Chipping Sodbury bank to close in April

The former Britannia bank in Chipping Sodbury had just been refitted as a Co-operative

The former Britannia bank in Chipping Sodbury had just been refitted as a Co-operative

First published in News Gazette Series: Photograph of the Author by , reporter covering Yate, Chipping Sodbury, Winterbourne, Frampton Cotterell, Rangeworthy, Wickwar, Hawkesbury, Iron Acton, Coalpit Heath and Old Sodbury

A CHIPPING Sodbury bank is due to close this spring, it has been confirmed.

The former Britannia branch on High Street will shut its doors in April as part of a rationalisation programme by the Co-operative, which took over the firm last year.

The Chipping Sodbury branch is one of 50 to be identified for closure. Co-op had to come up with a rescue for its bank after the discovery of a £1.5bn hole in its balance sheet, caused by bad loans and the 2009 merger with Britannia building society.

Work had just been completing on refitting the branch as a Co-op and new signage was due to be installed.

Heather Lauder, customer and distribution director for the Co-operative Bank, said: “This decision has not been taken lightly and we appreciate that the closure of our Chipping Sodbury branch is disappointing.

“We are committed to supporting impacted customers and colleagues and will be keeping them fully informed throughout these changes.”

She said the bank’s re-capitalisation plan is intended to rationalise the branch network by at least 15 per cent by the end of 2014.

She added: “As we re-focus our business we will be investing in self-service and digital channels in order to provide our customers with new ways to service their accounts.

“We remain focused on providing our highest levels of service and customers with our Chipping Sodbury branch will be contacted directly prior to the closure with further details about alternative channels they can use to service their accounts.”

There are four people employed at the branch. The Co-op said as a period of consultation was ongoing, it would be inappropriate to provide a regional breakdown on eventual role reductions at this stage.

Comments (1)

Please log in to enable comment sorting

1:13pm Fri 10 Jan 14

k evans says...

We are absolutely discusted at the way the Coop is treating its customers & staff by shutting down their Coop branch . Do you realise or care how many customers you are loosing because Thornbury & Downend branches are to far awaywich means the customers are going to other branches
We are absolutely discusted at the way the Coop is treating its customers & staff by shutting down their Coop branch . Do you realise or care how many customers you are loosing because Thornbury & Downend branches are to far awaywich means the customers are going to other branches k evans
  • Score: 0

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree