Is your local Santander closing down? Spanish-owned High Street banking giant will shut these 140 branches with more than 1,270 jobs at risk
- The bank said it was shutting branches due to the change in how customers carry out their banking
- It said it expects to be able to redeploy a third of the colleagues affected
- Number of transactions in Santander branches has fallen by 23% in last 3 years
Santander UK has announced that it is set to close 140 of its 754 branches (see list below) , putting 1,270 jobs at risk.
A number of city centre branches have been slated for closure, including the Birmingham New Street, Coventry High Street and Marylebone High Street branches.
The Spanish-owned banking giant said it had been force to reduce its branch network as customers had increasingly moved to digital banking.
Santander entered the UK market with the purchase of the Abbey National building society in 2004 for £9bn but the building society branches were not rebranded.
Santander said the number of in branch transactions has decreased by 23% in the last 3 years
The bank then bought Alliance & Leicester BS in 2008, followed by the Bradford & Bingley, which had been nationalised during the financial crisis.
These were all rebranded as Santander UK and by 2011 Santander had 1,200 branches across the UK – with multiple branches in most towns and cities.
It immediately embarked on a programme of branch closures that, as of last year, saw its branch network reduced to 754. After these closures it will stand at 614.
Santander today said that the number of transactions that have been carried out via Santander branches has fallen by 23 per cent over the past three years alone, while digital transactions have grown by 99 per cent over the same period.
Santander confirmed that it has consulted its trade unions on the proposed changes and is looking to find alternative roles for the colleagues affected, where possible.
It expects to be able to redistribute around a third of these colleagues and said it will closely be supporting them over the coming weeks as the consultation process takes place.
It is also looking to support customers of the closing branches to help find them other ways to bank, that will best suit their needs, including offering to help find them alternative branches.
Furthermore, it will provide individual support to assist customers who may not have tried digital or telephone banking previously and will also work closely with the local Post Office to raise awareness of the services available.
Susan Allen, Head of Retail and Business Banking, said: ‘The way our customers are choosing to bank with us has changed dramatically in recent years, with more and more customers using online and mobile channels.
‘As a result, we have had to take some very difficult decisions over our less visited branches, and those where we have other branches in close proximity.
‘We will support customers of closing branches to find alternative ways to bank with us that best suit their individual needs.
‘We are also working alongside our unions to support colleagues through these changes and to find alternative roles for those impacted wherever possible.
‘We continue to believe that branches have a vital role to play and we will be refurbishing 100 of our branches over the next two years.
‘We are confident that following these changes we will have the right branch network to serve our customers’ changing needs, and we expect the size of our network to remain stable for the foreseeable future.’
Below is a list of all the branch closures set to take place later this year and the date on which they are due to shut.
|Branch||Date of closure||Branch||Date of closure|
|Aberdeen George Street||07-Nov-19||Kirkcaldy High Street||13-Jun-19|
|Amersham||20-Jun-19||Leeds Street Lane||04-Jul-19|
|Ammanford||30-May-19||Leicester Evington Road||13-Jun-19|
|Antrim||30-May-19||Leicester Uppingham Road||09-May-19|
|Axminster||02-May-19||Liverpool Church Street||07-Nov-19|
|Bathgate George Street||25-Apr-19||Lymington||25-Jul-19|
|Belfast Newtownards Road||20-Jun-19||Manchester Cross Street||05-Dec-19|
|Berkhamsted||20-Jun-19||Marylebone High Street||16-May-19|
|Birmingham New Street||25-Jul-19||Monmouth||30-May-19|
|Birmingham Acocks Green||02-May-19||Morden||09-May-19|
|Boscombe Christchurch Road||13-Jun-19||North Shields||09-May-19|
|Brixham||30-May-19||Norwich St Stephens Street||12-Dec-19|
|Broadstone||09-May-19||Nottingham 2 Clumber Street||12-Dec-19|
|Burnley Briercliffe Road||27-Jun-19||Oakham||25-Apr-19|
|Clapham High Street||02-May-19||Pembroke||09-May-19|
|Clitheroe||25-Apr-19||Plymouth New George Street||05-Dec-19|
|Colchester Culver Street West||07-Nov-19||Queensway||25-Apr-19|
|Coventry High Street||07-Nov-19||Rayners Lane||04-Jul-19|
|Dorking||18-Jul-19||Selby Market Cross||16-May-19|
|Eastcote||25-Apr-19||Shrewsbury High Street||05-Dec-19|
|Edinburgh Leith Walk||09-May-19||Sidmouth||20-Jun-19|
|Edinburgh 194-196 Morningside Road||12-Dec-19||Skipton High Street||18-Jul-19|
|Egham||30-May-19||South Woodham Ferrers||02-May-19|
|Epping||06-Jun-19||Southend High Street||07-Nov-19|
|Glasgow Forge Shopping Centre||27-Jun-19||Troon||18-Jul-19|
|Glasgow Springburn Shopping Centre||20-Jun-19||Ulverston||30-May-19|
|Guildford High Street||12-Dec-19||Watford Harlequin Centre||07-Nov-19|