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Lloyds Banking Group has announced a further 66 branches across its Lloyds Bank and Halifax locations will close permanently later this year. This is the fourth announcement of closures from the banking group in recent months, marking another nail in the coffin for the UK high street.
The bank closures will include 48 Lloyds Bank branches and 18 Halifax outlets. They are expected to take place between October 2022 and February 2023, with specific dates given to each branch.
Two branches in Devon will be affected – Tiverton and Axminster – as well as dozens of others across England, Northern Ireland, and Wales.
Read more:Hundreds of health jobs need filling in Devon as NHS faces ‘worst ever’ staffing crisis
Axminster’s Lloyds branch will close on November 2, 2022, while Tiverton’s Halifax branch will shut its doors on November 29.
Overall, customers will lose access to 133 Lloyds Bank branches, 50 Halifax outlets, and 19 Bank of Scotland branches by February 2023. Lloyds has reassured customers, however, that customers whose nearest branch is closing will have at least one free-to-use ATM within half a mile.
Customers can also access some Lloyds and Halifax services via the Post Office, or they may be able to access a mobile branch service, although the exact time and location of these mobile units change each month.
Lloyds has already confirmed that 28 closures will take place between August and November this year, while a further 60 sites are shutting between June and September. On top of these branches, 48 more were closed by the banking group between January and April this year.
Russell Galley, director of consumer relationships at Lloyds Banking Group told the Mirror : “Our customers have more choice than ever in how they bank with us. As our customers do more online, visits to some branches have fallen by as much as 85% over the last five years.
“Alongside our digital, online and telephone services, we’ll continue to invest in our branches, but they need to be in the right places, where they’re well-used.”
Once all closures currently announced are complete, Lloyds Banking Group will have 1,321 branches, including 646 Lloyds Bank, 510 Halifax, and 165 Bank of Scotland sites.
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