Five major high street banks will be based at a new 'hub' in the centre of Barnoldswick which is due to open soon.
Cash Access UK, the organisation set up to protect nationwide access to cash, said the new Banking Hub will be located in the Bank Buildings in Skipton Road.
When it opens, it will offer a counter service operated by the Post Office, where customers of all major banks and building societies can carry out regular cash transactions, Monday to Friday, 9am to 5pm.
It will also offer a 'community banker' service where customers can talk to their own bank about issues on the day their bank is in the hub.
Community bankers will work on rotation, with a different bank available on each day of the week.
In Barnoldswick, Natwest will take Mondays, Santander Tuesdays, Wednesdays will be for Lloyds, Thursdays for Barclays, and on Fridays it's HSBC.
The Hub will open in the coming weeks, is one of three currently in development in East Lancashire, alongside Darwen and Great Harwood.
Gareth Oakley, chief executive at Cash Access UK said: “We are happy to announce that we have secured a location for our Barnoldswick Banking Hub, which will play a pivotal role in making sure the local community retains access to cash and banking services.
"We will keep local residents and businesses updated as we get closer to the Hub opening.”
Andrew Stephenson, MP for Pendle said: “Barnoldswick residents were bitterly disappointed when the last bank branch closed early last year.
"Since then, I’ve been working with Cash Access UK to find a suitable premises for the new Barnoldswick Banking Hub.
"I pay tribute to their work on restoring vital banking services to Barnoldswick.
“It’s great that plans for the Banking Hub have now progressed, and the venue finally confirmed.
"I will continue to work with Cash Access, the Post Office and the five banks that will be providing the Community Banker service to get the Hub up and running as soon as possible.”
Deputy leader of Pendle Council, Councillor David Whipp, added: "Local councillors have been working with LINK and the Cash Access team to get a Banking Hub in Barnoldswick.
"It's great the hub will be up and running very soon now, with local people and businesses able to access banking services locally once more."
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