Anindita Chatterjee
Updated on: October 16, 2024 5:33 pm GMT
In a significant change of plans, Ulster Bank’s Downpatrick branch will now remain open, countering previous announcements about its closure. This decision comes amid new legislation aimed at enhancing free access to cash in local communities.
Change in Closure Plans
<pUlster Bank had originally slated the Downpatrick branch for closure on November 19, 2024, as part of a larger plan to shut ten branches across Northern Ireland. However, following the new legislation, the bank announced it is halting the closure for now.
SDLP councillor Gareth Sharvin shared the news on Facebook, emphasizing the importance of the legislation aimed at protecting cash access. He stated, “In light of new legislation to further protect free access to cash in our communities, Ulster Bank is working with the FCA and industry to provide further detail on cash services available in the Downpatrick area.” Sharvin noted that the Downpatrick branch would continue to operate during its standard hours.
Impact of Legislation
The withdrawal of the closure notice highlights the bank’s response to community needs. The new legislation encourages banks to think about the local impact of branch closures, ensuring that people still have places to access cash.
Ulster Bank also stated that it is committed to supporting its customers in other areas facing closures. The bank plans to communicate details about the adjustment with its customers.
Branch Closure Plans
Initially, the bank intended to shut branches in several locations across Northern Ireland, including:
- Ballynahinch
- Crumlin
- Glengormley
- Belfast’s Kings Road
- Ormeau Road
- University Road
- Lisnaskea
- Lurgan
- Waterside in Londonderry
After the closures, Ulster Bank would have retained only 25 branches in the region. In response to these plans, the Financial Services Union has campaigned for banks to avoid further closures over the next five years.
Commitment to Community Support
Beyond branch operations, Ulster Bank has shown a strong commitment to community welfare. The Omagh branch is actively participating in the “One Week in September” campaign to support NI Hospice, a charity providing critical palliative care.
Fundraising Efforts
This year, the Omagh team kicked off their fundraising activities with a Dragon Boat Race in Belfast on September 13, where staff from different branches competed. The local team has also organized several initiatives, including:
- A coffee morning at the High Street branch
- A street collection in the town and at Omagh Mart
- A movement challenge tracked on social media under #moveforthenihospice
Additionally, on September 19, staff at the head office participated in a friendly Bake-Off style competition to raise funds.
Previous Fundraising Success
Last year’s fundraising efforts were remarkable, bringing in an impressive £160,000 for NI Hospice. This year, the team is optimistic about surpassing that total, with Terry Robb**, the Head of Retail Banking at Ulster Bank, expressing confidence in the staff’s commitment to the cause.
Conclusion
Ulster Bank’s decision to keep the Downpatrick branch open reflects a responsiveness to community needs in light of new legislation aimed at ensuring cash access. While the future of other branches remains uncertain, the bank’s continued support for local charities illustrates its dedication to the people of Northern Ireland. Customers in Downpatrick can breathe a sigh of relief, knowing their local branch will remain available, while community fundraising initiatives continue to make a positive impact.
Ulster Bank is doing a lot to help the community. They support local projects and events to make a positive difference.
