TSB plans to close 70 branches in 2022, including the Cirencester branch located at 37 Market Place which is due to shut on June 14.

The news comes as more customers opt to switch to online banking.

This change will mean there are 150 fewer jobs but staff who work at the branches that will be affected will be found work elsewhere within the bank.

The business said that at the end of June 2022, it would have 220 branches left compared to its 290 today.

Having said this, TSB will still have the country’s seventh largest branch network.

Wilts and Gloucestershire Standard: A man uses a TSB cash machine in Ashford, Kent (Gareth Fuller/PA)A man uses a TSB cash machine in Ashford, Kent (Gareth Fuller/PA)

Other branches in the West Midlands will also close, including the Worcester on Mealcheapen Street which will close on June 21 and the Solihull branch on Poplar Road will close on June 1 next year.

TSB chief customer officer Robin Bulloch said: “Closing branches is an incredibly difficult decision to take, but we have to respond to the changes in the way people bank and provide the right mix of services for all our customers now and into the future.

“These changes allow us to maintain an extensive branch presence across the country. They are accompanied by a significant investment programme to upgrade branches to better suit customer needs.

"And, where it takes longer to get to the nearest branch, we will introduce more ‘pop-up’ services in communities.”