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MP opposes Otley bank branch closure

February 10, 2017 11:08 AM

Otley MP Greg Mulholland has written to the Chief Executive of TSB, to oppose the closure of the bank's Otley Branch.

TSB have announced that their Otley branch will be closing, meaning the nearest alternative branch would be Ilkley, over 5 miles away. Local residents have already voiced their concerns over the implications of the closure, especially as many elderly people rely on having a local branch.

Greg has written to Paul Pester, Chief Executive at TSB, raising concerns about the closure of the branch, and the impact it would have on customers.

‚Äč August 2015, blankCommenting, Greg said:

"It is not acceptable to close this branch in a market town, which serves a much wider area including people in the agricultural and rural communities in the countryside surrounding the town, and this will be a huge blow for local businesses and residents.

"I would therefore ask that TSB seriously reconsider this move, taking into account the needs of local residents, and I would urge them to keep this valuable local resource open."

Cllr Sandy Lay, Leeds City Councillor for Otley and Yeadon added:

"TSB style themselves as the 'Local Bank for Britain' so this decision is very disappointing. Many of us hoped that when the TSB was 'reborn', after being spun out from Lloyds Bank, that they would do things differently. Sadly TSB are just following the 'banking crowd' and closing branches to feed a bottom line. Yet again it will be vulnerable groups that suffer the consequences but it appears this means very little to banks that promote themselves as 'local' whilst shutting those very type of branches down.

"It's all very well banks saying that banking habits are changing and that's very true for many but it is not the case for all. Many elderly, disabled and improvised customers need a local branch in their town to do their everyday banking so I hope TSB will reconsider. Failing that they need to come up with solutions to mitigate the closure because those disadvantaged groups needs somewhere local to back."