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Gloucestershire Business News

TSB to close five Gloucestershire branches

High street bank TSB has announced that it plans to close 164 of its branches across the UK and cut 960 jobs.

Blaming the decision on "a significant shift in customer behaviour" as more customers use online banking services, the figure is in addition to the 82 branches already set to close in November.

By the end of 2021, the announced closures will mean that TSB will have 290 branches open - a drop from 475 currently.

Yesterday the bank said that sites with the lowest footfall will be the first to go.

Further information released today confirms that five Gloucestershire branches are set to go - specifically those in Hucclecote, Bishops Cleeve, Cinderford, Dursley and Wotton Under Edge.

Branches in the centre of Gloucester, Cheltenham, Tewkesbury and Quedgeley are set to remain open.

It hopes most job cuts will come from voluntary redundancies and added that the move would also create 120 new positions.

TSB boss Debbie Crosbie said: "Our customers are banking differently - with a marked shift to digital banking."

"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 UK."

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