Wegelin, which was established in 1741, has also agreed to pay $57.8m (£36m; 44m euros) in fines to US authorities.
It said that once this was completed, it "will cease to operate as a bank".
The bank had admitted to allowing more than 100 American citizens to hide $1.2bn from the Inland Revenue Service for almost 10 years.
Thursday, January 03, 2013
BBC News - Swiss bank Wegelin to close after US tax evasion fine
BBC News - Swiss bank Wegelin to close after US tax evasion fine
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