NatWest closures: Newport branch shutting is a ‘real shame’

News that a bank in a town will close is a ‘real shame’ according to its chamber of commerce, although it is hoped that the building will be quickly snapped up by another business.

The instantly recognisable NatWest Bank building on High Street, Newport, is going to be left empty when the business closes in May.

The company said the number of transactions over the counter at Newport have fallen by 28 per cent since 2012, and only 53 people are using the branch in High Street each week.

More than 60 per cent of Newport customers do their banking online, the bank said. And although there’s little surprise that NatWest are looking to leave the town, Patrick Beech, of Newport’s Chamber of Commerce, said interest has been shown in the building in the past.

"It’s a prime position in Newport, a lovely building,” he said.

"I think it will soon be filled. I’ve had people express interest in it before, so hopefully it will be filled.”

Mr Beech said that it was a shame the bank was closing.

"I’ve always boasted in Newport we have five banks – now we’ll be down to four.

"I’m really not surprised that the bank is closing. Some towns don’t even have a bank.

Advertising

"We’re still looking to keep the rest of them, at least for the time being, but you never know.

"It’s a shame that NatWest is going.”

Councillor Peter Scott said: "It’s sad that NatWest is to close but banks have been encouraging customers away from branches for years. There is no profit in just banking cash.

"I hope the building goes to a business the town needs. Maybe a good restaurant.”

Advertising

Newport is one of two NatWest branches set to close, with the other being based in Bridgnorth.

It is part of a round of 259 closures announced by owner Royal Bank of Scotland.

Newport’s branch will close on May 22, while NatWest Bridgnorth will follow on June 12.




Date: 06 December 2017 | Source: Shropshire Star

More Telford News

 Man in court over ambulance vandal attack in Telford

A man who attacked an ambulance, causing £100 worth of damage, as paramedi..

 House near Newport floods after water pipe burst - with video

A house near Newport flooded today after a water pipe in the loft has burs..

 Wyevale's Shrewsbury, Telford and Albrighton garden centres up for sale

Percy Thrower's Garden Centre in Shrewsbury could be sold by its parent co..

 M&S stores in Shropshire avoid the axe – for now

Shropshire's Marks & Spencer stores in Shrewsbury and Telford have avo..

 Gold medal for David Austin Roses at RHS Chelsea Flower Show

Shropshire-based David Austin Roses is celebrating today after striking go..

 Telford teenager in coma after cold turns into sepsis

A Telford teenager has been left fighting for her life in an induced coma ..
View More

More UK News

Can English remain the 'world's favourite' language?

English is spoken by hundreds of millions of people worldwide, but do new translation technology and..

David Lammy: 'Hate mail won't scare or silence me'

Labour MP David Lammy has taken to social media to say he won't be scared into silence by racist hat..

Call for action on UK's screenwriter gender inequality

A new report suggests only one in six screenwriters working in film and television in the UK are fem..

London Ambulance Service taken out of special measures

A watchdog says "innovative changes" helped boost London Ambulance Service's performance

Call for greater oversight of recommendations of public inquiries

It is not "always clear" to the public whether recommendations are acted upon, watchdog says
View More

Telford Businesses

Calendar Countdown

[[countdown here]]
[[countdown here]]

Upcoming Events in Telford

26 May 2018

Farm Shop and Arthur’s Farm Kitchen: Tues – Sat 9.30am – 5.00pm and Sun 10.00am – 4.00pm

Open Bank Holiday Mondays: 10.00am – 4.00pm


Free entry Some activities and events are chargeable

View Details

10 Jun 2018

8am - 6pm


Adult - £25.00

Children under 16 - Free

View Details

14 Jul 2018

8:30am - 6pm


Adult (16 - 64) - £15

Child (5 -15) - £5.00

Senior (65+) - £14.00

Family - £35

View Details

15 Jul 2018

11am - 4pm


Free Entry

View Details

04 Aug 2018

Practice starts at 4pm on Friday 3 August

Racing starts on Saturday 4 August at 12noon and Sunday 6 August at 10.30am


Free

View Details
View More