Today, Lloyds Banking Group has announced the closure of 44 branches across England and Wales, 29 Lloyds Bank branches and 15 Halifax branches, including the Bromborough branch of Lloyds Bank.
Vim Maru, Retail Director for Lloyds Banking Group, said, “Today we’re announcing that 29 Lloyds Bank and 15 Halifax branches will be closing as, over the past five years, we’ve seen customers carry out significantly fewer transactions at these locations.
“We’ve also seen our digital banking customers grow by over 4 million in five years, to almost 18 million, of which 13.6 million also choose to be active app users. This means that, like many businesses on the high street, we must change for a future where branches will be used in a different way, and visited less often.
“We’ll continue to invest in our high street presence, as this week we’re opening a new concept Bank of Scotland branch in Edinburgh, the only bank to take up residence in the new St James Quarter. Importantly, we’ll continue to give our customers a choice in how they bank with branches sitting alongside telephone banking, online and mobile banking, our video appointment services, our cashback through local shops programme, our participation in the industry BankHUB cash initiative and 11,500 Post Offices, at which our customers can bank and access cash.”
Of the closures the Group has announced today, over a third are branches situated in or around cities and large towns, with another branch very close by. All closures have been made in line with the Access to Banking Standard and FCA guidance. In line with previous branch closures, there are no compulsory redundancies and the Group’s unions, Accord and Unite, were consulted.
Across all of the Group’s branches, transactions have fallen 10% per annum in the five years to March 2020, and significantly further in the year since. Today, 90% of customers have a branch within 5 miles of their home and over 80% of products are opened online, meaning customers are able to make use of a number of different ways to do their day to day banking.
List of branches throughout the UK that will close
The branches will close between September and November, with 29 Lloyds Bank and 15 Halifax branches to go.
The locations of the Lloyds branches are: Bournemouth Westbourne, Cardiff Rumney, Leeds Horsforth, Northwood, Stony Stratford, Church Village, Morley, London Regent Street, Oakham, Brixham, Quinton, Mildenhall, Berkeley Square, Faversham, Brighton Preston Circus, Gants Hill, Halstead, Holsworthy, Henley-on-Thames, Hendon, Kempston, Towcester, Kentish Town, Tadley, Bromborough, Cheltenham Bath Road, Haslemere, Newport Maindee, and Sedgley Dudley.
The Halifax branches to shut are: Manchester Cross Street, Plaistow West Ham, Chesham, Chertsey, Fleet, Harpenden, Potters Bar, Kenilworth, Hinckley, Market Harborough, Upminster, Rugeley, Cheshunt, Pinner, and Chesterfield Central Pavement.
Following the closures, the group will have 779 Lloyds Bank branches, 560 Halifax branches, and 184 Bank of Scotland branches.