Get involved! Send your photos, video, news & views by texting EJ NEWS to 80360 or e-mail us
‘Bad news’ for town as bank quits high street
7:50am Thursday 22nd August 2013 in News
A MAJOR high street bank in Shipston will close later this year in a move which will also include the loss of its two cashpoints.
HSBC has confirmed its branch will shut on November 15 due to a significant fall in customer numbers.
The closure will leave just one cash machine in the town – outside Lloyds TSB – while customers wanting to go into a HSBC branch will have to travel to Stratford or Banbury.
Shipston district councillor Richard Cheney said it was "very bad news”.
"There has been a branch in Shipston for many years and it is very much part of our High Street," he said.
“Many local organisations use this branch to deposit large amounts of cash from fund-raising events and there is also the benefit of being able to talk to a real person face to face without having the problems associated with an expensive 12-mile trip to a neighbouring town."
Fellow district councillor Jeff Kenner said: “Shipston can ill afford to lose one of its two banks and two of its three cashpoints. Because Shipston is remotely situated, the impact of this closure will be much greater than a similar event in a larger town with good transport connections.”
Trev Trevethick, member of Stour United Businesses, said: “It’s obviously a strategy to revamp their business but it doesn’t help Shipston.
It shows the fragility of the town centre. Reducing any kind of service is not good.”
Town Mayor Ronnie Murphy added: “There’s still a lot of people who don’t go online or who just don’t wish to. It’s a great pity.”
A HSBC spokesman said: “We need to ensure that our branches are in the right locations for our customers and on occasions this means that we need to close a branch where customer footfall has fallen dramatically or there has been a shift in customer shopping patterns.
“We are working with the small number of customers who use the branch to help them reorganise their finances.”
An external cash machine is included in the Co-operative’s proposed £1.5 million expansion plans submitted to Stratford District Council last week.
HSBC closed its branch in Chipping Campden last November, leading to fears the town would not have a single cashpoint. However, a machine was retained.
Comments are closed on this article.