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Northern Rock to quit Guernsey

Following a strategic review of its commercial operations, the Board of Northern Rock plc has decided that it will close its banking operation in Guernsey.

Written notification has been sent to all customers of Northern Rock (Guernsey) Limited to advise them of the process required to close their accounts in full.

A three month notice period has been provided to ensure customers have adequate time, in order to make arrangements for closure of their account by 2 September 2010.

Additional deposits can be made into existing accounts (e.g. via Standing Order) until close of business on 2 July 2010.

Any payment received after this date will be returned to the sender. Automated payments should be cancelled before this date.