Santander to Close 23 Branches in June, part of Larger Plan to Close 95 UK Branches by September

Strategic Insights -

Santander has announced plans to close 23 branches across the UK in June, with three locations in Wales, 12 in England, five in Scotland, and three in Northern Ireland. The bank cited a shift towards digital banking as the reason for the closures, stating that 95 branches will be closed by September. The first closures will take place on Monday, June 16, with ten more branches set to close the following week and a final four closing on June 30. This is part of a larger plan to reduce the number of branches operated by the bank.

Key Takeaways:

  • Santander will close 23 branches in June, with three located in Wales, 12 in England, five in Scotland, and three in Northern Ireland.
  • The closures are part of a larger plan to close 95 branches across the UK by September.
  • The bank cited a shift towards digital banking as the reason for the closures.
  • 750 jobs are at risk of redundancy due to the closures.
  • The bank will spend time assessing the impact on customers and minimizing the impact of the closures.
  • The first closures will take place on Monday, June 16, with subsequent closures taking place throughout the month.
  • The exact dates for each branch closure are as follows:

+ Aberdare: June 24

+ Blackwood: June 23

+ Brecon: June 25

+ Clacton: June 16

+ Cleveleys: June 23

+ Croydon: June 16

+ Dungannon: June 23

+ Eltham: June 23

+ Fleet: June 30

+ Gateshead Metro: June 16

+ Glasgow LDHQ: June 24

+ Glasgow MX: June 23

+ Greenford: June 24

+ Kidderminster: June 18

+ Kilburn: June 17

+ Launceston: June 16

+ Louth: June 17

+ Magherafelt: June 24

+ Musselburgh: June 30

+ Peterhead: June 16

+ Portadown: June 30

+ Swadlincote: June 30

+ Torquay: June 17

Statistics:

  • 23 branches will be closed in June
  • 95 branches will be closed by September
  • 750 jobs are at risk of redundancy
  • 65% of the UK population (over 44 million people) live within 3 miles of a Santander branch (Source: Santander website)
  • 70% of Santander customers use online banking (Source: Santander website)

Sources:

  • Santander website
  • BBC News