Virgin Money, Yorkshire Bank and Clydesdale Bank to close 52 branches: Full list

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.

The banking group said the closures reflect the way that customers are using services now, with more now opting for online banking in favour of using traditional bank branch services.

Virgin Money has said that it would find alternative roles for staff whose jobs are at risk, either within other stores locally, or elsewhere in the group, wherever possible.

Clydesdale and Yorkshire Bank (CYBG) paid £1.7 billion for Virgin Money in 2018 in an effort to get a foothold so it could challenge competitors, with the company now rebranded as Virgin Money. At the time of the merger, the banking group warned that around 16 per cent of the combined workforce could be cut, amounting to 1,500 jobs losses across the group. The 500 roles that are now to be cut are part of this restructuring plan.

Virgin Money said the branch closures would enable the bank to ensure it has a network that is “fit for the future”, and is reflective of how customers want to use its services.

The number of customers who want to use branches for day-to-day banking services has been falling for several years across all banks, according to Virgin. The banks said approximately 280,000 cheques were deposited by the bank’s mobile app last year, rather than in branches.

In a statement, Lucy Dimes, group business transformation officer, said: “The decision to close branches is never taken lightly.

“The changes announced today are focused on consolidating branches where there is another Clydesdale Bank/Yorkshire Bank/Virgin Money location within half a mile, as well as closing a number of branches to reflect changes to customer demand.”

The closure of branches will begin in late May this year.

We've put together a full list of the banks due to close this year:

Clydesdale Bank​

• Crieff – West High Street
• Dingwall – Park House
• Dumbarton – High Street
• Dyce – Victoria Street
• Edinburgh – Bankhead Avenue, Sighthill
• Wishaw – Stewarton Street

Yorkshire Bank

• Birkenhead – Princes Pavement
• Bridlington – Queen Street
• Brighouse – Bradford Road
• Cannock – Market Place
• Gloucester – Northgate Street
• Leeds – Harehills Lane
• Morley – Queen Street
• Pontefract – Ropergate
• Sheffield - Lound Side, Chapeltown
• Warrington – Buttermarket Street
• Wombwell – High Street
• Worksop – Bridge Street

Virgin Money

• Gateshead – Interchange Centre
• Giffnock – Fenwick Road
• Low Fell – Durham Road
• South Shields - Prince Edward Road

We've also put together a full list of banks that will consolidate in the next 12 months:

Clydesdale Bank

• Glasgow – Queen Street

Yorkshire Bank

• Hull – Prospect Centre
• Leicester – Horsefair Street
• Peterborough – Church Street
• Sheffield – Fargate
• Sunderland – Blandford Street

Virgin Money

• Aberdeen – Union Street
• Birmingham – Temple Street
• Bolton – Bradshawgate
• Carlisle – Devonshire Street
• Coventry – Hertford Street
• Darlington – High Row
• Derby – Corn Market
• Dundee – High Street
• Edinburgh – Castle Street
• Edinburgh lounge – St Andrew Sq
• Hartlepool – York Road
• Kendal – Stricklandgate
• Leeds – Briggate
• Manchester – Princess Street
• Middlesbrough – Linthorpe Road
• Newcastle – Market Street
• Norwich – Castle Street
• Nottingham – Beastmarket Hill
• Oldham – Yorkshire Street
• Preston - Fishergate
• Stockport – Great Underbank
• Stockton – Dovecot Street
• Sunderland – The Bridges
• York – New Street