London SE1 community website

TSB sets date for closure of Elephant & Castle branch

London SE1 website team

The TSB bank has told customers of its Elephant & Castle Shopping Centre branch that it will close down on 28 February 2020.

TSB sets date for closure of Elephant & Castle branch

Originally a Lloyds Bank branch, it became part of the merged Lloyds TSB and was then rebranded as TSB when the banks split again in 2013.

This week customers have received a letter from TSB announcing the closure of the branch on 28 February next year due to the redevelopment of the shopping centre.

"Whilst the redevelopment is an exciting opportunity for the area, I realise that this may be unwelcome news and moving out of the Elephant & Castle Shopping Centre is not something that we were planning to do," says TSB in its letter.

Customers are instead directed to TSB's Bermondsey branch at The Blue in Southwark Park Road, or the Peckham branch in Rye Lane.

News of TSB's departure follows Santander's closure just over a year ago.

If the shopping centre remains open after TSB has gone, the loss of the bank's two cash machines will be keenly felt by shoppers.

Plans for the redevelopment of the shopping centre are the subject of judicial review proceedings with a two-day hearing held at the High Court last month. A judgment is expected this month.

The SE1 website is supported by people like you
Related forum discussions
We are part of
Independent Community News Network
Email newsletter

For the latest local news and events direct to your inbox every Monday, you need our weekly email newsletter SE1 Direct.

7,000+ locals read it every week. Can you afford to miss out?

Read the latest issue before signing up

News archive from February 1999 to January 2001
Got a story for us?
Contact us with your tip-offs and story ideas.