Prominent Fermoy business owner and chairperson of Fermoy Enterprise Board, Michael Hanley, has expressed his regret at the imminent closure of Ulster Bank in the town after 10 years in business, using the loss of the bank’s physical branch in Fermoy as an example of the impact of online shopping and technological advancements on rural towns around the country.
Mr Hanley said the closure of the Fermoy branch should not be seen as a reflection on the town itself, but rather as a reflection of the ‘disgusting side’ of banking today.
The Fermoy branch will close this Friday, June 16th and will be absorbed into the Mallow branch of Ulster Bank.
Speaking to The Avondhu this week, Mr Hanley said the town of Fermoy would be all the poorer for the departure of Ulster Bank. “
They were an excellent bank, providing a good sense of balance in terms of the competitive aspect of banking in the town. There were very nice, decent employees involved with the bank, I’m very sad to see them go.”
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