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Tuesday, 31 May 2022

Muir working hard to save Holywood Ulster Bank

Alliance Party MLA Andrew Muir has said he is ‘extremely concerned’ after a recent announcement by Ulster Bank that a further nine branches in Northern Ireland will close their doors within the next three months including the last Bank left in the Town of Holywood. 

Ulster Bank is now part of the NatWest Group and the move comes as the parent company cites, ‘an increased demand for mobile and online services.’ 

Since the announcement, Mr Muir has been engaging with local Chamber of Commerce groups and the Financial Services Union on the issue and will be writing to the Chair of NatWest Banking Group, the Chancellor of the Exchequer and the head of Ulster Bank, highlighting the impact this will have on our local community and asking them to stop these planned closures. 

Speaking on the matter Mr Muir said, ‘I am incredibly disappointed to hear of Ulster Bank’s recent announcement to close a further nine Northern Ireland based banks, including the Holywood Ulster Bank Branch. This is a real body blow for people and businesses leaving Holywood without any Bank.’ 

‘This is now the only bank left open in the town and it will have a significant and detrimental impact upon the town. Whilst there is clearly an increase in the number of people using online banking services, there is still a very real need for a base in our Town Centres that people can easily access, especially those who do not feel comfortable with or are unable to access online banking.’ 

‘My thoughts are also with those families that will be devastated by this news with compulsory redundancies now on the horizon. Ulster Bank’s decision will have real and serious consequences just at a time when the Cost of Living is rising at an alarming rate. I will continue to engage with all those impacted by this news and reiterate that these planned closures should not go ahead.’