The Cheshire towns where bank branches have been lost or are set to close

Several bank closure announcements have been made over the past year

A number of Cheshire bank branch closures have been announced over the past 12 months.

Lloyds, HSBC, Barclays, TSB and The Royal Bank of Scotland have all either shut or are set to close branches across the county.

The banks’ reasons for the closures have generally been put down to fewer customers and the growth in online banking.

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However, this has not meant that everyone has been happy to accept the closures, with many communities angry at losing their last remaining branches.

Here are the towns that have lost branches over the past year:

Knutsford

Lloyds Banking Group closed its branch on Princess Street in Knutsford on July 6 this year. Lloyds said during its announcement back in March that there had been a 27 per cent rise in people using banking apps over the last two years since the beginning of the pandemic, as well as a 12 per cent increase in people using its online system. This adds up to 18.6 million regularly banking online and 15 million using the app.

Lloyds Banking Group’s retail director Vim Maru said: “Just like many other high street businesses, fewer customers are choosing to visit our branches. Our branch network is an important way for us to support our customers, but we need to adapt to the significant growth in customers choosing to do most of their everyday banking online.”

Ellesmere Port

In March this year, HSBC confirmed it was shutting 69 branches across the UK. This included Ellesmere Port’s branch on Whitby Road, which will permanently shut on September 15.

In a statement, HSBC revealed that less than 50 per cent of its customers now bank physically in branches, with footfall falling sharply over the last five years. A spokesperson for the bank said it hoped to redeploy the 400 workers to new roles within 15 miles of their home.

Congleton

It was confirmed in June that this Cheshire town was set to lose one of its few remaining banks. Barclays announced it would be closing its branch on High Street in Congleton in September.

Confirming the closure, a spokesperson for Barclays stated that the decision was made due to more and more customers moving to online banking. It has seen a 59 per cent reduction in counter transactions in the two years to March 2020.

Sandbach

In July, another Cheshire bank branch announced that it was set to permanently shut. Lloyds Bank’s Sandbach branch will close its doors for good on December 5 this year.

Confirming the closure of the Sandbach bank on Hightown, Lloyds said the decision had been taken because customers were ‘using it less often’. As part of an ‘in-depth’ branch review, it also said that 83% of its customer had also used other Lloyds Bank branches, internet banking or PhoneBank services.

TSB announced in November last year that its Frodsham branch would shut its doors on June 22, 2022. The Wilmslow TSB was also to close permanently on June 14, 2022, while the Winsford branch would shut on June 21, 2022.

The bank said 90 per cent of its customers will be able to travel to one of its branches within 20 minutes or less. MP Mike Amesbury called for a U-turn on the plans to axe the Frodsham branch which was the market town’s last remaining bank.

It was announced last year that a Chester bank branch was to permanently close during 2022. The Royal Bank of Scotland (RBS) branch based on the corner of Foregate Street and Frodsham Street shut its doors for good on April 6.

  • 05:00, 4 SEP 2022