September 30, 2020 5.01 pm This story is over 54 months old

TSB bank closing two Lincolnshire branches

Skegness and Long Sutton banks to be shut
TSB is cutting more than 900 jobs.

TSB Bank will close 164 branches across the country this year and in 2021, including two in Lincolnshire.

The branches at West Street in Long Sutton, Spalding and on Roman Bank in Skegness will close some time in 2021 – see the full list here.

This means that the firm’s other Lincolnshire branches, including on Lincoln High Street, are safe.

TSB is making a total of 969 job cuts with 120 new operational roles being created, meaning there will be an overall net reduction of 849 roles.

Changes are being made across the branch network, in mortgages and customer service operation teams.

It is anticipated that the vast majority of the job cuts will be people who come forward for voluntary redundancy.

The branches earmarked for closure have been selected to ensure 94% of customers can travel in 20 minutes or less to a branch, TSB said.

Debbie Crosbie, Chief Executive of TSB, said: “Closing any of our branches is never an easy decision,  but our customers are banking differently – with a marked shift to digital banking.

“We are reshaping our business to transform the customer experience and set us up for the future. 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.

“We remain committed to our branch network and will retain one of the largest in the UK.”