Colne bank to close

BREAKING NEWS: Colne.'Photo Ben Parson

BREAKING NEWS: Colne.'Photo Ben Parson

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The Yorkshire Bank has announced its branch at Market Street, Colne, is to close in August.

A spokesman said that, as a result of changes to the way people bank, the number of customers using branches is falling year on year, while the numbers using new technology continues to increase.

“Due to these factors, and the end of the lease, the bank has reviewed its network, and the branch will close on August 5th,” said the spokesman.

Customers’ accounts will automatically be transferred to the Manchester Road branch in Nelson.

The bank has already placed posters in the branch advising customers, and will write to remind them of the alternative ways they can continue to run their accounts.

The bank expects to retain the branch’s two ATMs in the town and staff from the branch will relocate to other branches in the area. There are no job losses anticipated.

Steve Fletcher, head of branch network, Clydesdale and Yorkshire Banks, said: “We understand customers will be disappointed by this news, but hope proximity of the Post Office, and the ever-increasing range of alternative ways they can bank with us will minimise any impacts.

“These are not decisions we take lightly but we must adapt to the changing ways people choose to bank in order to deliver the services they want in the ways they want them.

“Our branches remain at the heart of what we do; we are reinvesting, relocating and refurbishing to deliver better, modern branches for customers.”