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newsMar 14, 20261:27

Coalville Fights for Banking Hub, Despite LINK's Denial

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Coalville, Leicestershire, faces bank branch closure, prompting local leaders to appeal against LINKs decision to deny a banking hub. MP Amanda Hack and councillors argue the town meets criteria, citing numerous small businesses and vulnerable residents needing face-to-face banking. LINK, however, maintains that free ATMs, Nationwide branch, and nearby Post Offices serve as adequate alternatives. The appeal challenges LINKs data, with officials hoping for a reversal to keep services close by.

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Coalville Fights for Banking Hub, Despite LINK's Denial

Leicester News Today | 2 Min News | The Daily News Now!

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Full transcript

Leicester News Today | 2 Min News | The Daily News Now!Coalville Fights for Banking Hub, Despite LINK's Denial. Machine-transcribed; use the interactive transcript above to jump the player to any line.

This is Corey with Lester News today, powered by the Daily News Now. Colville in Lestershire is facing a push from local leaders to get a banking hub after plans for one were turned down. The town will soon lose its Lloyds bank branch, leaving just a nationwide office behind. Il INK, the group that handles these hubs, checked the area but said no. A banking hub lets major banks share space and serve customers on rotating days. Il INK looked the cash access needs when the branch closure loomed but decided existing options were enough. Now, MP Amanda Hack and two counselors are fighting that call with a formal appeal. Hack says the town meets the criteria, especially with many small businesses and vulnerable folks who need face-to-face banking. She worries people without easy travel or online skills plus cash reliant shops will struggle if they have to go farther. Il INK points out free ATMs, the nationwide branch, and three nearby post offices as

solid alternatives. They visited Colville to assess local needs before making their choice. The appeal challenges LINK's data on businesses and vulnerable residents. Officials hope for a reversal to keep services close by and they're waiting to hear back. Dean is sponsored by our partner. Check out the episode description. Stay back, press play, let the pillow do the rest, sound meets comfort, S-O-L-I-S-O-L-Pillow.com.

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