DISAPPOINTED campaigners in Shipston-on-Stour were told this week there is no chance of saving the HSBC branch on High Street.
Due to shut down on 15th November, residents believe the closure will have a negative impact on the town by forcing people to go to Stratford-upon-Avon or Banbury.
Despite a campaign to keep the branch open, HSBC confirmed the decision would not be changed because the number of customers had fallen rapidly in recent years.
“Customers’ habits are changing,” said a spokesperson. “They are now increasingly using branches where they work, or they are using the 24-hour convenience of internet or telephone banking.”
The bank was invited to Monday’s Shipston Town Council meeting but declined.
Instead, Leader of Stratford District Council, Chris Saint, delivered the news after meeting HSBC’s regional managers.
He said: “Despite the local population base of 15,000 across seven wards, they confirmed that the bank needs to have its branches in the right places and Shipston was no longer one of them, despite good local arguments to keep the branch open.”
Both HSBC cashpoints will be removed in November, leaving the town with just the one at the Lloyds branch, until a new one is installed at the Co-op store.
Campaigners say the closure will be “disastrous” for independent retailers in the town, and will make life more difficult for elderly residents who have used it for years.
Deputy Mayor, Philip Vial, said: “We are incredibly disappointed HSBC has taken this shortsighted decision. It is going to impact negatively on a lot of people in Shipston.”
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