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.
Clip 1
Voters go to the polls for Manx General Election
82 candidates seeking House of Keys position
Upgraded CCTV for Ramsey to be funded by criminal cash
Authority believes it will help town 'stay ahead of the curve'
Public counters closed due to staff shortages
Passport, immigration and nationality services affected
Church service wants people to think more about impact of disabilities
Promenade Methodist Church event focussing on hearing and sight loss this weekend