BARCLAYS Bank intends to close its branch in Llangefni, Anglesey on November 18.
This will make them the first of the “big four” main high street banks to close all of their branches on Anglesey.
Rhun ap Iorwerth, MS for Ynys Môn, admitted the move could prove damaging to his constituents.
Mr ap Iorwerth said: “This announcement from Barclays is another blow to my constituents on Ynys Môn.
“Last month, it was Lloyds announcing the closure of its Holyhead branch.
“When Barclays announced their Amlwch branch closure in 2017, they gave an assurance that their customers could continue to bank at either Holyhead or Llangefni.
“Five years on, and both those branches are closed or closing.
“Barclays becomes the first of the ‘big four’ banks to pull out of the island altogether, turning their backs entirely on customers who have been loyal to them and who enable them to make billions of pounds in profit.
“I have asked to meet with them to discuss further, but having gone through the process so many times already, I know they will not change their minds.
“As the big banks continue to abandon rural communities, I’ve written to Welsh Government to ask for moves to establish a Banc Cambria network as a new public bank for Wales to be accelerated.
“We don’t need a row of banks on each high street as in years gone by, perhaps, but we do need a banking presence in our communities – not everyone can, or wants to do their banking online, and some of the most vulnerable people and businesses still need face to face banking support.”