Arnold high street has been dealt a blow after HSBC announced its branch in the town was one of 114 across the country to close. The bank in Front Street will shut in May next year.
Locally elsewhere the Long Eaton bank in the Market Place will close in July, HSBC said. Officials said the closures were due to fewer people using the physical branches to use services. The number of people visiting HSBC banks has fallen by 65% in five years, the firm said, as reported by the Mirror Online.
In a statement, HSBC said: "The decline in branch use has accelerated so much since the Covid-19 pandemic that some of the branches closing are now serving fewer than 250 customers a week." Brits are banking more online instead - though in many areas bank branch closures make this unavoidable and not a choice.
