PLANNING permission has been granted for a new bank on Cork's northside.
Permanent TSB has been given the go ahead to open the new branch in Blackpool Shopping Centre, next door to an Ulster Bank premises that closed in recent weeks.
It is the first new banking facility planned for the northside in a number of years. The area has seen a number of institutions and branches close since the economic crash ten years ago.
In 2012, Permanent TSB closed four of its Cork branches, in Mayfield, Lapp’s Quay, Youghal, and Cobh.
These followed the closures in 2010 of branches on Cathedral Road and Togher.
The bank is now proposing to open a new branch in the Blackpool Shopping Centre. It will be located adjacent to Blackpool’s old Ulster Bank premises. The location of the planned Permanent TSB branch is underneath the Blackpool Library at Bowler House.
The MacCarthy’s home furnishings store, which is located in Bowler House, will relocate to another unit in the area.
Permanent TSB said the opening of the Blackpool branch is part of a wider plan by the bank to ensure an inclusive service to the people of Cork city.
"Blackpool is a strong retail area and currently customers from the area and the Northside generally who want to access the bank’s services are travelling across the city to visit one of our branches on Patrick Street and North Main Street. Permanent TSB’s presence on the Northside means it will be more convenient for these customers to bank with us with services now on their doorstep," a spokesperson said.
Permanent TSB said the new bank in Blackpool is a one off and not part of a wider plan to open new branches.
The bank, however, is investing in services in Ballincollig with their branch in the town undergoing a major refurbishment.