Treasury Minister Eddie Teare says he’s not worried by today’s announcement Isle of Man Bank is to close three branches.
The company says the move comes as the number of customers using banks drops – while at the same time more of us are banking online.
Mr Teare says the closures are in retail banking, and won’t affect confidence or the economy.
And he says it’s a natural process for many companies to go through as their industry changes:Clip 1
Researching your Manx family history can be a very interesting and rewarding hobby. Trace your roots in the Isle of Man with our helpful of guide.
