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Lloyds Banking Group publicizes closure of 136 excessive avenue branches together with Halifax

Another huge blow has been dealt to the high street, as a major banking group has confirmed the closure of 136 high street branches.

Lloyds Banking Group will close 61 Lloyds, 61 Halifax and 14 Bank of Scotland branches between May this year and March 2026. The closure plan comes weeks after Lloyds shook up its branch business to allow customers of Lloyds, Halifax and Bank of Scotland to use stores across any of its brands for in-person banking.

Lloyds blamed the decision to shut the branches on customers shifting away from banking in person to using mobile services.
It said that all workers at the affected branches will be offered jobs elsewhere in the company.



14 Bank of Scotland branches will close
14 Bank of Scotland branches will close

A spokeswoman for the business said: “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.

“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.”

The news comes just days after NatWest confirmed that it was axing 53 branches this year. If your local bank branch is shutting down, you might still be able to do the basics at your local Post Office – such as depositing cash and cheques, making withdrawals, and balance checks.



It will shutter 61 Halifax branches this year
It will shutter 61 Halifax branches this year

Many towns and cities will also now play host to “banking hubs” which Chjancellor Rachel Reeves recently praised when opening the 100th hub last month.

She said: “Reaching this milestone of 100 banking hubs is a huge step towards making sure that people across the country have access to essential face-to-face banking services.

“High streets are the beating heart of our communities but were neglected for too long under the previous government. We are revitalising our high streets with our target for 350 banking hubs, reforming business rates to make them fairer and clamping down on antisocial behaviour.”

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