Lloyds Banking Group has confirmed it will shut another 53 high street branches across England and Wales, with closures scheduled for this year and into 2025. The affected sites include 21 Lloyds branches, 22 Halifax branches, and 10 Bank of Scotland branches.
The move follows a previous announcement in February that the group would cut around 1,600 jobs across its branch network as it shifts focus towards online and mobile banking. A spokesperson for Lloyds said: 'As more customers choose to manage their day-to-day banking online, it’s important our people are available when it matters most. We’re introducing a number of new roles and making changes to our branch teams so our customers can see us how and when they want to.'
Last November, Lloyds revealed plans to close at least 275 branches across its three brands over 2023 and 2024. The latest closures add to a wider trend of high street bank branch closures across the sector, with hundreds of sites shutting last year.
Employee union Accord, which represents around 22,000 staff at Lloyds and TSB, said the changes are expected to significantly affect the branch network and its members.
