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
RPU will be 'out in force' to stop drink and drug drivers
16 people arrested since start of annual campaign
Ramsey Commissioners to spend more than £8k on deckchairs and storage unit
The local authority is hoping to cover the cost with a government grant
How to spot the signs of domestic and elder abuse this Christmas
Pressures of season can increase risk of harm to those in abusive situations
Police appeal to parents after party of up to 50 young people 'becomes an issue'
Officers say despite all being 'young once too', party got out of hand