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Building society branch rebrand means no closure

By Burton Mail  |  Posted: March 21, 2014

21/03/14 GV of Dshire building society - Derbyshire Building society, Station Street Derbyshire Building Society, Station Street..

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BRANCHES of a high street building society in Burton and South Derbyshire have been saved from the axe after a major closure programme was announced.

The parent company of the Derbyshire Building Society has revealed that branches in Station Street, Burton, and Swadlincote High Street will not close but will be rebranded as Nationwide.

The plans, which form part of a programme to integrate the Derbyshire brand into its estate, Nationwide Building Society, will also see the Nationwide branch in Ashbv integrate with nearby branches.

Nationwide first announced plans to integrate the Derbyshire brand within its business in May last year. The changes are due to take place over a single weekend this winter.

In a statement, Nationwide said: “The group has looked closely at its sites in and around Derbyshire and considered a number of factors before making any decisions.

“When determining how the new network would look, one of the key considerations was to minimise impact on customers.

“Subsequently, the new footprint will ensure 89 per cent of Derbyshire customers are within five miles of a Nationwide branch, an increase from 69 per cent under current arrangements.

“Customers of the Derbyshire will have access to 27 branches when the new network in the region is in place.

“Nationwide aims to retain as many employees as possible, with redeployment to other branches in the network or across the wider business.

“Where redeployment is not possible, employees will receive training, support and advice on future opportunities.

“No employees are at formal risk of redundancy and we continue to work with them on how the changes may affect them.”

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