sad loss" - Mayor's dismay at plans to shut Burnham-On-Sea
Mayor has spoken out at HSBC's plans to shut down its branch in
first reported that HSBC
is to shut down its Burnham-On-Sea branch in January 2017.
bank blames a sharp 28 per cent reduction in footfall at the Burnham-On-Sea
branch in College Street for the "difficult decision".
Mayor Michael Clarke told Burnham-On-Sea.com: "My thoughts
are with any staff that will be effected by the sad loss of our
local HSBC branch, and to all those customers that rely on having
a local branch to be able to carry out their banking needs."
everyone in our society has access to, or the ability to use internet
/ telephone banking, and the loss of a local branch will be felt
hard by both staff and customers alike."
Turco from Burnham-On-Sea Chamber of Trade added: "Our thoughts
are with the staff at the bank. This decision will impact many community
groups and residents in town who bank with HSBC and still receive
cheques and need a face-to-face service."
also very disappointing that the bank's closure may lead to a reduction
in footfall in Burnham town centre if the bank's customers are pushed
to use online banking instead of visiting our town centre."
MP James Heappey told Burnham-On-Sea.com: "I am deeply disappointed
to hear that HSBC will be closing its branches in Burnham-On-Sea
and Shepton Mallet."
briefed me on the closures last week and I understand staff were
told last week too. Whilst HSBC are offering opportunities for all
affected staff in other branches, my first concern is with those
whose jobs are affected."
"HSBC tell me that customers will be receiving letters explaining
the closure and the alternative arrangements they propose in the
post today. They argue that the branches are no longer viable as
more and more customers are choosing to bank online."
"But this is the same story as weve seen from HSBC and
other banks in other towns across the Wells Constituency and across
the country. Undoubtedly more and more people are willing and able
to do their banking online but there is scant regard for those who
cannot travel to other nearby branches, are unable to use the internet
and for small businesses who need a nearby facility to bank their
cash every day in order to remain within in the terms of their insurance
policies. HSBC will offer the post offices in Burnham and Shepton
as an alternative but Post Office are not able to offer a full range
of services; especially for small businesses. Theyre not able
to do this because the banks wont let them!"
"I strongly encourage both business and personal banking customers
to switch their accounts to other banks in the towns. In Shepton
this is particularly important as there will now be just one remaining
bank. The banks look simply at the amount and value of business
done in a branch and so the best way to guard against further closures
is to make sure that remaining banks are rewarded with as much business
"I have been campaigning in Parliament over the regulations
on bank branch closures since the loss of all the remaining banks
in Glastonbury last year. Most recently, that has included a meeting
with Professor Russel Griggs who has been conducting a review into
the Access to Banking Protocols. Professor Griggs will publish his
report in the next few weeks but it will include significant recommendations
for a revision of these protocols. I have discussed the likely recommendations
with HSBC and they have confirmed that they will be seeking to manage
the closure of these branches, as much as possible, in accordance
with whatever recommendations Professor Griggs makes."
"It is hugely frustrating that yet more bank branches are closing
and there is no escaping that for some in our community, there is
no option other than banking in person, over the counter in a local
bank. Until post offices are empowered to offer a full service in
lieu of a bank and until cashless facilities are available to small
businesses without significant transaction fees; it is disingenuous
for our high street banks to claim that they can close branches
without impact. I will continue to push them hard on these issues."
Meanwhile, HSBC says that customers who have questions about the
closure should contact the bank's community communication team on
Freephone 0800 243 364 or via HSBCcommunitycomms@grayling.com.