The Co-operative Bank plc

The Guernsey Financial Services Commission notes the commercial decision made by The Co-operative Bank plc to close its Guernsey branch as part of a corporate restructuring exercise. 

The Commission has been kept fully informed by The Co-operative Bank of its decision and the arrangements for closure, and we will maintain close contact with the Guernsey branch as it winds down its business.

Customers should take note of the advice offered to them by the Co-op and decide, in due course, to whom they wish to move their banking business. Over the next few weeks the Guernsey branch will write to all of its customers with further details on how the products specific to each customer will be dealt with during the closure process.