Residents in Cricklade are due to have their banking options limited as Lloyds closes its High Street Branch on October 9.

Around 50 jobs at the bank will be put at risk locally. The banking giant revealed last week that it would shut 49 services across the country affecting 1,230 jobs, although it says it is creating 925 jobs for some of its staff to redeploy to.

Former Cricklade councillor and Wiltshire Credit Union organiser Rod Case said: “It’s been there for a long time, I’m going to miss it. I’m going to lose money from travelling to the next nearest bank which is fine for me but not all people are going to be able to do that.”

Of the 49 banks earmarked for closure eight belong to the Halifax network and the other 41 are Lloyds branches. After these cuts the group will have 1,750 branches in total.

Lloyds plans to run a banking van service in the town to alleviate the problems caused by the closure but details on the scheme remain vague.

Rod case added: “It went from a five-day service to a two-day service and everyone is really annoyed. They’re cutting down on services and its getting really bad.”

“Nobody from the top-end has told us about this closure. The van service might all run smoothly but we don’t know. People will only have one cash point to use at the Post Office.”

Councillors are meeting on Monday April 23 to discuss the issue but Mr Case is not optimistic about the outcome. “We don’t have much power over big business decisions,” he said.

Lloyds has reduced the size of its network as customers make the switch to online and telephone banking.

As the BBC reported, when chief executive Antonio Horta Osorio took over in 2011 Lloyds Banking Group had almost 2,900 outlets, of which more than 600 were were spun-off in 2013 under the TSB brand name.