ACC BANK is closing seven branches, relocating 38 staff and withdrawing cash services from its branches as it focuses exclusively on business customers.
ACC, which is owned by Dutch financial group Rabobank, said that it was closing the bank's branches in Dundalk, Naas, Portlaoise, Carlow, Longford, Mallow and Bandon from January 16th and removing cash services from all locations in its business.
The bank said in a statement that cash services were being removed "as part of an ongoing process to position the bank for growth in its chosen market, serving business customers".
ACC, which was acquired by Rabobank in 2002, has said it will continue "to actively seek to open current and deposit accounts for business customers who do not have a cash service requirement".
The bank, which currently has 32 branches, said that customers at the bank's offices in Portlaoise and Carlow will be moved to Kilkenny, customers in Mallow and Bandon to Cork city, customers in Longford to Mullingar, customers in Naas to Dublin and the customers in Dundalk to Drogheda.
The bank said that following a detailed review of its operations it would be investing significantly in new business premises in Cork, Kilkenny and Limerick and that it would be refurbishing its other branches.
The 38 staff in the closed branches will be moved to other locations within the bank.
ACC Bank is not protected by the Irish bank guarantee scheme, but is covered by the Dutch bank deposit protection guarantee which is capped at €100,000.
