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Morecambe high street bank closes down

The TSB bank in Morecambe town centre has closed down.

The branch on Market Street East shut its doors for the final time on Tuesday June 7.

TSB said the branch was closing because of the changing habits of customers, the majority of whom now bank online.

"We need to make sure our branches meet the current and future needs of our customers, so we've looked carefully at our Morecambe branch and how it is used, and we’ve taken the decision to close it," said a published review into usage of the TSB Morecambe branch.

"At this branch, 74% of our personal and 79% of our business customers also use another TSB branch or channel.

"In the last two years we’ve seen a 58% decrease in transactions at this branch, with only five customers visiting the branch regularly, two of which use the branch and no other channel."

The closest TSB branch still available is in Preston city centre.

TSB has plans to close 70 of its branches nationwide in 2022.

A spokesperson said staff would have the opportunity to move to an alternative role in TSB.

The closure follows the shutting down of the nearby Barclays bank branch in 2020.

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