Co-operative Bank to close Oswestry branch

The Co-operative Bank is to close its branch in Oswestry later this year.

Co-operative Bank to close Oswestry branch

Liam Coleman, director of retail and commercial banking, cited the increase in digital banking contributing to the firm's decision to close the Cross Street branch on May 3.

"We have always been very clear about the need to reduce the branch network to a size that is consistent with a smaller, sustainable bank as part of our business plan to turn the bank around," Mr Coleman said.

"These decisions are never easy but continuing to reduce our costs is necessary as we seek to restructure and modernise the bank and, unfortunately, this includes closing branches where the number of transactions has declined significantly, meaning it is no longer sustainable."

"Although, like all banks, we will need to keep our branch network under review as the switch to digital increases, this is the last stage of significant branch closures as part of the bank's transformation."

He added: "We have sought to keep the impact on our customers to a minimum and are writing to affected customers giving them advance notice about these changes and the alternative options available to them.

"Alongside online and mobile banking facilities, all closing branches are within three miles of a Post Office branch where customers can undertake most day-to-day transactions, and in many cases much closer."

This closure comes following HSBC closing several of its branches across the region in recent months. Chirk, Llanfyllin, Llanfair Caereinion and Ruabon are among those deemed no longer viable by HSBC.

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