Copeland Borough Council are currently looking for a more secure location for their Egremont recycling site.
A spokesperson from the council said:
"The current banks, at Beck Green car park, will be removed tomorrow after the cardboard bank was once again set alight. The site has sadly been the target of arsonists many times, and the fire service has now asked us to remove it.
"The repeated vandalism, coupled with a very high level of contamination, means that we will be removing the plastic bank too.
"It is only a few weeks since the last time a bank was set on fire at this site. Each time, there is a significant cost incurred for cleaning out the card, disposing of it and repairing/repainting the bank. This is of course coupled with the loss of income from the damaged materials.