Two town councillors, from rival parties, have predicted that Lloyds Bank will be the massive winner from Barclays decision to pull out of Wellington. Cllr Mark Lithgow, who also works for Lloyd’s – although not in the town branch, says he can find no signs that his bosses might quit Wellington.
“Banking is in the midst of a customer-led revolution with more people than ever before making use of digital innovation and alternative ways to bank to help manage their money on a daily basis. However, LBG is very aware of the role branches play in the community and conscious that customers and businesses should not be left behind,” said Cllr Lithgow.
“That is why decisions to close branches are never taken lightly and why it remains important that customers continue to be able to access banking services if a local bank branch closes. I would not want to see Lloyds close the Wellington branch as I believe Wellington needs a place where customers can see their banking managers.”
Cllr Gary James, currently mayor, is equally supportive. “The one glimmer of hope I trust is that Lloyds may pick up larger proportion of custom from the banks that have closed and they can feel it is worth remaining in town. LLoyds recent closure programme of 49 branches luckily does not include Wellington (at present). I only hope the motto of the Black Horse, “serving your community for over 200 years” will stand the test of time here!!
“The constant diatribe coming from the banks that more people “bank online”, well I would like to see evidence of this in our local community and not as a national statistic!! To bank online here and in other outlying areas you need a very good broadband connections and also be assured of the necessary security measures that go with it. Many people still feel to bank online is not safe due to being either hacked or fraud taking place.”