Monmouthshire Building Society is investing in a new branch in Brecon as part of an ongoing strategy to increase its high street presence.
The Newport-based mutual will takeover the Leeds Building Society office in the centre of town from 1 January 2021.
The mutual, which has had an agency in Brecon since 2011, will retain the Leeds Building Society’s six existing staff.
It will be the mutual's 10th branch in South Wales, alongside 14 agencies.
Its chief executive Will Carroll, said: “In line with our member-led strategy, we are committed to increasing our high street footprint, while many of our competitors are decreasing theirs.
"This is part of a key strategic initiative for us and we are determined not to let the pandemic slow us down, when looking for new locations to support our sustainable growth aspirations.
“Ideally located as the gateway to mid Wales, Brecon has been on our radar for some time. Our agency in the town has been a great success and we’re looking forward to building on that, providing a full service for new and existing members in the town and the surrounding area.”
"This will be the tenth branch for Monmouthshire Building Society and demonstrates the organisation’s dedication to maintaining a physical presence in an ever-changing financial services landscape."
Established in Dock Street, Newport in 1869, Monmouthshire Building Society has 69,000 members and nearly 200 staff.