Last bank in Essex town to close in August

The final financial institution in a south Essex city is ready to shut in August.

Lloyds Banking Group introduced it could shut its department on Grover Stroll, Corringham on 21 August, leaving the East Thurrock space with no financial institution.

It stated the rise of web banking meant fewer prospects have been utilizing Excessive Road branches.

The group had beforehand introduced the closure of 18 Halifax websites and 22 Lloyds websites throughout the nation between April and June.

Based on Lloyds, transactions on the Corringham department fell by 64% between 2017 and 2022.

The group stated 79% of their prospects used different types of banking, together with by way of the cellphone or web, or visited different branches.

Lloyds Financial institution stated it was contacting prospects to tell them about alternate native banking providers.

These included the submit workplace and native money machines, in addition to branches in close by areas.

A Lloyds Financial institution spokesperson stated: “Visits to our Corringham department have fallen over current years, as many purchasers now select to financial institution digitally.

“When the department closes in August, prospects can proceed to financial institution in individual with us within the Basildon department, or on the native submit workplace on London Street.”

The MP for South Basildon and East Thurrock, Stephen Metcalfe, met Lloyds’ public affairs supervisor for the East and South East and the supervisor of the native department on 18 April to debate constituents’ issues.

“Lloyds Financial institution has assured me that it’s doing the whole lot it could to make sure its prospects are effectively supported earlier than its Corringham department closes,” he stated.

Lloyds stated that there could be no job losses because of the closure and its staff could be provided roles at different branches or in different elements of the enterprise.

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