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Barclays bank in Soham to close in May

Soham's branch is set to close (7205404)
Soham's branch is set to close (7205404)

Soham will be left without a bank after Barclays announced it will close its town branch.

The bank will shut its High Street premises on May 31, leaving residents in one of East Cambridgeshire's largest towns without access to a bank close to home.

The closure comes just months after Lloyds Bank shut. In October its branch closed and customers were told to travel to Newmarket or Ely to use the bank in person.

Lianne Coupland, deputy community banking director at Barclays, said closing branches was 'never an easy decision'.

"We are finding that customers are increasingly using other ways to do their everyday banking and our records show a low and falling level of transactions at the branch with a 21% fall in the last 24 months.

"Additionally, 81 per cent of our regular customers also use other ways to do their banking such as online and by telephone and only 57 regular customers use this branch exclusively for their banking.

"This closure means our nearest branches will be at Ely, Newmarket and Mildenhall."

There are no redundancies at the bank, with staff set to move to other branches.

Lucy Frazer, Soham's MP, said the closure was a 'very disappointing development'.

"I will be meeting with representatives of Barclays in the near future, and will be urging them to reconsider this proposal. If you are concerned by this change, or are likely to be affected by it, please do contact my office so that I can represent your views in any upcoming discussions," she said.

With the rise in online banking, banks are closing High Street properties. Last month Santander told its customers it will be closing its Newmarket outlet on May 30.