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Lloyds Banking Group has revealed plans to close an additional 95 branches across the UK, continuing the ongoing trend of banks scaling back their physical presence on the high street. This latest wave of closures includes 53 Lloyds Bank locations, 31 Halifax branches, and 11 Bank of Scotland sites. These closures are scheduled to take place gradually between May this year and March 2027.
As the largest banking group in the country, Lloyds emphasized that customers still have multiple convenient ways to manage their finances despite the branch reductions. The company highlighted the array of digital tools it offers, noting that over 21 million customers primarily use its mobile apps for banking. The announcement of these 95 branch closures follows a prior plan to shut 49 sites by October, which will leave Lloyds with 610 branches nationwide once all closures are completed.
The spokesperson from Lloyds commented on the changing banking landscape, stating, “Customers want the freedom to bank in the way that works for them and we offer more choice and ways to manage money than ever before.” The increasing shift towards digital banking and remote services has significantly reduced foot traffic in physical branches, prompting many financial institutions throughout the UK to reconsider their branch networks.
In addition to branch closures, the concept of banking hubs—venues where multiple banks share space and resources—has been adopted in some locations. These hubs serve a wide customer base but have been introduced at a slower pace compared to the rate at which individual branches are being closed. The full roster of branches affected by the current closure announcement spans numerous towns and cities, reflecting a broad reshaping of Lloyds Banking Group’s retail footprint
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