HSBC's branch in Bishop Auckland is among 69 bank locations set to close in 2022.

The HSBC closures will take place in stints between July and September, leaving around 400 workers across the UK affected.

Bishop Auckland's HSBC branch will close in August 2022. 

It is the latest move in a flurry of closure announcements by the UK’s biggest banks and follows 82 previous HSBC closures in January 2021.

HSBC closures

HSBC said that less than 50 percent of its customers now regularly use it branch network, with footfall dropping sharply over the past five years.

A spokesman for the bank added that it hopes to redeploy all 400 staff to new roles within 15 miles of their homes.

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.”

Among closures in the North East, the Hartlepool branch will also close.

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