Ulster Bank are set to close 11 branches in Northern Ireland, one being in Portrush.
A spokesperson said that this was down to the “radical” change in banking and the increase in reliance on digital technology to carry out transactions.
Speaking to Causeway Coast Community Alderman Norman Hillis said “This is a disaster for Portrush. Tourism is on the up and this was the very last bank in the town. The Open is coming in 2019 and there is going to be no bank in the town. There are a complete lack of cashpoints in the town already and this cause greater problems as there is at present.
Sean Murphy, managing director, personal banking, Ulster Bank in Northern Ireland said: “Ulster Bank will close 11 branches in Northern Ireland in May and June 2018. Banking has changed radically in recent years.
“More and more of our customers are using digital technology and fewer are using our branch network. While we continue to keep our network under review in response to changing customer demand, we still have Northern Ireland’s largest bank branch network.
“As a result of this process, we will be seeking a reduction of 40 roles and we remain committed to managing this on a voluntary basis.”
Mr Murphy went on to say : “Closing a branch is never an easy decision and one we do not take lightly. Recognising that customers expect different services from their bank, we continue to invest in a range of channels to improve access in a sustainable way, such as our 24/7 telephone banking, online and mobile banking, and our services available through the Post Office.”
Thee branches to close include Ballyclare, Dromore, Moira, Draperstown, Dungiven, Portrush, Killyleagh, Rathfriland, Castlederg, Irvinestown and Stewartstown.