'Branches safe until at least 2030' says Principality as other institutions leave the high street
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Principality Building Society, Wales' largest building society, celebrates its 165th birthday by announcing a commitment to maintaining its high street and community presence until at least the end of 2030.
Announced as part of the organisation's Annual General Meeting (AGM), Principality is extending its commitment to the communities it serves, recognising the importance of a high street presence, access to cash and in-person services.
This comes as other banks and building societies close branches across the country.
First established in 1860 in Cardiff, Principality now has 50 branches and 14 agencies across Wales and its borders.
Julie-Ann Haines, Chief Executive Officer of Principality Building Society said: 'As we celebrate 165 years of putting members first, I'm pleased to announce our commitment to maintaining a branch presence in the high streets and communities we currently operate in, across Wales and England until at least 2030, giving our members, colleagues and communities confidence.
'We are proud to have more branches than any other financial services provider in Wales. With news of recent closures from other financial providers, we maintain our local branches and evolve our access to cash services, recognising they are more important than ever.
'Our presence on high streets is unrivalled and brings benefits to communities across the country, today's announcement means Members can be assured that we'll retain our presence for years to come.'
They've also announced a recent partnership with shared banking innovator OneBanx to bring cash services to rural areas affected by bank closures. Buckley will be the first area in North Wales to receive access to the OneBanx technology, enabling customers of most major UK banks and building societies to deposit and withdraw cash without the use of a card. Sign up now for the latest news on the North Wales Live Whatsapp community
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