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Nottingham Post
Nottingham Post
National
Joel Moore

Nottingham building society closure leaves town with 'unacceptable' lack of banks

A Nottinghamshire MP has said The Nottingham building society's move to shut 17 of its branches is disappointing. Darren Henry, who represents Broxtowe, said the closure of its branch in Stapleford would leave the town centre with no banking services.

The Conservative MP said it was "unacceptable" as high street banking is a "lifeline" for many people. “I was disappointed to hear the news that The Nottingham building society will be closing their Stapleford Branch by the end of the year," he said.

"Along with the closure of the Post Office this summer, with regard to which I wrote expressing my concerns, it means that there will no longer be any access for people to use banking services in Stapleford town centre. High Street banking is an important lifeline for many people, particularly older and more vulnerable residents and to leave Stapleford without any in person banking is completely unacceptable in my view.

Read more: Nottingham Building Society to close 17 branches before end of year

"I have met with local banks and I am in discussions to look at the possibility of restoring physical services in Stapleford Town Centre potentially through a banking hub or regular mobile service.” Along with its Stapleford branch, the Nottingham Building Society announced yesterday (September 28) it would close 16 others across the UK by 2023, equating to a third of its locations.

Broxtowe MP Darren Henry outside his constituency office (Darren Henry)

Among those are branches in Wollaton, Matlock, Leicester and Skegness. Kathryn Kitson, head of branch network, said: "We appreciate this is disappointing news for both the members who use one of the affected branches, and our colleagues who work there.

"However, we have been thorough and considered when making decisions on which branches to close, trying to ensure there are options in place for more vulnerable members and also taking into account the impact on the communities our branches serve. The decision to close branches is never one that is taken lightly so our absolute priority is doing all we can to provide the best possible support for all those impacted by these changes.”

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