Published and Promoted by Carys Price on behalf of Chris Elmore both at 44a Penybont Road, Pencoed, CF35 5RA.

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Local MP Speaks Out on Bank Closures

February 17, 2018

Chris Elmore, MP for Ogmore, has expressed his anger at the continued closure of local banks across Ogmore.

 

Following the decision of Natwest to close its branches in Maesteg and Pencoed, Mr Elmore’s constituency now only has one bank to serve its 58,000 residents. 

 

During a recent debate in Parliament, Mr Elmore stated that the developing programme of closures of banks across the UK was a “shocking failure of the banking system”.

 

Speaking after the debate, Mr Elmore said: “Whilst I understand that many of our banking services are available online, we can’t have a situation where all of our high street bank branches close. There are many people without good access – or indeed any access – to the internet – and we cannot just leave these people behind. The banking sector needs to realise it has a responsibility to give back to the communities which have supported it financially over many, many years.”

 

Natwest announced that they would close the branches in Maesteg and Pencoed alongside a series of national closures in June 2018.

 

Following the decision, Mr Elmore and Ogmore AM Huw Irranca-Davies met with Natwest to stress the need to continue reliable and accessible community banking facilities across Bridgend County Borough, Rhondda Cynon Taf, and further afield.

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