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Midshires&#39 branch closures a broken promise says BSA

The Building Societies Association says the announcement by Birmingham Midshires of plans to close 47 of its 113 branches amounts to a broken promise.

It says the former building society is going against it word to maintain “its existing branch network” following its £750m takeover by Halifax.

Halifax says the decision has been made by the Midshires board. The Board says the decision is a necessary one. More than 200 jobs may be cut, but the bank is saying it will try to “redeploy” staff.

In a statement to members before the takeover vote took place in November 1998, the then building society said: “The existing brand identity, branch network and product range will be maintained for at least three years.”

Building Societies Association director-general Adrian Coles says: “Most societies said conversion would enable them to offer better terms – and have produced worse terms. But I can&#39t think of anything as blatant as this.”


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