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Blow to Barry as bank announces closure

Blow to Barry as bank announces closure:

Barclays has announced it will close its last remaining branch within the Vale of Glamorgan by the end of the year.

Making public its intention to close the Holton Road branch in Barry, the huge banking group says it will close its doors for the final time on 2nd November.

Barclays, who reported a bumper record annual profit for 2021, permanently closed the Cowbridge branch on 20th August last year.

Local MP, Alun Cairns says he intends to challenge the decision, commenting: “I am disappointed by this news because I know just how important banks are to residents and especially local businesses. In person banking services, in my view are still important.

“I shall be asking to meet with Barclays to challenge them on the closure and discuss the impact it will have on Holton Road and Barry’s wider banking availability.”

Barry and Cowbridge customers wanting to remain with Barclays and attend their nearest brick-and-mortar branch will from November have to travel to Cardiff to either Working Street or Wellfield Road in Roath.

In what appears to be a standard announcement by Barclays, the company said: “The decision to close a branch is never an easy one, however, the way people bank today is unrecognisable from 50 years ago when almost every banking transaction took place in a branch. Now, that number is less than 10%, and we need to make sure that we are providing our services in ways that best reflect customers’ needs, including outside of traditional branch formats.

“Despite the branch closure, we are confident that access to banking remains sufficient in the local community; everyday transactions can be completed at any Post Office, with the closest located at 160 Holton Road, Barry a short distance away. There are 18 free-to-use ATMs within one kilometre of Barry branch, the nearest at Tesco, 57 Holton Road, Barry.”

The Glamorgan Star has not yet been informed of what will happen to employees once the branch is permanently closed.

Glamorgan Star news

Founded in early 2021 by ex-Glamorgan GEM staff following its closure during the Covid pandemic. Now, the largest circulated, printed, newspaper or magazine in the Vale of Glamorgan.

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