Barclays to pull out of Tonypandy and Ferndale - Leanne Wood - Rhondda Plaid Cymru

Barclays to pull out of Tonypandy and Ferndale


Reacting to the news that Barclays is to close two branches in Tonypandy and Ferndale, Leanne said: “This is part of a worrying trend we have seen elsewhere in the Rhondda. Past experience has shown us that when the last bank pulls out of town centres, it leads to a decline in footfall.

 “Even though more people use on-line banking services, many people still depend on having a bank close to hand. This is especially the case for businesses.

 “Even though they are only open three days a week at the moment, when Barclays close in Ferndale it will mean that there will then be no bank left in the Rhondda Fach. Residents will have to travel down to Pontypridd or over to Treorci.

 “Ferndale is a busy town centre. I am concerned that this move could jeopardise the town centre’s businesses. Moves to regenerate Tonypandy – which has struggled in recent years – will be undermined by this development.”

Leanne added: “The banks have shown us time and time again that they do not care about their customers, or the service that they provide for them.

 “Plaid Cymru is leading the call to create a new bank in Wales for the people of Wales, one that will open banking locations back in communities that have lost their ‘High Street’ banks.

 “Something needs to be done, sooner rather than later, as town centres and people heavily rely on local bank branches.”

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