N & P branches to close in North Walsham, Sheringham and Wroxham

Just Regional
Jan 25, 2017 2 mins read

Norwich and Peterborough building society branches in North Walsham, Sheringham and Wroxham are among 28 to be closed under plans by The Yorkshire Building Society Group .

The group announced proposals to make changes to its branch network, product range and one of its brands with the aim to deliver better long-term value to its 3.3m customers.

The Yorkshire aims to close 20 Yorkshire Building Society branches in May and 28 Norwich and Peterborough (N&P) branches from September. It would maintain a high street network of 260 branches and agencies across the UK, with Yorkshire Building Society as the sole high street brand.

The Society plans to close its N&P current accounts to existing customers, and withdraw the N&P brand from the high street over the next year.

The Society will work with affected customers and will contact them to outline what these proposals mean for their specific circumstances.

Mike Regnier, Chief Executive of Yorkshire Building Society, said: “As a mutual, it is important that we always act in the best long-term interests of our membership and evolve the business in line with their changing needs. We believe these proposals give us greater focus on providing existing and future members with the things they want from us most: a safe place for their savings and funding to buy their own home, and providing these in an easy and simple way.”

“The driving forces behind the proposed branch closures are shifts in market conditions and an increasing desire among customers to transact digitally rather than on the high street. We therefore no longer believe it is the right commercial position for us to continue to maintain these 48 branches across the N&P and Yorkshire network.”

Other branches affected are Aylsham Road, Bowthorpe Main Centre and Chapelfied, Norwich.

More of what's happening in Cromer