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Co-op bank to remain in Northampton town centre

Co-op Bank Abington Street, Northampton.

Co-op Bank Abington Street, Northampton.

The Co-operative Bank has revealed more details about plans to close its branch in the centre of Northampton.

Last month, the bank announced plans to close 37 branches across the country, including the one in Abington Street, Northampton.

It has now been confirmed however that the town centre will keep a branch of the Co-op, just in another location.

A spokesman for the bank said: “The Co-op branch in Abington Street will be moving to the nearby Britannia building, which is also in Abington Street.

“The bank will be re-branded as a Co-op and we expect the move to be made by the end of the year.”

The Co-op will have just over 300 branches following the nationwide closures, but it is poised to buy more than 630 that are being off-loaded by Lloyds Banking Group.

Its deal with Lloyds is worth up to £750 million and will boost its branch network to nearly 1,000, adding another 4.8 million customers to its existing 6.5 million base.

The group has cut around £70 million in costs following its Britannia merger in August 2009 and had originally planned a three-year integration to combine the businesses.

 

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