READING EAST'S MP has spoken out following the news that Nationwide bank is set review its closure of its branch in Caversham - the only bank left in the entire town.
The bank had decided to close its doors in April, however dispute over the closure from disgruntled locals has meant that Nationwide, who claimed a loss in footfall was the reason for the closure, has agreed to renew its decision.
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Helen Lambert, chairman of the Caversham and District Residents Association (CADRA), said: "CADRA is in correspondence with the Nationwide and asked to join the meeting with Building Society Managers.
"We believe the decision to close shows insufficient understanding of the local situation and and has been based on selective use of data.
"The communication with members has been patchy at best.
Nationwide, Caversham
"As the last bank or building society in Caversham and a potential catchment approaching 40,000 people, we believe Nationwide has missed real opportunities and risks losing members."
The local MP Matt Rodda showed his support for the cause, urging residents to use the branch if possible, in order to increase the likelihood of making it stay.
Matt Rodda, Reading East MP, said: "I am delighted that local campaigners got the Nationwide to agree to review their decision to close the Caversham branch.
"The branch is a vital local service and is the last bank or building society in Caversham and Emmer Green.
"The meeting with building society managers was constructive and campaigners were able to ask some challenging questions.
191293 Matt Rodda at Reading general election count pic chris forsey 12/12/19
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"Managers have agreed to review the closure and are still considering the issue. However, they could still press ahead.
"I would urge residents to have their say by completing my survey on this issue and also to use the branch if possible."
To complete the survey, visit mattroddamp.com/content/nationwide-caversham.
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