The central bank said it had tried in vain to preserve DSB Bank's operations through a consortium of ING (ING.AS), SNS Reaal (SR.AS), Rabobank (RABN
.UL) and the nationalised ABN AMRO (ABNNV.UL) and Fortis Bank Nederland (FORTH.UL).
The company, which is owned by the Dutch financial services group Rabobank (RABN
.UL), said that branches in Dundalk, Naas, Portlaoise, Carlow, Longford, Mallow and Bandon will close from January, with staff to be re-deployed at other premises.
ACCBank, the Irish unit of Netherlands-based Rabobank (RABN
.UL), has said that it has not applied to join the Irish government's bank guarantee scheme, reports Reuters.