Chapel-en-le-Frith’s NatWest Bank is to close in March.
The company said the decision to close the Market Place branch came after the number of transactions dropped by 21 per cent over the last few years.
The move means the Royal Bank of Scotland branch on Market Place will be the town’s only bank after March 24.
In a statement, NatWest said: “When we close a branch, we take a number of factors into account including usage and alternative ways to bank with us in the local area.
“We are leaving the ATM behind so customers can still get access to their cash. There are also two free-to-use ATMs within one mile. We’ve also lifted the restrictions for all of our basic bank account holders so they can use any Link ATM.”
NatWest has also reached an agreement with the local post office so customers can withdraw cash, check balances and make deposits there free of charge.
Cllr Liam McCarthy, chair of Chapel Parish Council, said: “Naturally the parish council is disappointed by the decision of NatWest to close the Chapel-en-le-Frith branch.
“The closure reduces many banking services available to local residents and businesses who will now have to travel to Buxton to access these.
“I understand that the NatWest have arranged with the Market Place Post Office to take deposits and dispense cash to NatWest customers which will help. Also the cash machine on Market Street will remain for the time being but it is unknown what will happen should the bank dispose of the building”.