Cleethorpes

Lincolnshire Santander branches among 140 to close

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Spanish-owned Santander bank has announced it will shut 140 UK branches, including two from its Lincolnshire network.

It has put the cuts down to “changes in how customers are choosing to carry out their banking”.

The move will put 1,270 jobs at risk, but the brand plans to redeploy a third of that number.

Santander will keep 614 branches open.

Bosses added that account holders will also be able to use one of over 11,000 UK Post Office branches instead.

On the list of branches outlines for closure are two in the Greater Lincolnshire area:

  • Cleethorpes, St Peters Avenue – July 4
  • Gainsborough, Market Street – June 13

Susan Allen, Santander’s head of retail and business banking, said: “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.”

The company said the number of transactions made in its branches has fallen by 23% over the past three years, while transactions via digital channels have grown by 99% over the same period.

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