More Derbyshire Building Society branches to close

Derbyshire Building Society The branches will close at the end of August

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Ten more branches of the Derbyshire Building Society are to close, its owner has announced.

Nationwide plans to shut the branches, eight in Derbyshire and two in Nottinghamshire, following a recent review of its operation.

There were also closures two years ago, which were blamed on slow trading and the close location of the branches to existing Nationwide branches.

The company said it was hoped staff would be redeployed to nearby branches.

Nationwide merged with the Derbyshire Building Society in 2008.

'Difficult decision'

The branches to close are at Allestree, Alvaston, Chaddesden, Normanton, Spondon, Duffield, Long Eaton and Somercotes, all in Derbyshire.

In Nottinghamshire, the Eastwood and West Bridgford branches are to shut.

Matthew Wyles, group distribution director at Nationwide, said: "As part of an ongoing review of the Nationwide business and its distribution arrangements, we have made the difficult but carefully considered decision to merge 10 Derbyshire branches on 31 August 2012 with other existing units.

"This decision is based on a number of factors including profitability, expiring leases and declining customer usage.

"We have written to all our customers who currently use the affected branches to explain the situation and provide information on other accessible branches and alternative services.

"The next nearest branch is on average two miles away."

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