22 March 2023

HSBC UK provides update on branch network plans

Following the announcement of HSBC UK’s plans for its branch network in 2023, the bank can now provide an update on some of the closure dates for branches where dates have changed.

Oakham – Original closure date set for 20th June. Following a review by LINK which recommended a Banking Hub be established in Oakham, the branch closure has been paused until the Banking Hub is in place.

Ripley – originally set to close on 25th July, now timing for closure is ‘date TBC’ while a deposit solution is put in place.

Colwyn Bay – originally set to close on 15th August, now timing for closure is ‘date TBC’ while a deposit solution is put in place.

Tenby, Cowbridge and Oxted were originally designated as ‘date TBC’ and remain with that status while deposit solutions are put in place.

Settle, Epworth, Hythe and Holsworthy have moved from ‘date TBC’ to having a confirmed closure date of 5th September 2023, as there was either no recommended action, or the suggested solution will be in place.

Media enquiries to:

HSBC UK Media Relations:

Steve Gracey: steve.gracey@hsbc.com / 020 7991 4118
Email: UKPressOffice@hsbc.co.uk

Notes to editors:

  1. A list of the branches designated for closure and refurbishment can be found here.
  2. Following the closures, HSBC UK will have a branch network of 327 branches.
  3. HSBC UK and other UK banks have agreed to share services to ensure communities have fair access to cash. New shared services will complement other industry initiatives to support cash and banking and rolled out alongside free ATMs, enhanced Post Office services, and cashback without purchase. Shared banking hubs are set to be introduced in Acton, Axminster, Barnoldswick, Barton-on-Humber, Belper, Brechin, Brixham, Buckingham, Bury Park, Luton, Cambuslang, Carluke, Carnoustie, Cheadle, Clay Cross, Cottingham, Earlestown, Forres, Haslemere, Heywood, Hornsea, Horwich, Kilkeel, Kirkcudbright, Knaresborough, Looe, Lutterworth, Maryport, Oakham, Prestatyn, Rochford, Shoreham-by-Sea, Stapleford, Syston, Troon, Watton, Welling, Welshpool, Wootton Bassett.

HSBC UK serves over 14.75 million customers across the UK, supported by 24,000 colleagues. HSBC UK offers a complete range of retail banking and wealth management to personal and private banking customers, as well as commercial banking for small to medium businesses and large corporates.

HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 62 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,967bn at 31 December 2022, HSBC is one of the world’s largest banking and financial services organisations.