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Last bank in town set to close

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28 JUL

Last bank in town set to close

By timesecholife on in All News, Latest News

The last remaining bank in a Staffordshire Moorland town has announced that it will be closing the branch for good. Lloyds Bank sent out notification last week to it’s customers that it will be closing their Cheadle High Street branch in October of this year.

The last remaining bank in a Staffordshire Moorland town has announced that it will be closing the branch for good.

Lloyds Bank sent out notification last week to it’s customers that it will be closing their Cheadle High Street branch in October of this year.

The Cheadle & Tean Times contacted the bank for clarification and to ask what will be happening to the branch staff.

A Lloyds Bank spokesperson: “Visits to our Cheadle branch have fallen over recent years, as many customers now choose to bank different ways.

When the branch closes in October, customers can continue to bank in person with us in the Longton branch or the local Post Office at The Shopping Centre.”

The spokesman confirmed that the Cheadle branch will close on October 31, 2022.

They said: “All colleagues who work at this branch will move to a role at another branch or in another part of our business, there are no compulsory or voluntary redundancies as a result of these changes.”

They added: “74 per cent of our personal customers already use other ways of banking, such as over the phone or internet banking, as well as other branches.

Branch transactions at the Cheadle branch fell over 59 per cent between 2017 and 2022.

The nearby Post Office, which is a couple of minutes’ walk away at 3 The Shopping Centre, offers personal and business customers everyday banking services, access to cash, paying in of cheques, and more.

The nearest free to use ATM is 0.03 miles away, and there are seven free to use ATMs within one mile of the closing branch.

Customers can use any Lloyds Bank branch for their banking, alongside other options such as the Post Office, online, mobile and telephone banking.

We are contacting customers to let them know about the alternate local banking services available.”

Cheadle resident Mark Chesters, and his wife Jackie, are customers of Lloyds Bank. Mark told the Cheadle & Tean Times: “We are not very happy, we have had a letter today (Friday, July 22) from our bank to say that Cheadle Lloyds Bank is closing on October 31, 2022.

So that’s another blow to the high street.”

Cheadle Town Mayor, councillor Sue Walley, said of the news: “I was shocked and extremely disappointed to hear that Lloyds Bank is closing.

We have now lost all our High Street Banks.

Many people now bank online but the banks need to provide a service to those people who cannot or need a face to face service It’s another sad day for our town.”

Cllr Walley added: “I am extremely grateful to Leek United Building Society who have actually invested in our town, and shown their commitment to Cheadle.”

Councillor Gary Bentley, who is a Lloyds Bank customer, said: “I think it is a shame that we are losing another big name on our High Street.

I admittedly do most of my banking on the phone – I am not sure what the answer is.”

Meanwhile, fellow councillor Phil Routledge said: “I am a customer of Lloyds Bank. I do use the Cheadle branch occasionally, but not as often.

I will still bank with them as I need a bank.

I just think it is a sad day for Cheadle as it is the last bank in town.”

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