Santander's plan to buy TSB for 2.65 billion pounds ($3.61 billion) and boost its position in the UK came together only a few weeks ago, after the Spanish bank had been considering a possible exit from Britain,

People are fearing that more banks may close in Devon as banking giant Santander is on the brink of buying rival TSB. Towns in Devon where there is a TSB and Santander still remaining could now be most at risk of further branch closures.

A major high street bank could vanish from UK high streets after Santander agreed to buy it for £2,650,000,000. TSB, which was previously part of Lloyds, has around 175 branches in the UK and approximately five million customers.