Lloyds TSB in bank closure talks with Waverley council

Talks are under way between Lloyds TSB and a Surrey council over the closure of a rural branch, the bank has said.

Lloyds TSB is due to vacate its branch in Farncombe in December, but Waverley Borough Council has joined residents and businesses to oppose the move.

Waverley council has said the closure will have a serious impact on the local economy.

But the bank said customers could use a branch in Godalming and discussions were ongoing with the council.

Essential facility

Lloyds TSB issued a statement which said: "We are vacating the Lloyds TSB branch on Farncombe Street in early December.

"We have written to customers who use this branch to inform them that their nearest Lloyds TSB branch will be just over one mile away on Godalming High Street.

"Alternatively customers are able to transact at their local post office which is also on Farncombe Street.

"There are no changes to customers' accounts. We are involved in ongoing discussions with the council about the situation."

Earlier this week, councillor David Munro said he would be writing to the bank's chief executive about the move.

He said Lloyds TSB had already closed two other rural branches in Elstead and Chiddingfold, but banks were an essential community facility.

Mr Munro said it would be difficult for Farncombe residents to get to the branch in Godalming.

He also said the closure would be "one more reason not to go to Farncombe" and would have a knock on effect for other retailers and local businesses.

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