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Long Sutton's only bank could be earmarked for closure

There are fears that Long Sutton residents could be losing their only bankas part of a national cost-cutting bid.

TSB is reported to be closing 82 branches across the country as it tries to save £100million over the next three years.

The firm is set to announce which branches will be shut today (Thursday) after it has informed its staff.

Long Sutton War Memorial in Market Place. (18489805)
Long Sutton War Memorial in Market Place. (18489805)

But the news could have major ramifications for the town, if the West Street branch is one of those that have been earmarked for closure.

Nationally more than 3,033 branches across the UKhave closed since 2015, including Barclay's in Long Sutton and Lloyds in nearby Holbeach.

South Holland district councillor Jack Tyrrell said the loss of the only bank in the town will have a major impact for the town.

He said: "TSB is Long Sutton's only bank and we are going to struggle.

"While some older people use computers and internet banking, not everyone does. Alot of people don't trust it.

"Bank people don't care, they are going to get their bit, but little towns like ours are going to suffer.

"We are lucky in Long Sutton that all of our shops are busy."

TSB, which was once part of the Lloyds Banking group, is hoping that by reducing its branches to 454 will help to save £100million by 2022.

The bank serves a total of 5 million customers and also has a branch in King's Lynn.

Long Sutton lost its Barclay's branch in August 2018, with the nearest branch now being in Spalding or King's Lynn.

Lloyds announced in July 2018 that it was closing its Holbeach and Donington branches

The bank said it had made the "difficult decision" as customers were using branches less and opting for internet banking.

Natwest provides a mobile service which covers Long Sutton on a Friday, the town's market day.

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