United Kingdom
Northern Ireland;
Location of affected unit(s)
Antrim, Andersonstown, Armagh, Banbridge, Cookstown, Derry, Downpatrick, Belfast, Knock, Magherafelt, Newtownards, Portadown, Strabane, Warrenpoint
Financial Services
Financial And Insurance Activities
Financial Service Activities, Except Insurance And Pension Funding
64 - Financial service activities, except insurance and pension funding

130 jobs
Number of planned job losses
Job loss
Announcement Date
22 February 2017
Employment effect (start)
30 June 2017
Foreseen end date
4 August 2017


First Trust Bank has announced that 130 jobs will be lost as it closes 15 of its branches in Northern Ireland by August 2017. The closures are part of a 'reshaping and investment programme'. First Trust Bank is owned by Dublin-based Allied Irish Banks. The company promised that employees affected by the closures will be included in the Bank’s existing voluntary severance programme. Larry Broderick, General Secretary of the Financial Services Union (FSU) said the Union will ensure that all staff departures will be voluntary, as outlined in their current agreement with First Trust Bank.



Eurofound (2017), First Trust Bank, Closure in United Kingdom, factsheet number 90363, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/90363.