"The closures will affect 53 Lloyds Bank sites, 31 Halifax branches and 11 Bank of Scotland locations between May this year and March 2027. The latest move comes in addition to an existing programme that will see 49 branches close by October. Once all announced closures are complete, Lloyds Banking Group will operate 610 branches nationwide."
"A spokesperson for the group said: "Customers want the freedom to bank in the way that works for them, and we offer more choice and ways to manage money than ever before." The bank said more than 21 million customers now use its mobile app as their primary method of banking."
"The decision reflects a wider industry trend, as digital banking adoption accelerates and footfall in physical branches declines. Increasing numbers of services, from account management to mortgage consultations, are now offered online or remotely."
Lloyds Banking Group will close 95 additional High Street branches between May and March 2027, affecting Lloyds Bank, Halifax and Bank of Scotland sites. Combined with an existing programme of 49 closures, the group will operate 610 branches nationwide. The bank reports that more than 21 million customers now use its mobile app as their primary banking method. The move reflects a wider industry shift toward digital banking, with many services now offered online or remotely. Santander has announced similar cuts risking nearly 300 jobs, while Nationwide has pledged to keep 696 branches open until at least 2030. Banking hubs are being trialled, but their roll-out is slower than closures, and critics warn vulnerable and elderly customers risk exclusion.
Read at Business Matters
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