandemic.
Its branches closing next year are spread across the country, from Thurso on the north coast of the Scottish Highlands to Exeter in Devon.
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