Cumnock's last remaining bank has been earmarked for closure.

The Bank of Scotland branch on Townhead Street is set to close at the start of next year.

Lloyds Banking Group, which owns the Bank of Scotland, say the decision has been taken because the number of customers at the branch is falling.

Cumnock's Bank of Scotland has a listed closure date of February 12, 2024.

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Customers are due to be contacted about alternative banking services that are available to them.

The news came just 24 hours after it was announced that a new 'banking hub' is expected to be set up in the town. 

Lloyds Banking Group say that if the new hub is not up and running by the listed closure date, the Bank of Scotland branch will be kept open until June 2024, to allow for a smooth transition of banking services in the town.

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Lloyds Banking Group added that the nearby Post Office, which is a three-minute walk away at 17 Lugar Street, offers personal and business customers everyday banking services, access to cash, paying in of cheques, and more.

They added that the nearest free-to-use ATM is a short walk away (0.1 miles), and there are seven free-to-use ATMs within two miles of the closing branch.

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No jobs are set to be at risk with the closure, as colleagues who work at the branch will be offered a role at another branch or in another part of our business.

A Bank of Scotland spokesperson said: “As many customers now choose to bank online or through their mobile app, visits to our Cumnock branch have fallen over recent years. 

"Customers can use the local Post Office for everyday banking which is a short walk away, access cash at the nearby free-to-use ATMs, alongside other ways to bank such as over the phone and online, or the new Banking Hub once it is up and running.“