The Ardee branch of Ulster Bank will remain open after it escaped a cull of 22 branches around the country that are set to be closed, including the Carrickmacross branch.
Ulster Bank announced the closure of 22 branches across 11 counties nationwide on Thursday afternoon. The closure of the branches will result in around 220 redundancies but after reports earlier this month suggested up to 30 branches could be shut, Ardee’s Ulster Bank has avoided such a fate.
Ulster Bank said an average of 30 customers per day used each of the affected branches in the past week. The Ardee branch is decidedly busier than that and has a larger customer footfall.
The closures are scheduled to take place in June and September and will leave Ulster Bank with 88 branches in the Republic of Ireland. Ten years ago, there were 190 Ulster Bank and First Active branches in the country.
Customers in Carrickmacross will now have to travel to other branches in Ardee, Dundalk or Castleblayney to carry out their banking business.
The affected branches include five in Dublin (Dalkey, Donnybrook, Dorset St, Rathmines, and Sandyford); four in Cork (Ballincollig, Blackpool, Carrigaline, and Fermoy); two in Donegal (Ardara and Raphoe); two in Cavan (Arva and Cootehill); two in Limerick (Castletroy and Newscastlewest); and two in Galway (Briarhill and Newcastle).
The other closures are Ballyhaunis in Mayo, Ballymote in Sligo, Carrickmacross in Monaghan, Edenderry in Offaly, and Edgeworthstown in Longford.
The bank said the announcement follows a customer shift away from traditional in-branch banking towards digital outlets, saying that in 2016 62% of Ulster Bank’s customer interactions were digital, compared with 10% in person in one of their branches.
Last year, both AIB Bank and Bank of Ireland in Ardee underwent extensive interior renovations to make their branches more digital friendly. There are now more ATMs, self service lodgement machines than before whilst both banks provide access to online banking in branch.