More than 500 people have signed a petition against the closure of the Presteigne branch.
BBC: HSBC to shut small rural branch in Presteigne
The simultaneous memorial in Wednesbury will be using the same order of service as that in Presteigne.
BBC: Funeral for Herefordshire tractor crash mother and son
Presteigne mayor John Kendall said the decision to shut the bank on 9 March would have a serious impact.
The two members of staff in Presteigne will transfer to other local branches.
Davies, who attends John Beddoes School at Presteigne, has had special permission from headmaster John Stocker to take time off.
BBC: Chaz Davies in action on board his Aprilla 125cc
Samuel Vaughan, who was16 and from Presteigne, Powys, died at the Royal Shrewsbury Hospital from his injuries following the accident on Thursday.
BBC: Inquest opens into road death
Reverend Prebendary Stephen Hollinghurst is to conduct the service in Presteigne and says it has been a difficult time for the community.
Whether pupils sit exams in Prestatyn, Presteigne or Preston, they will all gain GCSEs and that will make parents, teachers and unions here in Wales a whole lot happier.
BBC: Welcoming back 'the repentant sinner'
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