Motion · S5M-03519 · 19 Jan 2017

Closure of Airdrie Savings Bank

Lodged by Alex Neil Standard Motion 20 supporters

The motion

That the Parliament notes with concern the closure of Airdrie Savings Bank (ASB); understands that ASB was the last survivor of Britain's independent savings banks; recognises that the people who ran it, many of them on a voluntary basis at board level, are now having to face this closure because of the very tight regulatory regime that now exists for banks in the UK; believes that the consequences of the 2008 financial crash meant that it became impossible for a small bank such as the ASB to survive; notes with concern that up to 70 staff will lose their jobs over the next few months, and urges the Scottish Government and all relevant agencies to support the people affected by the closure.

Supporters (20)

Source: the Scottish Parliament motions and amendments record.