The axing of the last 160 jobs at MBNA has been described as a devastating blow for the workers and the wider community.
Altough there had been speculation for some months that closure of the bank office in Carrick-on-Shannon was a real possibility, the news, when it broke last Thursday, has still left people reeling.
Just 13 years ago the bank opened the first phase of its new office in the County Town to much fanfare and, at the height of business, it employed nearly 1,000 people, the largest ever employer in the county.
However the downturn in the international financial markets coupled with the growing number of people using the internet to bank, meant that business through the centre was steadily dropping in recent years, along with its workfoce.
When the Irish loan books were sold on in 2012 with the transfer of 250 staff to AvantCard, a buyer had been sought for the remaining 400 positions serving the UK.
However, no buyer was found and the company has decided to close the business, axing the remaining 160 positions.
See our special report on the closure in this week’s Leitrim Observer.