Bank Closure Protest - Calls to Move IOM Gov Bank Accounts
Sat, 19 Sep 2020
Picture by John Shakespeare (Facebook) who attended the protest this morning
A protest against the closure of the Peel branch of Isle of Man Bank has attracted a large crowd this morning, with some calling for the Manx Government to close their accounts.
RBS, the owners of Isle of Man Bank announced they’d be continuing to close local branches across the Island with Peel and Castletown becoming the latest casualties.
RBS has previously closed Isle of Man Bank as a separate legal entity and control of the operation is based in the Channel Islands.
The decision has been met with anger by residents across the Island who say that local businesses rely on counter services to operate. Another protest was held in Castletown yesterday by locals also angry about the closure of their branch.
IOM Bank is the IOM Government’s principal bank, with many millions of pounds of taxpayers cash believed to be held in the accounts. Some protestors have called for the Isle of Man Government to close all their accounts with Isle of Man Bank and move to another bank.
The area’s MHK’s Ray Harmer and Geoffrey Boot were also joined by the Chief Minister Howard Quayle and the town’s former MHK and MLC, Tim Crookall at the protest.
The Bank say that the branches are no longer viable with so many transactions carried out online.
The branches are due to close in January next year.
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