MP's anger at Lloyds' decision to close Royton branch

Date published: 18 April 2018

Local MP Jim McMahon has reacted angrily to the news that Lloyds Bank plans to close its branch in Royton.

Lloyds Banking Group chiefs have announced plans to axe dozens more branches, with ones in Royton and nearby Stalybridge among those earmarked for closure by the firm, which owns Halifax, Lloyds and Bank of Scotland.

It’s understood 1,230 roles will be put at risk across the country – but bosses say 925 new positions will be created as it continues to expand its ‘mobile branch’ network.

It has been reported that a total of 49 Lloyds Bank and Halifax branches will close between July and October this year.

Oldham West and Royton MP Mr McMahon said: “This is a huge blow for Royton, where we have already seen the loss of bank branches in the town centre.

"Time and time again national banks are showing little regard for the needs and concerns of local people.

"They are too quick to protect their own private interests at the expense of their customers.

“Not everyone has access to online banking, and not everyone can travel the extra distance to other branches.

"For many residents - for example the elderly, disabled people or those who can’t afford internet access – they rely on local branches - and Lloyds Bank’s own assessment shows that people rely on their branch.

“I will be writing to Lloyds Bank to request a meeting and a full explanation as to why they have turned their back on their customers.”

Lloyds bosses have stressed that all branches set for closure have a Post Office within walking distance and that customers will still be able to bank locally.