max temp: 16°C

min temp: 15°C


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

18:29 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 and one in Colchester 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.

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 and in High Street, Colchester.

The Co-operative Bank branches in both towns will continue to operate, as will the Britannia branches in Queen Street and Woodbridge Road East in Ipswich.

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.

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.


1 comment

  • Cut 70 million in costs ? I expect a large amount of this is staff wages and not having to pay building rent. I doubt the staff will be redpoyed within the business.

    Report this comment

    the opinion man

    Thursday, January 24, 2013

Bea the cat is recovering well

A cat has been found collapsed on an Ipswich doorstep 10 days after suffering serious neck injuries caused by its own collar.

Crown Pools in Ipswich, where a man reportedly exposed himself on Saturday.

A man has reportedly twice exposed himself to girls in the changing rooms of an Ipswich swimming pool.

Police are investigating the robbery.

A man was assaulted and threatened during a robbery in Ipswich on Saturday night.

Heart FM DJ Dave Taylor during the charity busking session on the Cornhill in Ipswich where he was accompanied by his producer Nick mellamphy and students from Ipswich High School for Girls.

Heart FM breakfast DJ Dave Taylor took on a charity challenge with a difference this afternoon – learning to busk classic songs with the help of high school students.

Police have cordoned off an alleyway between Blanche Street and Christchurch Street in Ipswich after a man was stabbed.

Police are hunting for three men after a man was stabbed in the chest in Ipswich last night.

Abellio Greater Anglia

Trains running between Essex and Suffolk and the capital face delays, alterations and cancellations due to a defective piece of track at Harold Wood.

The crash happened on the A14 westbound between Stowmarket and Woolpit.

Motorists have escaped injury during two crashes on the A14 today.

Dan Poulter with employees at B&Q

A Suffolk MP has said he will do what he can to try and prevent a B&Q store closing down with the potential loss of around 100 jobs.

Julian King and Ian Lea talk about custom bikes at the Copdock Motorcycle Show.

There was something for all motorcycle enthusiasts at Trinity Park over the weekend as a popular event returned for its 24th year.

Urban caterer chef, Simon Daniels cooking the goumet burger at K Bar and Grill, St Nicholas Street, Ipswich.

We all love a good burger, so we’ve picked out some of our favourites from across Suffolk.

Most read

Most commented

Topic pages