Britannia International is to close its Isle of Man base later this year with the loss of 31 jobs.
Owners, the Co-operative Bank, has announced the Island operation will be wound down over the course of 2014.
It says it’s part of a strategy to simplify its business.
Branches in Ramsey, Douglas and Port Erin will remain open until the middle of the year.
Chief Minister Allan Bell says it’s disappointing for customers and staff alike, although not unexpected.
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Teresa Cope 'an extraordinarily dedicated public servant' who wasn't pushed out of job, says Manx Care chair
Wendy Reid discusses circumstances around CEO's departure
Ramsey Minor Injuries Unit to reopen next week
Manx Care says urgent treatment and diagnostic support will return to Ramsey Cottage Hospital
Local pharmacist believes gap to GP's is "narrowing"
However, he says in-store professionals wont replace a doctor
Young farmer hopes to shine light on mental health
Thomase Cleator says isolation can have a big impact, especially amid ongoing industry challenges
Manx Care: Hospital pressures beginning to ease after OPEL 4 escalation
Elective procedures continue as services move back to OPEL 3 following "exceptional demand"