Another leading High Street name has revealed plans to pull out of a south east Northumberland town.
Bosses at HSBC have said they will be closing their bank in Blyth on May 1 – but there will be no redundancies.
In a letter to MP Ronnie Campbell, HSBC area director for the north east, Pat Dellow, said: “We have made this decision with great reluctance, but after a careful analysis of the branch’s commercial viability, it was clear that is no longer generating the custom necessary to justify its continued operation.”
All of the staff at the Blyth branch will be redeployed to other branches, and HSBC have said that customers will be offered alternatives ways to bank.
Customers accounts at the branch will be transferred to Cramlington, six miles away.
Ronnie Campbell MP said: “I am sorry that the difficult decision has been made to close the HSBC Blyth branch and relieved that there will be no redundancies because of this decision.
“Unfortunately the nearest branch will be six miles away and would urge his constituents to consider using a new bank which is local in their community if this closure would cause difficulties accessing their banking needs.”