ANOTHER 40 bank branches are to be lost from the UK’s high streets, as Lloyds and Halifax announced more closures.
Lloyds Banking Group, which owns both high street banks, is to close 18 Halifax sites and 22 Lloyds branches between April and June this year.
AlamyAnother 40 bank branches are to be lost from the UK’s high streets,[/caption]
It adds to 64 closures that have been announced since the beginning of the year, with Barclays and TSB saying they will shut 24 sites between them.
Banks across the country have scaled back their branch networks.
The number of people using in-person services has been falling for years as more and more people do their banking online.
During the pandemic this increased, as some of those who had stuck to bank branches were forced to learn how to bank from home.
Lloyds Banking Group said the branches to be closed have seen the number of visits drop by about 60% on average in the last five years.
A spokesman said: “Branches play an important part in our strategy but we need to have them in the right places, where they are well-used.
“We’ll continue to invest in branches that are being used regularly, alongside our online, mobile app and telephone services.”
The bank branches that will close include 18 Halifax sites in Golders Green, north London, Maldon, Essex, and Bletchley, Buckinghamshire, among others.
The 22 Lloyds branches to be lost include those in Dagenham, east London, Ipswich, Suffolk, Twickenham in south-west London and Harrow in north-west London.
The only site not in England is Halifax’s Bangor branch, in Wales.
All the branches are within a third of a mile of at least one free-to-use cashpoint and a Post Office, the group said.
The closures will not lead to any job losses, it added.
Here is the full list of Halifax and Lloyds branches set to close in the coming months.
Lloyds:
Norbury – London Road – April 19Pontefract – Ropergate – April 20Beckenham – High Street – April 20Gillingham – High Street – April 25Chingford – Station Road – April 25Dagenham – The Heathway – April 26London – Marylebone High Street – May 3Ipswich – Bramford Road – May 4Weybridge – Church Street – May 10Twickenham – Heath Road – May 11Whitstable – High Street – May 11Beeston – The Square – May 11Wickersley – Bawtry Road – May 15Borehamwood – Shenley Road – May 22Littlehampton – Beach Road – May 23Rustington – The Street – June 5Aintree – Longmoor Lane – June 6Shaftesbury – High Street – June 13Newport – High Street – June 13Ripley – Oxford Street – June 14Hyde – Clarendon Place – June 21Harrow – Northolt Road – June 29
Halifax:
Bangor – High Street – April 17Chester Le Street – Front Street – April 19London – Fenchurch Street – April 19Aldershot – Union Street – April 26Crouch End – Broadway Parade – April 27Chorlton-cum-Hardy – Barlow Moor Road – April 27Golders Green – North End Road – May 3Putney – Putney High Street – May 4Norbury – London Road – May 4Surbiton – Victoria Road – May 10Chingford – Chingford Mount Road – May 15Redruth – Fore Street – May 16Bletchley – Queensway – May 18Maldon – High Street – June 5St Neots – High Street – June 6Whitley Bay – Park View – June 21Purley – Purley Parade, High Street – June 22Grays – High Street – June 22
The latest announcement brings the total number of bank branch closures that have been announced so far this year to 64.
Earlier this week TSB announced it would be shutting nine sites, and Barclays named 15 for closure.
We’ve rounded up the full list of bank branches set to close in 2023.
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