Colwyn Bay set to lose another bank

Clwyd West AM Darren Millar has expressed disappointment that another bank is to close in his constituency.

Halifax has announced this week that it is to close its branch in Colwyn Bay  due to “the changing ways customers choose to bank with us”. 

The branch will be closing on 27 June this year.

Slamming the move Darren said:

“I am sick of hearing of bank closures across my constituency, which do nothing to enhance the image of the banking industry. I appreciate that banks have to move with the times, but this is a devastating blow to Colwyn Bay, which last year also suffered the loss of the Royal Bank of Scotland.

“Having an accessible local branch is important for older people, those without transport, or internet access, shopkeepers and small businesses.

“Halifax has said customer accounts will be aligned to the Llandudno branch, but this is almost five miles away and it is very difficult for many customers, particularly the elderly, to travel to branches in other locations.

“As well as the customers, my thoughts also go to the affected employees and their families, who will no doubt be extremely concerned about this announcement. It is always extremely difficult for those affected by the prospect of redundancy, and this is sadly another blow for a sector which has already been hit by similar job losses.”

Darren added:

“We have seen so many bank closures in Clwyd West in recent years and I have repeatedly spoken in the Senedd of the need for a long term plan to secure banking services in local communities so that everyone can access face to face services close to where they live. Sharing premises, the development of partnerships with other firms, and mobile banking services may help to achieve this aim. I am therefore pleased that Halifax customers will be able to manage many of their banking needs at the Local Post Office, although this obviously doesn’t make up for the loss of the bank itself.”