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Dunoon Observer and Argyllshire Standard Dunoon Observer and Argyllshire Standard
Home News The News INVERARAY BANK TO CLOSE

INVERARAY BANK TO CLOSE

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THE Inveraray branch of Bank of Scotland is to close, the company announced today (Wednesday).

 

The shock closure is part of a 23-branch cull of branches due, the company says, to falling demand.

A Bank of Scotland spokesperson said: "In 2014 Lloyds Banking Group announced a three-year strategy, which included a programme of planned branch closures.

"As part of this strategic review, we can confirm today that Bank of Scotland will be closing 23 branches.

"In most cases, this is as a result of falling customer demand while in others it is because of overlaps with other nearby branches.

"Branches will continue to play an important role in our multi-channel customer offering.

"Bank of Scotland is committed to maintaining a local presence and we expect to continue to have the largest branch network in Scotland."

There has been a bank in Inveraray’s Church Square since at least 1745, with the Bank of Scotland established in the Royal Burgh in 1825.

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