The old Barclays Bank on Nottingham Road closed in November 2017, but now plans have been approved to transform the empty three-storey Victorian building into a drinks venue.
Planning authority Broxtowe Borough Council has approved plans to transform the former bank into a hotel with a gin bar in the basement.
In the heritage impact statement sent to Broxtowe Borough Council, Paul Gaughan Building Consultants set out the plans for the site.
It said: “The proposed works to the building are mainly internal, with several existing walls removed to accommodate the proposed use.
"The building will remain in a single use being a bar in the basement, with the upper floor being used as a hotel.
When the planning application was submitted in October, Milan Radulovic, Labour councillor said: “I think the plans look interesting and they could really add to the vitality of the town centre.
"Eastwood is a fantastic place with a great nightlife and brilliant restaurants, and this could add to that.
“Of course I am very disappointed the banks have decided to pull out of the town.
"They have treated their customers with utter contempt. But this use of an empty building looks promising.”
In a report to the council it says the client wishes to keep the ATM as well as the cash deposit, which will be kept as an historic feature.