Lloyds Banking Group has announced plans to close 136 more branches as customers increasingly shift to online banking.

Details of the Closure Plan

• Branches affected:
  • 61 Lloyds Bank branches
  • 61 Halifax branches
  • 14 Bank of Scotland branches
• Closure timeline: Begins in May 2025, with completion by March 2026.

Why Are the Branches Closing?

A spokesperson for Lloyds Banking Group explained:

“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.”

With a significant shift toward digital banking, the bank says fewer people rely on physical branches, leading to the decision to downsize its network.

Impact on Staff & Customers

• Staff from affected branches will be offered roles at other branches or in different parts of the business.
• Customers will still be able to use any Halifax, Bank of Scotland, or Lloyds branch, as roughly a quarter of all branches are closely located to each other.

Lloyds’ Shrinking Branch Network

• Current number of branches: 932
• Previously announced closures (by end of 2025): Down to 892
• With the latest closures (by March 2026): Down to 756

The high-street banking landscape is rapidly evolving as more people move towards mobile and online banking, making physical branches less essential for day-to-day transactions.

Source

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