London Daily

Focus on the big picture.
Sunday, Mar 01, 2026

Bank closures: Bringing high street bank buildings back to life

Bank closures: Bringing high street bank buildings back to life

When was the last time you stepped through the door of a local bank branch?

Perhaps you prefer to manage your finances face-to-face and visit high street banks regularly, or maybe you only bank online.

Either way, it is difficult to ignore the regular announcements of branch closures and subsequent job losses.

In early March, Bank of Ireland announced it will close 15 branches in Northern Ireland, which is more than half of its 28 branches currently operating in NI.

In February, Ulster Bank confirmed it will close down its Republic of Ireland business over the next few years.

Following bank closures, what becomes of the buildings, often grandiose facades in prominent positions?

While disused banks in some towns across Northern Ireland have remained vacant for years, residents of Rathfriland, County Down, have been particularly industrious in repurposing the buildings.

A decade ago there were four banks in the town, the last of which closed three years ago.

Rathfriland's former Bank of Ireland is set to house a cinema, the first in the town for 60 years

The former Danske Bank building now hosts charity events run by the Royal British Legion, the First Trust is used by a local solicitor's firm and the Ulster Bank is now a credit union.

Andy Peters runs the Rathfriland Regeneration Project and has salvaged the town's Bank of Ireland branch.

Although temporarily halted by the coronavirus pandemic, the premises on Church Square usually hosts a variety of community workshops, classes and performances.

Plans are in place to transform part of the building into a cinema, the first in Rathfriland for 60 years.

This former bank counter now houses a mixing desk for live music
Mr Peters feels it is important the building remains a community hub.

"The local community is working together to create a cultural centre here," he said.

"The focus at the moment is refurbishing the building and the garden will follow on after that - if it wasn't for the pandemic the whole thing would be up and running already."

Remnants of the building's banking past can still be found inside the premises and Mr Peters said some items have been useful in its renovation.

"The bank counter is still in place and we've recycled other discarded materials to turn it into the sound desk, controlling the PA system in the building."

Excellent soundproofing


Banking has always played a large role in Belfast's architectural identity and the city has several landmark buildings once occupied by banks.

The Merchant Hotel was built as an ornate headquarters for the Ulster Bank; the Bank Buildings on Royal Avenue, under restoration after a devastating fire in 2018, first opened as a bank in 1787 and is now occupied by a Primark store; the old Northern Bank building on Waring Street is now used for occasional art exhibitions and theatre performances.

Richard Lavery is artistic director at Accidental Theatre, a performing arts company now occupying the former Northern Bank building at Shaftsbury Square.

"There are two old bank vaults still intact in the basement, which we have converted into a recording and streaming studio," he said, adding the thick walls made for excellent soundproofing.

The building's city centre location was a large draw for the company, but Mr Lavery said it means scheduling performances can be challenging.

"Our very first show coincided with the Tour of the North and the first two hours were drowned out by passing marching bands," he said.

"We managed to work it into the performance - it was fine, but we've been more careful with our calendar since."

The 'deceptively large' Old Bank hotel on Belfast's Crumlin Road

Alan Flynn runs The Old Bank hotel on the Crumlin Road in Belfast and said the former Ulster Bank's deceptively large size made it an obvious choice for conversion.

"The original bank was on the ground floor and the manager lived in luxury upstairs with their family," he said.

"It's on four levels, including the underground vault, which gave us tremendous scope for return as a hotel."

Visitors to the building, which is currently being used as emergency accommodation by the NI Housing Executive, can still see the various vaults and large Chubb safe left behind when the bank vacated.

The Ulster Bank in Gortin was 'blown up, shot at and robbed on many occasions'


The former Ulster Bank in Gortin, County Tyrone, is now a bustling coffee shop, but the building has a tumultuous history.

Owner Graham Cooke said the Grade 2 listed premises was "blown up, shot at and robbed on many occasions" during its time as a bank.

The Northern Bank was the last tenant of the Assembly Rooms in Belfast which is now used for occasional exhibitions and theatre performances

Despite this, Mr Cooke said the building, built in 1845, has retained its character and renovations have been sympathetic.

The original night safe and bank manager's private office have been retained and Mr Cooke is currently making plans to transform the underground vault into a farm shop.

"It's perfect for our job," he said, adding the building has been "restored to its place at the heart of the community".

Newsletter

Related Articles

0:00
0:00
Close
When the State Replaces the Parent: How Gender Policy Is Redefining Custody and Coercion
Bill Clinton Denies Knowing Woman in Hot Tub Photo During Closed-Door Epstein Deposition
Former U.S. President Bill Clinton Testifies on Ties to Jeffrey Epstein Before Congressional Oversight Committee
Dyson Reaches Settlement in Landmark UK Forced Labour Case
Barclays and Jefferies Shares Fall After UK Mortgage Lender Collapse Rekindles Credit Market Concerns
Play Exploring Donald Trump’s Rise to Power by ‘Lehman Trilogy’ Author to Premiere in the UK
Man Arrested After Churchill Statue Defaced in Central London
Keir Starmer Faces Political Setback as Labour Finishes Third in High-Profile By-Election
UK Assisted Dying Bill Set to Fall Short in Parliament as Regional Initiatives Gain Ground
UK Defence Ministry Clarifies Position After Reports of Imminent Helicopter Contract
Independent Left-Wing Plumber Secures Shock Victory as Greens Surge in UK By-Election
Reform UK Refers Alleged ‘Family Voting’ Incidents in By-Election to Police
United Kingdom Temporarily Withdraws Embassy Staff from Iran Amid Heightened Regional Tensions
UK Government Reaches Framework Agreement on Release of Mandelson Vetting Files
UK Police Contracts With Israeli Surveillance Firms Spark Debate Over Ethics and Oversight
United Airlines Passenger Hears Cockpit Conversations After Accessing In-Flight Audio Channel
Spain to Conduct Border Checks on Gibraltar Arrivals Under New Post-Brexit Framework
Engie Shares Jump After $14 Billion Agreement to Acquire UK Power Grid Assets
BNP Paribas Overtakes Goldman Sachs in UK Investment Banking League Tables
Geothermal Project to Power Ten Thousand Homes Marks UK Renewable Energy Milestone
UK Visa Grants Drop Nineteen Percent in 2025 as Migration Controls Tighten
Barclays and Jefferies Among Banks Exposed to Collapse of UK Mortgage Lender MFS
UK Asylum Applications Edge Down in 2025 Despite Rise in Small Boat Crossings
Jefferies Reports Significant Exposure After Collapse of UK Lender MFS
FTSE 100 Reaches Fresh Record Highs as Major Share Buybacks and Earnings Lift London Stocks
So, what's happened is, I think, government policy, not just under Labour, but under the Conservatives as well, has driven a lot of small landlords out of business.
Larry Summers, the former U.S. Treasury Secretary, is resigning from Harvard University as fallout continues over his ties to Jeffrey Epstein.
U.S. stocks ended higher on Wednesday, with the Dow gaining about six-tenths of a percent, the S&P 500 adding eight-tenths of a percent, and the tech-heavy Nasdaq climbing roughly one-and-a-quarter percent.
From fears of AI-fuelled unemployment to Big Tech's record investment, this is AI Weekly.
Apple just dropped iOS 26.4.
US Lawmakers Seek Briefing from UK Over Reported Encryption Order Directed at Apple
UK Business Secretary Calls on EU to Remove Trade Barriers Hindering Growth
Legal Pathways for Removing Prince Andrew from Britain’s Line of Succession Examined
PM Netanyahu welcome India PM Narendra Modi to Israel
Shadow Diplomacy: How Harry and Meghan’s Jordan Trip Undermines the Monarchy
Sir Jim Ratcliffe, co-owner of Manchester United, comments on immigration in the UK.
Bill Gates, the UN and the WEF are attempting to construct "a giant digital gulag for all of humanity" via digital ID, CBDCs and vaccine passport infrastructure.
Britain’s Channel Crisis: Paying Billions While the Boats Keep Coming
Downing Street’s Veteran Deception Scandal
UK HealthCare Expands ‘Food as Health’ Initiative Statewide to Tackle Chronic Illness in Kentucky
Leonardo Chief Says UK Set to Decide on New Medium Helicopter Programme
UK Slows Chagos Islands Agreement After Concerns Raised in Washington
European and UK Stock Markets Reach Fresh Highs as Banks and Miners Lead Rally
UK Government Insists Chagos Islands Negotiations Continue After Minister’s ‘Pause’ Remark
No Confirmed Deal for Engie to Acquire UK Power Networks Amid Market Speculation
UK Reaffirms Updated Entry Requirements for Travellers as of February 25, 2026
General Atlantic to sell equity stake in ByteDance, valuing the company at $550 billion
German Chancellor Friedrich Merz Secures Pledge from China for Greater Imports of Quality Goods
Lord Mandelson Condemns Arrest as Driven by ‘Baseless Suggestion’ He Would Flee Abroad
Former UK Ambassador Released on Bail Following Arrest in Epstein-Linked Investigation
×