Britannia to disappear from high street as Co-op bank closes 37 branches

 

The Co-operative Bank today announced plans to close 37 branches and confirmed it will roll out a rebrand that will see the Britannia name disappear from the high street.

Branches are being shut where there is another close by - on average within half a mile and in some cases next door to each other - as part of an overhaul following its merger with Britannia building society in 2009.

But the group stressed a presence will be kept in towns and cities where branches are being closed.

The move will lead to 34 job losses, largely at a managerial level, while the bulk of the 188 staff employed across affected banks are being relocated to neighbouring branches.

John Hughes, managing director of retail banking at The Co-operative Bank, confirmed the group will rebrand all Britannia branches under the Co-operative Bank banner by the end of 2013, marking the end of the society's history that dates back to 1856.

The Co-op will have just over 300 branches following the closures, but it is poised to buy more than 630 that are being offloaded by Lloyds Banking Group to appease EU rules on state aid.

Its deal with Lloyds is worth up to £750 million and will boost its branch network to nearly 1,000, adding another 4.8 million customers to its existing 6.5 million base.

The group has cut around £70 million in costs following the Britannia merger in August 2009 and had originally planned a three-year integration to combine the businesses.

But Mr Hughes said the Co-op had sought to ensure a "staged and measured" integration following the deal.

The following branches are being closed:

Bristol (Galleries) - Britannia

Bristol, Parkway - Britannia

Ipswich, Felixstowe Road and Dale Hall - Britannia

Crewe, Nantwich Rd - Britannia

Alderley Edge - Britannia

Torquay, St Marychurch - Britannia

Exeter St Thomas - Britannia

Ealing - Britannia and Co-operative branches merging

Stafford - Britannia and Co-operative branches merging

Bradford - Britannia

Bridgend - Britannia

Colchester - Britannia

Derby - Britannia

Gloucester - Britannia

Newport - Britannia

Northampton - Co-operative

Peterborough - Britannia

Portsmouth - Co-operative

Preston - Britannia

Romford - Britannia

Stockport - Britannia

Southampton - Britannia

Warrington - Britannia

Wigan - Britannia

Wolverhampton - Britannia

Holborn - Co-operative

Macclesfield - Co-operative

Leicester - Britannia

Newcastle Upon Tyne - Britannia

Belfast - Britannia

Chesterfield - Britannia

Hull - Britannia

Lincoln - Britannia

Luton - Britannia

Southend - Britannia

Wood Green - Britannia

PA

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksA celebration of British elections
  • Get to the point
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Claims Administrator

£16000 - £18500 per annum: Recruitment Genius: This is an excellent opportunit...

Recruitment Genius: Senior SEO Executive

£24000 - £28000 per annum: Recruitment Genius: A Senior SEO Executive is requi...

Recruitment Genius: Online Customer Service Administrator

£16000 - £18000 per annum: Recruitment Genius: An Online customer Service Admi...

Recruitment Genius: Digital Marketing Executive

£18000 - £22000 per annum: Recruitment Genius: This global, industry leading, ...

Day In a Page

Fishing for votes with Nigel Farage: The Ukip leader shows how he can work an audience as he casts his line to the disaffected of Grimsby

Fishing is on Nigel Farage's mind

Ukip leader casts a line to the disaffected
Who is bombing whom in the Middle East? It's amazing they don't all hit each other

Who is bombing whom in the Middle East?

Robert Fisk untangles the countries and factions
China's influence on fashion: At the top of the game both creatively and commercially

China's influence on fashion

At the top of the game both creatively and commercially
Lord O’Donnell: Former cabinet secretary on the election and life away from the levers of power

The man known as GOD has a reputation for getting the job done

Lord O'Donnell's three principles of rule
Rainbow shades: It's all bright on the night

Rainbow shades

It's all bright on the night
'It was first time I had ever tasted chocolate. I kept a piece, and when Amsterdam was liberated, I gave it to the first Allied soldier I saw'

Bread from heaven

Dutch survivors thank RAF for World War II drop that saved millions
Britain will be 'run for the wealthy and powerful' if Tories retain power - Labour

How 'the Axe' helped Labour

UK will be 'run for the wealthy and powerful' if Tories retain power
Rare and exclusive video shows the horrific price paid by activists for challenging the rule of jihadist extremists in Syria

The price to be paid for challenging the rule of extremists

A revolution now 'consuming its own children'
Welcome to the world of Megagames

Welcome to the world of Megagames

300 players take part in Watch the Skies! board game in London
'Nymphomaniac' actress reveals what it was really like to star in one of the most explicit films ever

Charlotte Gainsbourg on 'Nymphomaniac'

Starring in one of the most explicit films ever
Robert Fisk in Abu Dhabi: The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers

Robert Fisk in Abu Dhabi

The Emirates' out-of-sight migrant workers helping to build the dream projects of its rulers
Vince Cable interview: Charging fees for employment tribunals was 'a very bad move'

Vince Cable exclusive interview

Charging fees for employment tribunals was 'a very bad move'
Iwan Rheon interview: Game of Thrones star returns to his Welsh roots to record debut album

Iwan Rheon is returning to his Welsh roots

Rheon is best known for his role as the Bastard of Bolton. It's gruelling playing a sadistic torturer, he tells Craig McLean, but it hasn't stopped him recording an album of Welsh psychedelia
Morne Hardenberg interview: Cameraman for BBC's upcoming show Shark on filming the ocean's most dangerous predator

It's time for my close-up

Meet the man who films great whites for a living
Increasing numbers of homeless people in America keep their mobile phones on the streets

Homeless people keep mobile phones

A homeless person with a smartphone is a common sight in the US. And that's creating a network where the 'hobo' community can share information - and fight stigma - like never before