Colyton bank to close in October
PUBLISHED: 17:00 06 September 2016 | UPDATED: 09:14 09 September 2016
Colyton has lost its battle to save its local bank from closure, despite massive local protests.
News that Lloyds would not reconsider its decision to shut the branch on Wednesday, October 12, has been greeted with dismay.
“It is a bitter blow to the local community, as well as businesses in and around the town,” said East Devon District Council chairman, Stuart Hughes, who fought to save the branch.
He said it was ‘a tragedy’ that Lloyds had not listened to the needs of its rural customers. I fear that Colyton’s prosperity will suffer as a consequence as people will be forced to do their banking elsewhere and local businesses will subsequently lose trade.”
Colyton’s district councillor Helen Parr, said: “Many questions have not been answered by Lloyds in their communications so far.
“There remains widespread concern among the business community, as to how their banking needs will be met if Lloyds Bank carries out the planned closure.”
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