Powys will lose another branch of high street bank HSBC after the company announced it will be closing 114 banks in 2023.
The Brecon branch will close its doors on May 9 next year after the bank said more people are choosing online banking over using a physical branch to do their banking.Meanwhile, Lloyds Bank will close its Llandrindod Wells branch on January 16 2023 leaving just HSBC and the Principality Building Society in the town.
In a statement the bank said; “The decline in branch use has accelerated so much since the Covid-19 pandemic that some of the branches closing now are serving fewer than 250 customers a week.”Jackie Uhi, HSBC UK managing director of UK distribution said; “People are changing the way they bank and footfall in many branches is at an all-time low with no signs of it returning.
Brecon and Radnorshire MP Fay Jones said: “I am saddened to see the announcement that HSBC Brecon is one of the 114 branches to close. While I understand that the majority of jobs are being kept, I very much hope that staff are being looked after during this difficult time. I am disappointed that HSBC did not notify me in advance of their announcement that the branch in my constituency would close.
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