The former HSBC bank in Brampton is to be turned into a food hall.
The bank closed a year ago, angering local people and throwing the future of the Grade Two listed building into uncertainty.
Now Cranstons has completed a deal to create one of the biggest retail outlets in the town.
Rural campaigners fighting to save their local branch of HSBC say they'll continue their battle. The bank, which describes itself as the "world's local bank" says the Appleby branch will close on November 30th because the number of people using it has fallen significantly over the past few years.
At a public meeting a unanimous decision was taken to continue to try to make HSBC change its mind. Local people see the closure as being symptomatic of a wider loss of rural services.
They fear that older people in particular will suffer if the bank accounts are switched to Penrith or Kirkby Stephen, both around half an hour away by car.
They say many older people are not so willing or able to use Internet banking. A petition containing more than two thousand signatures has been gathered to oppose the planned closure.