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Concern as Lloyds announces the last bank in Moseley will close

Concern as Lloyds follows in the footsteps of Barclays and HSBC in announcing it will close its branch in the village

Lloyds bank, on Alcester Road, Moseley
Lloyds bank, on Alcester Road, Moseley

It's cashing up time after the last bank in Moseley announced it was closing.

Lloyds bank, which stands on the corner of Woodbridge Road and Alcester Road, has announced it will be closing in June.

The closure comes after Barclays and HSBC also exited the village in the last 18 months and campaigners have said it will make life harder, particularly for older people.

The banking giant said it took the decision because they had another branch on the Alcester Road South in Kings Heath.

Moseley Forum, a community group which covers 9,000 households, said: "The loss of Moseley's last bank is not surprising given the closure of Barclays and HSBC in the past 18 months.

"However, we are concerned about the potential loss of two vital free to use ATMs in the village. Particularly at a time when there is arguably a growing need for such a service with the opening of so many new venues in the area and the popular music festivals.

"We are also concerned for those members of the community that still rely on counter services to manage their personal banking, particularly the elderly and vulnerable."

Lloyds said there were more than 30 free ATMs within three miles of the Moseley branch and 91 per cent of its Moseley branch customers already used alternative branches.

A Lloyds spokesperson added: "We apologise for any inconvenience that this may cause and have informed customers of the closest alternative branch, which is in Alcester Road South, Kings Heath."

It is not yet clear what will happen to the building but there has been a trend in turning former bank branches in Moseley Village into coffee shops run by national chains.

Former Barclays branch in Moseley
Former Barclays branch in Moseley

A planning application was submitted in January to turn the former HSBC building on Alcester Road, into a craft beer and cocktail bar, restaurant and ten-bedroom hotel.

Davenports brewery, which is behind the scheme, said it would restore the front of the building if plans were passed.

In December, Costa Coffee was given the go-ahead to convert the former vacant Barclays bank building, in St Mary's Row, into a 65-seat café - despite fierce objections from locals who said it would ruin the character of the shopping area.

Costa Coffee hit back saying that, as well as breathing new life into a vacant building, the new store would "deliver over £250,000 in fresh investment and create around nine new jobs for the local area".

In September, the Prince of Wales pub launched a Keep Moseley Special campaign against the arrival of the Boston Tea Party chain to the area.

The Lloyds branch will close on June 9.

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