Yorkshire Building Society is planning to close its Farsley Town Street branch in May as part of a national reorganisation.
The company says the proposals will deliver an offering “designed to deliver better long-term value to its 3.3m customers”.
Of the closures nationally 20 will be Yorkshire Building Society branches with the remaining 28 being its Norwich & Peterborough brand.
YBS chief executive Mike Regnier said:
“As a mutual, it is important that we always act in the best long-term interests of our membership and evolve the business in line with their changing needs.
“We believe these proposals give us greater focus on providing existing and future members with the things they want from us most: a safe place for their savings and funding to buy their own home, and providing these in an easy and simple way.”
He said the driving forces behind the proposed branch closures were shifts in market conditions and the growing demand for internet banking. Mr Regnier added:
“We therefore no longer believe it is the right commercial position for us to continue to maintain these 48 branches across the N&P and Yorkshire network.”
The full press release about the closures can be read in full here.
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