BREAKING: Natwest to close banks in Market Rasen and Caistor

Market Rasen's NatWest Bank EMN-150520-173856001

Market Rasen's NatWest Bank EMN-150520-173856001

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NatWest Bank has announced the closure of its Market Rasen and Caistor Branches.

The move has been attacked by Gainsborough MP Sir Edward Leigh, who is demanding a meeting with the chairman of NatWest.

“These branches are important for local residents and businesses, and their possible closure will be a source of great inconvenience,” said Sir Edward.

“I’ve written to Sir Philip Hampton, NatWest’s chairman, objecting strenuously to this change and requesting a meeting with him to discuss the implications.”

“Given the increasing opportunities in rural towns, the mutual interest of people in Market Rasen and Caistor on the one hand and NatWest on the other is at stake, so I hope an agreeable solution can be found,” he said.

NatWest plans to close the Market Rasen branch on September 1 and the Caistor branch on August 25, moves the bank describes as “difficult.”

The bank blames changing customer use for banks, saying the number of transactions at the Rasen branch has dropped 17% since 2011, with just 76 customers using the branch on a regular weekly basis.

The Caistor branch, NatWest says, has seen a 16% drop-off in branch use since 2011, with it having just 36 customers using the branch every week.

The bank adds arrangements have been made for customers to use nearby Post Offices and it would be writing to customers to inform them of the branch closures and alternative bank arrangements.

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