Halifax-owned Birmingham Midshires is closing 47 of its 113 building society branches.
All seven branches in the south-east and London will shut.
Halifax had pledged not to force closures for three years during the takeover last year.
Financial Times 23/06/00 page 2
The Daily Telegraph 23/06/00 page 37
The Times 23/06/00 page 27
The Independent 23/06/00 page 23 (The Investment Column)
The Guardian 23/06/00 page 23