Plans to replace a bank that is closing on a Black Country high street have been unveiled

The plans would see Halifax in Bearwood Road, Bearwood, Smethwick, replaced with two new shops and six flats as part of an application by Perry Barr-based NTInvestments approved by Sandwell Council.

Halifax announced it would be closing its Bearwood branch earlier this year with its doors closing for good in March 2026.

The move would see the existing bank building refurbished and then split into two new units. A rear extension would also be built alongside the currently unused second floor to house the six new flats.

The two one-bed and four two-bed flats would be accompanied by two parking spaces.

The move has been approved by planning officers at Sandwell Council after the scheme was redrawn from that submitted in June last year.

A plan to build a 19-bed house of multiple occupation (HMO) next door to the Halifax bank was approved by Sandwell Council in October 2023 and has now been built.

A statement included with the application said: “The design of the retail units and apartments have been carefully considered to ensure that they are both functional and visually appealing.

“The retail units have been designed to attract new businesses that complement the surrounding area, while the apartments would offer attractive, nationally space standard-compliant living spaces for residents.

“The conversion of the existing Halifax bank building into retail units would contribute to the diversification of commercial offerings within the area, fostering economic vibrancy and serving the needs of local residents and visitors alike.

“As with much of the financial sector, many high street banks with the increasing use of technology, no longer feel they require a presence on the high street. The strategic location of the building, coupled with its architectural integrity, makes it an ideal candidate for adaptive reuse, preserving its history.

“Additionally, the introduction of apartments to the rear of the site would address the growing demand for residential spaces in sustainable locations, providing convenient access to amenities, employment opportunities and public transportation hubs.

“Overall, the proposed development would breathe new life into the existing building and surrounding area, providing retail opportunities and much-needed homes.”