HSBC to shut three branches in Suffolk

The banks in Woodbridge, Stowmarket and Newmarket will all close later this year

Author: Matt SoanesPublished 15th Mar 2022

HSBC is to shut 69 of its branches later this year including three in Suffolk.

The Stowmarket branch will close its doors for the final time on August 18. The Woodbridge branch is shutting a week later, on 25 August.

The Newmarket HSBC will close on September 8.

The move comes a year after the banking gaint accounced the closure of 82 other branches.

The company says 400 staff will be affected, and it hopes to move them to similar positions at other local branches.

Jackie Uhi, head of HSBC UK's branch network, said: "The way people bank is changing - something the pandemic has accelerated.

"Our branches continue to support people with their more complex banking needs, but the way we can do this has also evolved, with the addition of banking hubs, community pop ups and continued use of the Post Office network.

"Rather than a one-size-fits-all branch approach, it's an approach built around the way different customers are choosing to bank in different areas."