Council remove funds from HSBC - Community

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Council remove funds from HSBC

Published on 13/08/2012 17:07

IT may be the bank that likes to say “yes” but parish councillors in Woodhall Spa have said an emphatic “no” to the HSBC.

The bank sparked a wave of controversy in Woodhall Spa when it confirmed it was closing its branch on The Broadway this month.

Despite a high profile campaign featuring East Lindsay District Council leaders, local MP Sir Peter Tapsell and a petition signed by more than 1,000 residents, HSBC stressed it was closing the branch - the last bank in Woodhall Spa - because of a fall in custom.

Woodhall Spa Parish Council banked with HSBC but has decided to transfer all its business to the rival Co-op Bank.

Parish council chairman David Clarke stressed the decision was not based solely on HSBC’s pull-out.

He pointed out the decision would allow the parish council to continue to deposit money in Woodhall because of the Co-op’s banking arrangements with the Post Office.

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