Lloyds Banking Group has announced its intention to close 136 branches across its Lloyds, Halifax, and Bank of Scotland brands. The closures will see 61 Lloyds, 61 Halifax, and 14 Bank of Scotland branches shut down between May this year and March 2026.
Specific branches that will be closed have not yet been disclosed by the banking behemoth.
The announcement comes on the heels of a recent shake-up in Lloyds’ branch operations, which now permits customers of Lloyds, Halifax, and Bank of Scotland to utilise any of the brand’s stores for face-to-face banking services. The move to close branches has been attributed to a shift in customer behaviour, with more people opting for mobile banking over traditional in-branch services.
Lloyds has assured that all employees from the affected branches will be offered alternative roles within the company, reports the Mirror.
A spokeswoman for Lloyds commented on the changes: “Over 20 million customers are using our apps for on-demand access to their money and customers have more choice and flexibility than ever for their day-to-day banking.”
She further explained: “Alongside our apps, customers can also use telephone banking, visit a community banker or use any Halifax, Lloyds or Bank of Scotland branch, giving access to many more branches. Customers can also do their everyday banking at over 11,000 branches of the Post Office or in a Banking Hub.”
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