The Spalding branch of The Nottingham Building Society is to close by the end of the year.
It, plus nearby branches in Bourne and Stamford are among 17 branches the group has said are to shut.
The Spalding branch in Sheep Market has only been The Nottingham since 2017 when it took over the Sheep Market premises which was previously the Norwich and Peterborough Building Society.
Kathryn Kitson, head of branch network at The Nottingham, said: “Following a thorough review of how our members are using our network, it became clear that we have too many branches for the size of building society that we are.
“Since Covid, whilst some members have returned, many have not, leaving a number of our branches with very low levels of transactions and usage.
“Therefore, we’ve made the hugely difficult decision to close 17 branches in locations where the level of activity in the branch has reached a point where it is no longer sustainable.
“We appreciate this is disappointing news for both the members who use one of the affected branches, and our colleagues who work there.
“However, we have been thorough and considered when making decisions on which branches to close, trying to ensure there are options in place for more vulnerable members and also taking into account the impact on the communities our branches serve.
“The decision to close branches is never one that is taken lightly so our absolute priority is doing all we can to provide the best possible support for all those impacted by these changes.”
The branches to close are Ashbourne; Bourne; Crystal Peaks; Fakenham; Leicester City; March; Matlock; Melton Mowbray; Rothley; Scunthorpe; Skegness; Spalding; Stamford; Stapleford; Thetford; Wigston; Wollaton
