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Business

Former H Samuel in Norwich will become a Co-operative Bank

The former H Samuel store in Gentlemans Walk, Norwich, will be transformed into a branch of The Co-operative Bank. The jewellers vacated the space in March 2020 due to the impact of the Covid-19 pandemic, leaving the premises empty for over three years. The proposed renovation plans include installing a contemporary shopfront entrance and an ATM machine. The ground floor will be transformed into a space for counters and offices, while the lower ground floor will be converted into an archive and communal staff area. Additionally, the location of the litter bin outside the building will be changed.

The decision to convert the former H Samuel store comes at a time when the Norwich area is experiencing a decline in banking services. The Co-operative Bank’s move to open a branch in the city is expected to alleviate some of the concerns regarding limited access to banking facilities. Earlier this year, the Co-operative branch in London Street was put up for sale, and the closure of the Mile Cross NatWest branch will leave the suburb with only one bank. In response to the increasing number of branch closures, the government is considering regulations that would require banks to ensure customers have access to cash within a three-mile radius. Failure to comply with these regulations may result in fines from the Financial Conduct Authority.

The renovation plans for the former H Samuel store indicate a commitment to providing banking services in the Norwich area. The installation of a contemporary shopfront entrance and an ATM machine will enhance the overall appearance and accessibility of the branch. The conversion of the lower ground floor into an archive and communal staff area suggests a focus on streamlining operations and improving working conditions for the bank’s employees. Additionally, the relocation of the litter bin demonstrates attention to detail and a desire to create a clean and inviting environment for customers.

The announcement of the new Co-operative Bank branch in Norwich has been met with anticipation and relief by residents. The decline in banking services has been a cause for concern, as individuals and businesses in the area rely on these facilities for everyday banking transactions. The government’s proposal to hold banks accountable for ensuring access to cash within a three-mile radius adds pressure on financial institutions to prioritize customer service and convenience. Overall, the conversion of the former H Samuel store into a Co-operative Bank branch is seen as a positive development for the Norwich community, providing much-needed banking services in the city.

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