Bank of Ireland Group is to wind down its subsidiary in the Isle of Man, Bank of Ireland (IOM) Limited, expecting it to close by August 31, 2014.
Following a strategic review, the Bank of Ireland Group announced it will close its Isle of Man branch in a year.
As a result of the decision the bank is no longer accepting any new customers or new deposits.
The bank has said that all customers will be contacted in the next few weeks with more details on how this will impact them.
