HSBC has announced plans to close 62 branches around the UK, which includes two branches in Pembrokeshire – Fishguard and Narberth.
The decision to close the branches is a result of the bank seeing a rise in customers using their online banking services, rather than visit the brick and mortar premises.
The bank claims this will be the only cuts to be made in 2017, which will leave the total number of premises left in the UK at 625.
The Head of Retail Banking and Wealth Management for the UK and Europe, Francesca McDonagh, said: “The decision to close these branches ensures a more sustainable branch network for the future as we continue to invest in our digital platforms and our people.”
“The way our customers bank with us is changing. More customers are using mobile and internet banking than ever before, innovation such as Touch and Voice ID has proved extremely popular, and fewer people are using branches.
“Our priority now is to work with our colleagues, our customers and the communities impacted by today’s announcement.
“We are contacting customers to explain the decision and help them with alternative ways to bank with us.”
Commenting on the closures, Stephen Crabb MP said: “The closure of HSBC in Fishguard is hugely disappointing. The use of online banking may have risen, but I believe there is still a place for high-street banks on our high-streets.
“Fishguard is set to lose both HSBC and Lloyds Bank this year, and for a town which is looking to regenerate, this will prove to be another blow.”
