Coventry Building Society set to close

Published on: 03 Feb 2016

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DOWNEND village centre will suffer another blow this spring with the closure of the Coventry Building Society agency.
This follows the loss of NatWest bank last month and the Co-op bank, formerly a building society, in December 2014.
Only Lloyds and HSBC banks and the Yorkshire Building Society agency remain, leading to concerns about how the many elderly residents in the area will manage their banking.
Customers of the Coventry, which is rated one of the best performing building societies in the country, have been told they will have to use branches in Chipping Sodbury, Keynsham or Bristol following the closure of the agency when the owner retires.
The building society said in a letter that it had looked at alternatives but these had not been successful.
“I know that losing the agency may inconvenience you and I am very sorry about this but I can reassure you that there will be no change to your account as a result of the agency closing.” the letter said.
Martyn Poole, the Downend and Bromley Heath parish councillor who leads on services for older people said he was very disappointed to hear of the closure.
“It is a great pity,” he said. “It is a long way to the next nearest branches of the Coventry. Older people, if they have a little bit of savings, like to put it in a building society. This only leaves Downend with the Yorkshire.”
He pointed out that the former NatWest and Co-op bank buildings remained empty, which was not good for the village centre.

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