The Royal Bank of Scotland branch in Nottingham city centre has closed following on from an announcement made in February. The bank on South Parade off Market Square had been one of 32 branches set to close.
All ATMs and furniture have been removed from the building along with all external and internal marketing signs being taken out. 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 Covid pandemic began.
NatWest and RBS banks is Bulwell and Hucknall were also among the branches earmarked for closure. In 2018, RBS also announced the closure of their Mapperley, Long Eaton and Mansfield branches.
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The closures came after the nationwide plan to shut 162 branches, resulting in 792 job losses. 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 and now just 60 remain. The planning application for the closure of the city branch was granted approval on April 19 by Nottingham City Council.
