Despite Financial Mail's campaign to slow the tide of branch closures, some banks are hiding behind a variety of excuses.
Traders and residents are outraged over the closure of their community's last bank, axed by Lloyds TSB. Some businesses in the Riley Square area of Bell Green, Coventry, have seen takings slump as locals are forced to go elsewhere to withdraw cash and do their shopping.
The bank blames a number of raids on the branch for its decision to shut last month. But some community lead-ers believe this is just a convenient excuse.
Shopkeepers fear that unless Lloyds TSB reverses its decision, they will have no option but to close, adding more misery to an area which residents agree is already deprived.
Traders are also worried that with the closure they will have to travel further to bank their takings, increasing the threat of being robbed.
Many pensioners and disabled people are also angry because the closure forces them to use unreliable public transport to do their banking.
But Muxlow believes the bank is using security concerns as an excuse to shut a branch it has wanted to get rid of for a long time.
It is a view shared by the Rev. Nerissa Jones, vicar of St Chad's in Wood End whose parish encompasses Riley Square.
She also said that Lloyds TSB is well represented in the Coventry area, having five branches within a two-and-a-half mile radius of Riley Square.
Earlier this year, Lloyds TSB promised that it would not close branches where it remained the last bank in town. Its move followed Barclays' controversial decision to axe 172 branches in one swoop, leaving many communities without a bank.