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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Motorsport legend is currently paralysed after breaking her back
Warmer than average May for Island
239 hours of sunshine recorded in the month
Manx BirdLife awarded funding for new warden
Over £28,000 provided by Dormant Asset Fund
Increased DfE support 'to tackle rising costs and global pressures'
Expanded eligibility and increased funding for support schemes
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Incident saw Tholt-Y-Will backroad closed for several hours