TSB to shut a third of its branches

TSB is offering staff other opportunities across the bank. (Image: Google)

Mon, 07 Aug 2023

TSB Bank will shut a third of its branch network as the country’s seventh-biggest lender by assets adapts to a growing customer appetite for online transactions. The New Plymouth-based lender started a consultation process in June, proposing changes to streamline and simplify the business, and today said it’s kicking off a range of changes. That includes closing seven of its 21 branches: Ōpunake and Eltham in Taranaki, Newmarket and NorthWest in Auckland, Napier, Nelson and Palmerston North. It will keep a Hastings branch...

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