Lloyds Group Closing 60 Branches

In a widely-predicted move, the Lloyds Group has announced that it is closing 60 bank branches in 2

March 29, 2022
Lloyds Group Closing 60 Branches
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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.

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

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

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

And these are the Halifax branches closing:

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

Andrew Cook
Andrew Cook
Hi, I'm Andrew and I am a news writer for CompareBanks. My main focus is on digital and online banks and looking at the banking landscape is changing within the UK and around the world.

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Mentioned Banks

About Lloyds Bank Lloyds Bank is a British retail and commercial bank. One of the ‘Big Four’ clearing banks, it was founded in Birmingham in 1765. It is the largest retail bank in...
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About Bank of Scotland Bank of Scotland is a commercial clearing bank based in Edinburgh. Not to be confused with Royal Bank of Scotland, it was established in 1695 and is one of the...
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About Gatehouse Bank Gatehouse Bank, formerly known as Milestone Savings, is a UK challenger bank based in London. Founded in 2008, the bank is Sharia compliant. The Milestone Capital...
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About HSBC Bank HSBC is a British banking and financial services company. It is the largest bank in Europe and the seventh largest bank in the world. The bank originated in Hong Kong...
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About Union Bank Union Bank, or Union Bank of Nigeria, was founded in 1917 as Colonial Bank. Its name was changed to Barclays Bank Dominion, Colonial and Overseas in 1925 after it...
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Comments

HumanBean
March 30, 2022

Yes, let\’s pretend this is about following changing consumer trends rather than what it really is – a war on cash and the freedom of the individual.

Forcing companies to drop cash purchases because they have nowhere to bank it, thereby forcing the customer to also drop using cash.

We are walking into a controlled, totalitarian nightmare under the guise of convenience and safety and nobody seems to give a hoot. The lunatics are running the asylum.

Reply
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