Lloyds and Halifax to close 40 more bank branches

Forty much Halifax and Lloyds slope branches volition adjacent this twelvemonth arsenic less radical request carnal sites, the banks' proprietor Lloyds Banking Group has said.

The power to online banking has seen subdivision footfall successful those sites driblet by implicit half, it said.

Cost-cutting successful the banking assemblage has led to the closure of thousands of branches successful caller years.

In July, Lloyds Banking Group said it would adjacent 66 branches betwixt October 2022 and January 2023.

In its latest announcement, the radical said Halifax volition adjacent 18 sites, portion Lloyds volition unopen 22 betwixt April and June.

All but 1 of the closures are successful England, with Halifax closing its tract successful Bangor, Wales.

The radical said determination were nary occupation losses arsenic a effect of the closures.

The fig of radical utilizing services in-person has been falling for years arsenic much radical bash their banking online.

The radical said the branches to beryllium closed person seen the fig of visits driblet dramatically successful the past 5 years.

"Branches play an important portion successful our strategy but we request to person them successful the close places, wherever they are well-used," a radical spokesperson said.

They added that each of the branches owed to adjacent person astatine slightest 1 free-to-use currency instrumentality oregon a Post Office wrong a 3rd of a mile.

The Halifax branches shutting are in: Bangor, Chester-le-St, Fenchurch Street successful London, Aldershot, Chorlton-cum-Hardy, Crouch End, Golders Green, Putney, Norbury, Surbiton, Chingford Mount, Redruth, Bletchley, Maldon, St Neots, Whitley Bay, Grays and Purley.

The Lloyds branches closing are in: Norbury, Beckenham, Pontefract, Chingford, Gillingham successful Kent, Dagenham Heathway successful London, Marylebone, Bramford Road successful Ipswich, Ripley, Weybridge, Twickenham, Beeston, Whitstable, Wickersley, Borehamwood, Littlehampton, Rustington, Liverpool's Aintree, Shaftesbury, Newport successful Shropshire, Hyde and South Harrow.

Barclays announced it would beryllium closing 15 branches successful 2023.

There were 8% less banks connected High Streets crossed England, Scotland and Wales successful March 2022 from a twelvemonth earlier, according to data from Ordnance Survey.

Once the closures are complete, Lloyds Banking Group volition person 1,277 branches crossed its Lloyds, Halifax and Bank of Scotland brands.