Bury North MP James Frith has reacted with anger to the announcement by Royal Bank of Scotland that they will be closing their Ramsbottom branch in January 2019.
The closure follows a previous reduction in opening hours at the branch and the closure of the Ramsbottom Natwest branch by RBS Group last autumn. The Bury branch of RBS will also be closing in November 2018. RBS recently announced £1.8 billion in pre-tax profits for the first half of 2018. Once RBS closes there will only be one remaining bank in Ramsbottom.
James, who has previously spoken in Parliament against rural bank closures and who wrote to the chief executive of RBS back in March asking him to extend the opening hours of the Rammy branch, said:
“I am furious about this decision. RBS, which made billions in profits this year, have justified the closure by saying that less people are using the branch. But last year they reduced the opening hours to three days per week and later closed the Natwest branch. If you make it harder and harder for people to access physical banking services then of course fewer people will do so.
“Customers will now have to travel four miles to Bury to access the last remaining Natwest branch and businesses who rely on the branch for cash deposits and also the footfall that the bank brings into the town are going to be hit hard.
“I urge any residents or businesses who use the branch who will be affected by the closure to contact me. I will be sending a joint letter to RBS on behalf of the community of users.”