Property News · April 8, 2017

Small towns seethe at bank closures, but others are plotting a new future


As Lloyds reveals plans to shut 100 banks, it is also trialling a new micro version. Meanwhile others are either championing the branch idea, or plotting its deathTudor cottages lining the waterside, Dutch gables and magnolias in flower – Topsham looks like a typically quaint and prosperous Devon seaside town. But its 4,000 residents and traders are unusually indignant – because they have been abandoned by the last bank in town.Quayside warehouses are now home to numerous thriving antiques dealers. But Beverley Cook, manager of a complex that houses 65 traders, says: “I’m horrified. We used to have a NatWest, but when the government said it would ensure every town would keep a bank branch, they closed down almost immediately. Lloyds were then the last one, and now they are going too. We moved our business to Lloyds when NatWest went. What are we supposed to do now?” Continue reading…

Source : theguardian.com
Read more…Small towns seethe at bank closures, but others are plotting a new future

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