Rain

Rain

max temp: 13°C

min temp: 12°C

Search

The pigs are coming. Find out more about

Pigs Gone Wild

here.

Ipswich: Co-operative Bank to close former Britannia Building Society branches

18:05 24 January 2013

The Britannia Building Society name is to be phased out under a rebranding programme by the Co-operative Bank

The Britannia Building Society name is to be phased out under a rebranding programme by the Co-operative Bank

TWO branches of the former Britannia Building Society in Ipswich are to close under plans announced by the Co-operative Bank today to reshape its network.

The bank, into which the Britannia was merged in 2009, is to close 37 branches in all and roll out a rebranding programme under which all Britannia sites will take on the Co-operative Bank identity.

However, the bank insisted that it was retaining a presence in all the towns affected, with other branches remaining open close by those due to shut, with the average distance to a branch remaining open being around half a mile.

The bank said the closures would lead to a total of 34 job losses, mainly at a managerial level, with the majority of the 188 staff employed at the affected sites being relocated to neighbouring branches.

Among those due to close are the Britannia branches in Felixstowe Road and Dale Hall Lane in Ipswich.

However, Co-operative Bank branch in Princes Street will continue to operate, as will the Britannia branches in Queen Street and Woodbridge Road East in Ipswich.

Besides its strong branch presence, Britannia also has links with the town as a provider of an affinity savings account run in partnership with Ipswich Town FC.

John Hughes, managing director of retail banking at the Co-operative Bank said the group would 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 £750million and will boost its branch network to nearly 1,000, also adding another 4.8m customers to its existing 6.5m customers.

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

However, Mr Hughes said the Co-op had sought to ensure a “staged and measured” integration following the deal.

0 comments

Enjoy a family day out at the Suffolk Show

Looking for ways to entertain the family during the school holidays? Here we bring you a round up of what is on in Ipswich, Bury St Edmunds and elsewhere in Suffolk, and into north Essex.

Aldeburgh. Photo: Mike Page Aerial

A Suffolk seaside town has been named one of the most expensive in the country.

Suffolk County Councillor Gordon Jones speaking at the e-safety conference at Wherstead Park

Suffolk has overtaken the national average in a number of key education standards, or is catching up at 
a faster rate, a new report has revealed.

The region’s ambulance service is still desperately short of its target for responding to the most serious medical emergencies, it’s latest figures have shown.

Kelly Dorward with her book. Photo: Nick Butcher

This is unexpected. I’ve made the writer of an erotic novel blush. Just a little, writes Steven Russell/

A new scheme to help troubled families is paying off in Suffolk.  Picture posed by model  Pic by Lucy Taylor

Suffolk County Council’s new policy on dealing with troubled families has shown significant success – and is set to continue until 2020.

Director Helen Wheatley and members of the UCS choir at rehearsals.

Singing out for a very good cause in Ipswich

Classic car event on the seafront at Aldeburgh. Frank Cox next to a 1964 Hillman Super Minx.

More than 50 classic vehicles were on display along the Aldeburgh seafront today.

Former Blues and England skipper Terry Butcher opens Bawdsey village fete and dog show.

Ipswich Town legend Terry Butcher was on hand to open a village fete in Suffolk yesterday.

Jasmine Nicholls (left) and Klaudia Sokolowska

Two teenage girls from the Lowestoft area have been reported missing to the police.

Most read

Most commented

HOT JOBS

Show Job Lists

Topic pages

Streetlife

Newsletter Sign Up

Great British Life

Great British Life
MyDate24 MyPhotos24