Santander buys TSB - use our map to see if your local branch is at risk
Santander is buying rival bank TSB - and our map reveals the two-bank towns which could now be most at risk of branch closures.
Analysis of company data shows that there are at least 70 towns and city centres around the UK where both banks currently operate branches less than a mile apart.
In Bolton there are Santander and TSB branches right next door to one another in the town's main Deansgate shopping area.
Many other town centres currently have a TSB branch just a short walk away from a Santander competitor, raising fears that they may be first in line for closure under the merger.
The £2.65 billion deal which Santander has agreed to acquire the TSB Banking Group could eventually see the TSB name disappear from the High Street.
TSB - originally known as Trustee Savings Bank - has served the nation's banking needs for well over 200 years.
The bank was founded in a village near Dumfries in 1810, but Dumfries is among the locations where the TSB branch is just a minute's walk away from a Santander outlet.
The deal depends on approval from Sabadell's shareholders and the UK regulator, but if it does go ahead, Santander says it 'intends to integrate TSB in the Santander group'.
This could mean the remaining TSB branches rebranded as Santander - although nothing has been confirmed yet. Santander has not yet revealed if there will be any closures.
Our analysis identified 70 locations where both banks currently compete for customers with Bolton the closest branches. It was only three years ago that TSB opened its branch on Deansgate right next door to the town's Santander.
Over the border in Scotland, in Kilmarnock, just three other shops and an alleyway separate the TSB from the Santander on King Street.
And in Hamilton Gate, Greenock, branches of TSB and Santander are both contained within the Oak Mall Shopping Centre. You can use our map to see what the takeover might mean for your high street.
The takeover comes at a time when more banks are closing than ever before.
Since 2022, when a voluntary agreement saw the major banking groups commit to assessing the impact of every closure, almost 2,000 branches have vanished from UK high streets, including branches of TSB and Santander.
Just a few months ago, Santander announced it was closing 95 of its branches from June.
Commenting on what the takeover might mean for UK customers, Mike Regnier, CEO of Santander UK, said: 'This is an excellent deal for customers combining two strong and complementary banks, creating one of the most substantial banks in the UK and materially enhancing the competitiveness of the industry.
'At Santander UK we have momentum in our strategy to become the best bank for customers in the UK by investing in technology and service and improving our processes and efficiency.
'This deal accelerates our transformation allowing us to enhance our customer proposition and invest more in innovative products and our digital offering, supported by the human touch service so many appreciate, not least in our new branch formats and enhancements across the country.'
List of towns that have branches of TSB and Santander
Aberdeen
Aberystwyth
Barnstaple
Bedford
Berwick-upon-Tweed
Beverley
Blackpool
Bolton
Bootle
Bradford
Brighton
Bristol
Burton-on-Trent
Cardiff
Cheltenham
Chorley
Crawley
Doncaster
Dumfries
Dundee
Dunfermline
East Kilbride
Edinburgh
Elgin
Exmouth
Greenock
Grimsby
Harrow
Hereford
High Wycombe
Ilford
Inverness
Ipswich
Irvine
Keighley
Kilmarnock
Kings Lynn
Leeds
Liverpool
London, Cheapside
London, Tottenham
London, Hammersmith
Milton Keynes
Minehead
Morpeth
Newcastle upon Tyne
Newport
Norwich
Nottingham
Paisley
Perth
Peterborough
Plymouth
Portsmouth
Preston
Rawtenstall
Reading
Rutherglen
Stirling
Stranraer
Sunderland
Swansea
Swindon
Thurso
Tunbridge Wells
Wallington
Walsall
Warrington
Wolverhampton
York
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