Troubled Bank of Ireland will close its Guernsey branch and all operations and accounts will be moved to the Isle of Man.
The move is been carried out for 'business reasons' following a review of its operations and will be effective from 11 March.
Guernsey already operates as a branch office of Bank of Ireland Isle of Man and the firm says customers with accounts at the Guernsey branch will see 'very little change' to their service and account operation.
A statement from Bank of Ireland says: "We are very keen to retain your business but appreciate you may wish to review your options following our decision.
"Our staff in both offices are also available to assist with any queries or issues you may have."
Guernsey branch customers can continue to operate their account from the Isle of Man office by post or telephone and account terms and conditions will remain unchanged.
Alternatively, they can close their account and the balance and accrued interest will be repaid without penalty to a bank account. However, if accounts are not closed before the end of business on 11 March, accounts will be transferred to the Isle of Man office.
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