Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Nottingham Post
Nottingham Post
World
Joshua Hartley

RBS officially confirms it will close bank branch in Nottingham city centre

A city centre bank will soon close after documents were filed to shutdown the branch.

The Royal Bank of Scotland (RBS) branch on South Parade, Nottingham city centre will soon close, with planning documents filed to remove the ATM and furniture from the building.

The closure is part of a larger move, with it being announced on February 14 that 32 branches of NatWest and the Royal Bank of Scotland would close, including branches in Nottingham city centre, Bulwell and Hucknall.

A planning application shows that the branch's external ATM will be removed.

All external and internal marketing decoration will be taken out, with furniture also being removed from the bank.

The NatWest Group, which runs both Natwest and RBS, said the move was a result in a drop in the use of branches since the pandemic began.

In 2018 it was announced by RBS that their Mapperley, Long Eaton and Mansfield's branches were to close under nationwide plans to shut 162 banks resulting in 792 job losses.

And the more recent decision to close NatWest in Bulwell has caused fears that the town would soon 'turn into nothing'.

According to figures from the Office for National Statistics (ONS), which are rounded to the nearest five, the number of banks in Nottingham halved between 2010 and 2021.

It fell from 70 in 2010 to 35 last year in 2021.

Across Nottinghamshire it was a similar story. More than 100 branches were open across the county in 2010 - now just 60 remain.

To read all of our biggest and best stories first sign up to our newsletter here.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.