Second TSB bank closure in Grimsby area confirmed

By Grimsby Telegraph | Posted: 10 Feb 2017

The closure of a TSB bank in our area has today been confirmed.

The closure has been announced as part of a £250 million investment programme in branch and digital banking services which will leave Cleethorpes without a TSB bank, after Lloyds and TSB separated into two companies back in 2013.

The Grimsby Fiveways branch has a confirmed closure however the Grimsby Victoria Street branch will remain open. A spokesperson for TSB said the Victoria Street branch is just over a mile and a half away and has "better facilities and longer opening hours."

There will be no job losses as a result of the closures and all partners at Fiveways will be offered roles in other nearby branches.

The recent announcement follows the closure of a the TSB Bank in the Old Market Place, where plans to turn that premises into a bar were recently revealed.

TSB have said that the way people bank is changing and their investment programme about getting the balance right. In just two years, they have completed over 150 branch refits and refurbishments nearly 40 branches have received six-figure upgrades.

The bank has said they will continue to focus on upgrading the branches that people used the most but they do have quieter locations with fewer than 200 people a week. As a result of this, they have decided to close 29 branches and focus their investment on more popular locations.

The Distribution Director at TSB, Peter Navin, said: "We're different from some other banks. We love our branches and they are an important part of what TSB is here to do. People don't go today where they went 20 years ago and we are reacting to that with changes to our network and a major investment programme."

To find out where your nearest branch is, visit their online branch locator.

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