Haverhill branch of HSBC to close

HSBC is shutting its Haverhill branch
HSBC is shutting its Haverhill branch

The high street bank, HSBC, is to close its Haverhill branch.

It has been announced that the bank will close its premises on Haverhill’s High Street on October 16.

The bank announced in June that it was to shut 1,057 UK branches.

Town clerk, Colin Poole, said: “We received a letter about this today (July 23). The staff have been told.

“Clearly, banks pulling out means more people will have to rely on the Post Office. You don’t know how reliable the Post office is going to be. It seems a surprising move.

“I know they have problems, but Haverhill is not a village. This is a town with about 30 thousand people and will soon be larger still. It’s a peculiar business strategy.

“It could be as simple. I understand the lease is finishing there. Maybe their bean-counters think they can walk away without any complications.

“It’s not about Haverhill as a specific branch, it’s a quick win for the bank.

“It doesn’t do much for their customers. There are other banks in town, though. There are building societies, as well as the credit union.”