A large Welsh town is set to lose its last bank later this year in a decision described as "disappointing and short-sighted". The Ystradgynlais branch of Lloyds, located along Commercial Street, will close on September 19. It comes as the bank says branch transactions at the Ystradgynlais branch fell more than 67% between 2017 and 2022.
It means banking services will be reduced to the nearby Post Office, which is a two minute walk away at 30 Brecon Road, and offers personal and business customers everyday banking services, access to cash, paying in of cheques, and more. The nearest free-to-use ATM is just less than a mile away (0.95 miles), and there are four free-to-use ATMs within three miles of the closing branch.
Politicians have urged the bank to reconsider the decision, but Lloyds has said 74% of its personal customers already use other ways of banking, such as over the phone or internet banking. It follows the closures of other banks in the area, including Barclays in October, 2018, Get stories like this straight to your inbox with our newsletters.
