News

First Trust building to go up for sale

Thursday, 27 July 2017

First Trust building to go up for sale thumbnail

THE former First Trust bank building in Armagh is to be put for sale by the end of August, a spokesperson for the company has revealed.
The historic building, which sits on the corner of Upper English Street and Abbey Street, has been closed since July 7 when the bank wound down its operations.
The nearest First Trust branches are now located in Lurgan or Dungannon, however the bank has stressed that its customers in Armagh can use the Post Office instead to carry out transactions.
The bank revealed in February that the Armagh branch would be one of 15 of its 30 branches across the province to close by August. Armagh branch transactions had declined by 21 per cent over the past five years, according to First Trust. With a client base that was largely personal, with 23 per cent commercial, the bank said 94 per cent of its customers who visited the branch more than 12 times a year, had used other forms of banking, such as online, telephone or mobile services.
A First Trust spokesperson explained the plan for the former premises - like the rest of the closed branches - would be for it to listed on the open market in around four weeks time. "It is intended that the closing branch properties will be advertised via the press and the internet for sale on the open market from late August," they explained.
The building itself has long been a part of the city's commercial life, stretching back to around 1886 when it opened as a Provincial Bank of Ireland branch. At the time it was a newly-built premises, with a previous building on the site - which also operated as a bank - knocked down to make way for the current landmark.

Share

Subscribe to read full newspaper »

Send to a friend

Please complete the following form to inform a friend about this page.

In order to process your information we must ask you to enter the letters in the image into the box:

CAPTCHA Image play audio version Reload Image

* Mandatory field - please complete