BANK OF IRELAND TO CLOSE 103 BRANCHES INCLUDING CLONES AND CASTLEBLAYNEY

5 March 2021 No Comments by The Northern Standard

‘WRONG DECISION AT WRONG TIME’ – CARTHY

Michael Fisher

In another blow for banking services in Co. Monaghan, the Bank of Ireland announced on Monday it was closing its branches in Castleblayney and Clones, along with Cootehill and Kingscourt in Co. Cavan, as part of a major re-organisation. Sinn Féin Deputy Matt Carthy said it could be potentially devastating for the towns affected and described it as “the wrong decision at the wrong time.”

A senior bank executive said it remained committed to Co. Monaghan and the changes would allow the company to invest in its other branches in the county as well as digital services. No branches will be closed within the next six months. The Irish taxpayer has a 14% stake in the bank. The Bank of Ireland move comes just two weeks after the Ulster Bank announced a ‘phased withdrawal’ from the market in the Republic over the coming years. This will involve the closure of its branch in Monaghan …

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