CONCERNS have been raised after the announcement a bank in Malvern Link will be closing down later this year.

Lloyd's announced its branch in Malvern Link will close down on October 26 this year, with residents expected to either visit the branch at Belle Vue in the town centre, or visit the post office instead.

The banking giant said reduced footfall was behind the closure, with fewer people visiting the bank than in the past.

A spokesperson for Lloyd's said: "Visits to our Worcester Road branch have fallen over recent years, as many customers now choose to bank different ways.

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"When the branch closes in October, customers can continue to bank in person with us at the Belle Vue Terrace branch or the local Post Office on Worcester Road."

According to the bank, 72 per cent of its customers already use alternative methods of banking such as by phone or online.

They also added there are 14 free-to-use cash machines within a mile of the Malvern Link Branch.

West Worcestershire MP Harriett Baldwin spoke out about the closure, calling it a disappointment to the many elderly residents who still use it.

She said: "It is extremely disappointing to hear that Lloyds is further withdrawing from the local high streets and handing over business to local post offices.

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"I understand that a quarter of Lloyds customers using their local branch in Malvern Link are aged over 75 and my principal concern is for them.

"Whenever a branch closure is announced, the news causes anxiety for these customers and I am hoping that the bank will do its best to support them.

"I’m glad that the local post office has had a recent refurbishment and I will be watching this matter closely to ensure that the store is able to cope with the extra work.

"I plan to talk in more detail about this planned closure with Lloyds Bank’s management and I’ll be keeping a close eye on how this affects both its customers and also the wider trading community."

Last year saw the closure of another town bank, when Barclays announced it was leaving.