Virgin Money, Yorkshire Bank and Clydesdale Bank are to close a total of 52 branches within the next year.
Of that figure, 22 Virgin Money branches will be closed under the company’s restructuring plans, with a further 30 that will be merged over the next 12 months.
Virgin Money revealed plans to close a number of its branches in 2020, alongside a consolidation of 30, following a merger with Clydesdale and Yorkshire Bank back in 2018.
The bank is to close 12 Yorkshire Bank branches, six Clydesdale Banks and four Virgin Money locations as part of its restructure. The closures will see around 500 full-time equivalent roles cut across the business, including 215 in-branch positions.