Business, Ferndown | Posted on November 5th, 2025 | return to news

Ferndown banking hub proposal rejected

Ahead of the closure of the local Lloyds Bank branch, Ferndown Town Council applied for a banking hub to be set up in the town.

The town of Ferndown is set to lose its last high street bank on 17 November when Lloyds Bank closes the branch on Victoria Road.

In anticipation of the closure, and to ensure residents had access to bank services, Ferndown Town Council submitted a proposal to set up a banking hub in the area. Run by the Post Office and major high street banks, banking hubs offer a counter service for everyday transactions like cash deposits and withdrawals, as well as more complex needs.

However, Ferndown Town Council has shared the disappointing news that its application was unsuccessful.

In a statement, the town council said: “We would like to update our community on our recent application for a Banking Hub in Ferndown. Unfortunately, we were not successful on this occasion due to the extremely strict assessment criteria used in the selection process, which only considers access to cash for personal customers.

“Whilst this is disappointing news, it is not the end of the road. We are continuing discussions to explore how this vital service could still be progressed and remain committed to ensuring that accessible banking services are available for everyone in our community.

“This is a setback, but not a stop. We will be calling on the community for support as we move into the next stage of the process — your voices and backing will be crucial in helping us demonstrate the ongoing need for a local banking hub.

“Please keep following our updates and be ready to lend your support when the time comes. Together, we can continue working towards securing this important service for our area.”