Frome has its own banking crisis ! They are disappearing

By Susie Watkins

30th Apr 2023 | Local News

A bank on every corner in Frome?
A bank on every corner in Frome?

Visitors to Frome are often impressed by the landmark buildings, the charming streets and the arts scene.

But until recently they were also impressed that Frome, as befits a market town, still had a bank branch on every corner.

But that is about to change, and the bank closures have now come to town.

Figures show 5,162 bank and building society branches have closed since January 2015 with a further 206 branches set to close by the end of 2023, according to Which? magazine. They will include the town's HSBC bank and the NatWest on the corner of Cork Street.

Now a new group in the town is hoping to try and find alternatives to the bank branch closures, or even ambitiously, try and reverse those already planned.

There has already been one meeting, specifically involving the Frome business community who don't know where they will be able to access loans for micro businesses, or where to go for business advice and of course where they can deposit cash.

The group admits that saving Frome's banks may be far-fetched, but add : " if anywhere can do this, Frome can! If you have ideas, please join us for our second meeting. " They are meeting May 4, from 6pm at the Cheese & Grain.

For more information contact Jean Boulton on [email protected]

     

New frome Jobs Section Launched!!
Vacancies updated hourly!!
Click here: frome jobs

Share:

Related Articles

Road closures are possible, as are train and bus cancellations (image by Nub News)
Local News

Yellow weather warning issued for Frome

Frome Town Band at the lantern parade (image via Frome Town Council)
Local News

Light the Night – Road closures and important information ahead of Frome light switch on

Sign-Up for our FREE Newsletter

We want to provide frome with more and more clickbait-free local news.
To do that, we need a loyal newsletter following.
Help us survive and sign up to our FREE weekly newsletter.

Already subscribed? Thank you. Just press X or click here.
We won't pass your details on to anyone else.
By clicking the Subscribe button you agree to our Privacy Policy.