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Needham Market: Barclays announces closure of town’s last bank despite protests. What do you think?

15:21 17 June 2014

Barclays is to close its bank branch in Needham Market

Barclays is to close its bank branch in Needham Market

Campaigners are planning to fight against a decision to close the last remaining bank in their town.

The Barclays Bank in Needham Market will close on September 5, but no-one will lose their jobs, according to the firm.

David Ruffley MP for Bury St Edmunds criticised the move: “We keep hearing from the big four banks that they are going to focus on the customer and the high street but that boost looks pretty hollow after this announcement,” he said.

“Needham Market is a thriving town and certainly should generate enough footfall to sustain a high street bank branch.

“I shall therefore be writing to the chief executive of Barclays requesting an immediate explanation as to how they have come to this regrettable decision.”

Barclays said it had been a “difficult” decision but highlighted the use of banking facilities at the nearby Post Office.

Wendy Marchant, district councillor for the town, said: “We have a lot of elderly people and it’s going to be very inconvenient, there’s cashback at the Co-op and a cash machine at the post office but they are not open all the time.

“The bank is always busy and there’s always people in there. You often have a little wait as they only have two-to-three cashiers. It’s going to be an awful shame if it closes.

“We will try and stop it – writing to them, emailing them and then going in to see them because once it’s closed it would be very difficult to get it reopened.”

All the branch’s staff are due to move to banks elsewhere in the area.

A Barclays spokeswoman said: “The way customers undertake their banking is changing as people increasingly use online, telephone and mobile devices. In response to this change in customer behaviour we must evolve our business to meet their needs.

“At Barclays Needham Market branch, around two thirds of customers now regularly use alternative branches, which is why we have taken the difficult decision to close the branch.

“In addition to the option of online, telephone and mobile banking customers can undertake everyday transactions at the nearby Post Office, less than 92 metres from our Needham Market branch.

“We hope the range of alternatives including digital banking, nearby branches and Post Office access will help to ease the transition for our customers as we move out of Needham Market.”

12 comments

  • Needham Market is a thriving community. Mixed businesses, many of whom have been there decades and some great new ones too. The loss of our bank will be a great inconvenience to us all.

    Report this comment

    Yojoe James

    Friday, June 20, 2014

  • The loss of the last high street bank in Needham Market will be a huge blow to the many independent businesses which have been opened here in the last few years. It must be seen as a big blow if David Ruffley has an opinion on it.

    Report this comment

    Jonathan Randall

    Wednesday, June 18, 2014

  • Isn't is interesting that the most offensive comments are left by people who don't have the courage to use their real names. Needham is a lovely little place. Yes its a shame the bank is closing and yes there will be some people who are going to be greatly inconvenienced but Barclays is not a charity. It is a business there to make money for its shareholders. If the branch is not profitable it has to close. Its called capitalism.

    Report this comment

    John Alborough

    Wednesday, June 18, 2014

  • Things move on and the usage of bank branches is failing fast. You cannot expect a bank branch to be kept open for a handful of people to use, The post office can be used for basic banking service and will allowing the paying in and withdrawal of funds for most of the main banks

    Report this comment

    BobE

    Wednesday, June 18, 2014

  • Sadly the "Beeching policy" is still alive and kicking and if something no longer makes a profit it is apparently an easy decision to shut it down. The fact that other branches make large profits is not a good enough reason to have a few "loss leaders" to serve the local community.

    Report this comment

    DALINE

    Tuesday, June 17, 2014

  • I am involved in fundraising for charity - how will I pay in a thousand or so in small change? Even in Needham where there is a car park it is a 2 person job, imagine trying to do that in Ipswich! Needham is not a dead town, there are many small businesses that need a banking facility for day-to-day cash.

    Report this comment

    Chris B

    Tuesday, June 17, 2014

  • I live in Needham Market and opened my first bank account here nearly 25 years ago. I don't personally go into the bank a lot as use internet banking but the cashpoint will be a loss to the community. Although the Post Office have one, it is inside and therefore only available when the shop is open.

    Report this comment

    female40

    Tuesday, June 17, 2014

  • Your owner spends a bit of time THERE budgie, she used to say it had her favourite chip shop which she used to visit on the way to her Suffolk retreat from each home defeat!

    Report this comment

    blueinblue

    Tuesday, June 17, 2014

  • Nooooooooo, i live in Ipswich, i go to Needham Market Barclays Bank, lovely people, great service, another sad day for customer service , i will have to use the machines in Ipswich ,or i could switch, mmm

    Report this comment

    this is what we pay tax for

    Tuesday, June 17, 2014

  • To not so clever budgie, sharpen up your basic English.

    Report this comment

    trevorwoolnough

    Tuesday, June 17, 2014

  • How many hours a week is this branch open? I bet it is a lot less than the Co-op (for cash back) and the cash machine at the post office which is surely 247. The old case of use it or lose it. I have not had reason to go in my own banks premises for years and then it was only to pay in a cheque. Internet banking and cashpoint machines is more than enough for me.

    Report this comment

    The original Victor Meldrew

    Tuesday, June 17, 2014

  • might aswell. Needham market is a run-down town anyway with nothing their. Just a waste of resource

    Report this comment

    clever budgie

    Tuesday, June 17, 2014

The views expressed in the above comments do not necessarily reflect the views of this site

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