Banking giant Lloyds TSB has revealed ambitions to relocate its Market Place premises as part of a 'significant investment' in the town.
The bank has submitted plans to move into the neighbouring Burton and Evans clothing store, leaving its former premises vacant.
Bosses at Arcadia Group, the owner of Burton and Evans, had not responded to requests for comment at the time of going to press. It is not known if the store is looking to relocate, or pulling out of the town altogether.
A spokesman for Lloyds TSB said: 'We have put an application in for change of use on the adjacent unit on Market Place to improve our current representation and provide a better customer experience.
'This will involve significant investment in the town.'
Letters have been sent to customers of the Hall Quay branch of Lloyds TSB stating it is to close.
When asked if the bank is looking to consolidate both the Hall Quay branch and the Market Place branch in the Burton and Evans unit, a spokesman for Lloyds TSB said they could not comment at this stage.
The news follows clothing retailer M&Co's decision to close its King Street store. It is understood another high street bank is looking to take over the premises.
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