Concerns over the future of banking in Padstow

Padstow’s MP and Cornwall Councillor have raised concerns about plans to scale down services at one of the town’s banks.

Lloyds_Bank_in_Padstow.jpg

From 1st June the Padstow branch of Lloyds Bank will close on Tuesdays and Thursdays.

It would leave only Barclays Bank open for transactions on both days, as well as leaving the town with only one cashpoint during the day.

One local resident explained:

"We run two businesses in the town and have used the branch for over 30 years.  It is not just the reduction of counter service that is a problem for us, but also the loss of another cashpoint service in the town.

“Previously in the summer cashpoints in Padstow have ran out of money, and this will only make it worse for locals and people visiting the area.”

Local MP Dan Rogerson has written to Lloyds to raise concerns about the impact the reduction in services will have on local residents and businesses, and to seek reassurances that this is not the first step to the branch closing completely.

Dan Rogerson said:

“Many customers and businesses in the town needing to pay money in, take money out, check balances, pay bills and get business coinage will suffer if Lloyds isn’t open on a Tuesday or Thursday.

“This reduction in banking services in Padstow is a disappointing development, following the closure of HSBC in December 2013. Banking online or over the telephone is all well and good but many local people and businesses in our area won’t be able to access these online services, with many more simply preferring to deal with someone face-to-face.”

Richard Buscombe, Lib Dem Cornwall Councillor for Padstow added:

“The reduction in opening hours marks a further withdrawal of important services in  Padstow which sustains a community throughout the year . At the very least I would have thought that a strong business case could be made for keeping the branch open during the holiday season. I strongly urge Lloyds to reconsider their decision"