Barclays in move to lease back bank

PUBLISHED: 12:20 15 March 2007 | UPDATED: 15:03 12 May 2010

Barclays Bank

Barclays Bank

RESIDENTS in Buntingford were concerned when an auction sign went up outside Barclays Bank. And The Crow received a number of calls from residents concerned that they were about to lose their bank. However, the bank is simply selling the property in the

RESIDENTS in Buntingford were concerned when an auction sign went up outside Barclays Bank.

And The Crow received a number of calls from residents concerned that they were about to lose their bank.

However, the bank is simply selling the property in the High Street - and will then lease it back.

A Barclays spokeswoman said: "Residents need not worry. A number of Barclays banks have decided to sell off their properties, but will be leasing it back.

"We've had enquiries from concerned residents, but I have assured them that it is business as usual."

Ross Craddock, of Buntingford, said: "Initially I was worried, but it's great news that it's staying open.

"Banks are disappearing from the high streets and if it did shut I think it would have a big affect on the town's businesses."

Another resident, who has been with Barclays for more than 30 years, said: "We would be in a lot of trouble if it closed.

"This bank is one of the few things that holds the town together. I use it once a week and I know that I would be lost without it."

The auction of the property is set to take place on Wednesday March 28.


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