Bank closures ‘another obstacle’

This article is from page 6 of the 2012-07-31 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 6 JPG

THE loss of two branches of AIB in West Clare will have a devastating affect on local businesses. Kilkee businessman John Nolan said that the closure of the Kilkee branch is another impediment to businesses in the town. As a result of the bank’s closure, business people who carry out their business with AIB will now have to travel to Kilrush every day to lodge cash. He said that there is too much of a risk in leaving money on the premises overnight so they will have to make the 28-kilometre drive daily. A mobile unit muted for the town would not work as different businesses need to lodge cash at different times of the day, he explained. “Personally, I think it is very bad for the town at the moment to see the bank go at a time when other businesses are struggling,” he said. Mr Nolan now fears that the town’s only remaining bank – Bank Of Ireland – will close its branch too, leaving the seaside town without a banking institution. Meanwhile, business people in Kildysart will face a 63kilometre round-trip for their business transactions. Eddie Michaels, owner of Centra, said the town’s people are not very happy about the loss of the bank. “It is a very important service, especially to older people. People feel this is another service taken away. People are generally not happy,” he said. The business man added that he did not believe the mobile bank would be adequate for businesses trying to lodge cash, so business owners would have to travel to Ennis for their banking. “This is another obstacle that we have to get over, and we will have to,” he said optimistically.

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