Lloyds Group Closing 60 Branches

In a widely-predicted move, the Lloyds Group has announced that it is closing 60 bank branches in 2022, which will see 124 jobs cut from the business.

The news comes hot on the heels of HSBC announcing its own plans to close 69 branches in the UK last week, as banks continue to cut costs in a move they say reflects the changing behaviours of customers.

Changing Habits

Every major high street bank is closing branches in swathes across the country. There are concerns about elderly and vulnerable customers who aren’t ready or able to move to online or mobile-based banking.

As such, pilot schemes are being tested for shared bank branches, which reduce the costs to the banks but still provide some cash and banking services in-person for those that need them.

The Lloyds Group has pointed to the fact that 18.6 million customers are using their online banking services, an increase of 12% compared to 2020. More than 15 million people are using the Lloyds Group’s mobile apps, which is a 27% increase based on two years ago.

Just like many other high street businesses, fewer customers are choosing to visit our branches. Our branch network is an important way for us to support our customers, but we need to adapt to the significant growth in customers choosing to do most of their everyday banking online.

Vim Maru, Lloyds Banking Group retail director

Branches Due To Close

These are the Lloyds Bank branches that are being closed this year:

• Aylesbury Gatehouse – closing on 26^th July
• Beaconsfield – closing on 29^th June
• Birmingham Temple Row – closing on 15^th September
• Bolton Westhoughton – closing on 1^st August
• Bradford Thornbury – closing on 11^th August
• Buckingham – closing on 20^th September
• Chandlers Ford – closing on 30^th June
• Chipping Campden – closing on 10^th August
• Colchester St Johns – closing on 30^th June
• Cottingham – closing on 20^th September
• Edgbaston – closing on 21^st September
• Knutsford – closing on 6^th July
• Liverpool Woolton – closing on 7^th July
• Lyndhurst – closing on 14^th July
• Marlow – closing on 13^th July
• Morriston Swansea – closing on 4^th August
• Oxford Summertown – closing on 21^st July
• Poulton-le-Fylde – closing on 3^rd August
• Rushden – closing on 28^th June
• Shanklin – closing on 26^th June
• Shrewsbury Mount Pleasant – closing on 28^th July
• Smethwick – closing on 11^th August
• Swanwick – closing on 21^st July
• Tiptree – closing on 25^th July

And these are the Bank of Scotland branches set to close:

• Aberdeen 201 Union St – closing on 14^th September
• Alness – closing on 27^th July
• Brechin – closing on 2^nd August
• Broxburn – closing on 9^th August
• Carluke – closing on 27^th June
• Clarkston – closing on 4^th July
• Dunblane – closing on 7^th July
• Dyce – closing on 5^th July
• Edinburgh Barnton – closing on 13^th July
• Edinburgh Shandwick – closing on 13^th July
• Forres – closing on 11^th July
• Glasgow Riddrie – closing on 9^th August
• Innerleithen – closing on 4^th August
• Kirkcudbright – closing on 3^rd August
• Lockerbie – closing on 8^th August
• Selkirk – closing on 8^th August
• Shotts – closing on 15^th August
• Stromness – closing on 17^th August
• Troon – closing on 21^st September

And these are the Halifax branches closing:

• Abingdon – closing on 29^th June
• Beaconsfield – closing on 28^th July
• Beccles – closing on 5^th July
• Belfast Shaftesbury – closing on 28^th June
• Bideford – closing on 6^th July
• Devizes – closing on 27^th July
• Doncaster Mkt Pl – closing on 19^th September
• Dunstable – closing on 11^th July
• Finchley Central, date: 12^th July
• Halifax Commercial St – closing on 19^th September
• Margate – closing on 18^th July
• Morriston – closing on 18^th July
• Penge – closing on 10^th August
• Totton – closing on 19^th July
• Wokingham – closing on 20^th July
• Worcester Park – closing on 20^th July
• Yeadon – closing on 25^th July