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Midshires is shutting down on the high street

Birmingham Midshires is scrapping its high-street branches in a phased programme to be completed by next March.

The company will close 48 of its 67 branches while the remaining 19 will become Halifax-branded.

Customers will be given the option of banking at their nearest Halifax branch. Those still wanting branch access may use any of the 1,100 Halifax and Bank of Scotland branches.

The 470 branch staff will be offered alternative roles in the company or in the wider Halifax branch network.

The move is part of BM’s strategy to become a leading direct mortgage and savings provider, with all its mortgage business now conducted through direct and intermediary channels.

Birmingham Midshires managing director Nigel Stockton says: “This is the right dec- ision for BM and its customers. The majority of our customers, who do not require a branch service, will be able to operate their accounts by phone, post or internet.”

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