LAUNCESTON is set to lose yet another bank after Santander announced the closure of 95 branches across the country.

In the most recent swathe of bank branch closures, Launceston is losing one of its last banks as Santander has named it within a list of nearly 100 branches across the country which will be facing closure.

The town’s bank, which is based on Broad Street will be closing its doors on June 16, 2025.

The closure comes following a branch review which found that 90 per cent of branch customers already use a variety of ways to do their banking. 71 per cent of branch customers use online, mobile or telephone banking services, and 19 per cent of branch customers also use another Santander branch.

A spokesperson from the organisation said: “We’re aware of the impact of this decision, and will be here for you in person until this branch closes.”

The news comes only months after it was announced that the town would also be losing its Halifax and Lloyds branches, now leaving the town with only one mortar bank.

Santander’s review cites Launceston’s proximity to other branches, directing customers to its Liskeard and Plymouth branch, more than 15 miles away.