We Need Good Local Banks

Following the announcement that the Barclays bank branch in Farningham will close in September, Michael has written to the Barclays CEO expressing his disappointment at the decision.

Michael expressed his concern that his constituents may be left without access to the banking services they need, asking what consultations Barclays has held with its customers and businesses before announcing the closure.

‘I am concerned that my constituents have not been sufficiently consulted before the decision was taken by Barclays to close their local branch’, he writes: ‘a strong local economy needs the support of a good local bank.’

Barclays says that its customers have been informed and recommended customers use local Post Offices for their banking services. But Michael urges Barclays to ensure that the local Post Offices ‘meet the full range of customer needs’ for personal customers and businesses in his letter.

The proposed closure of Barclays in Farningham comes two months after Lloyds Bank announced that its New Ash Green branch would close in July. Michael sent a letter along with a petition opposing the closure signed by over 900 people to Lloyds Banking Group calling for answers.

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Michael said: ‘This closure may have a huge impact on the lives of people and businesses in Farningham. We need answers from Barclays. I will continue to work with local councillors, businesses and residents, and the Post Office itself, to ensure that my constituents will not be left without the services they rely on.’

Michael calls for ‘complete transparency’ on local bank closure

 

Michael has written to Lloyds Banking Group to call for ‘complete transparency’ regarding their recent announced closure of the branch in New Ash Green.

In the letter, Michael asks what consultations Lloyds has held with its customers and businesses before announcing the closure, scheduled for 5th July 2017. He writes: ‘I am concerned that my constituents have not been sufficiently consulted before the decision was taken by Lloyds Banking Group to close their local branch’.

Michael has urged Lloyds to consider the ‘drastic impact’ the closure would have on personal customers, particularly elderly customers, and local businesses in the letter.

He also raises questions about the viability of the alternative banking services recommended by Lloyds: ‘There should be complete transparency surrounding the decision to close a local branch and a comprehensive impact assessment should be published with sufficient consideration of the alternatives available’.

Cllr Claire Pearsall delivered a petition to save the Lloyds Bank branch in New Ash Green to Michael. The petition has over 900 signatures. Michael has sent the petition on to Lloyds Banking Group along with a copy of his letter.

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