High street bank to close another 49 branches as customers move online
Almost 50 more bank branches to close from January
- Lloyds Banking Group has announced the closure of a further 49 bank branches across its Lloyds Bank, Halifax, and Bank of Scotland brands.
- These closures are scheduled to take place between January and October 2026, with all affected employees being offered new positions within the company.
- The decision reflects a continuing shift towards digital banking services, with the group noting that over 21 million customers now use their apps.
- In response to the closures, cash access network Link has recommended the establishment of 11 new banking hubs.
- The group will close 26 Lloyds, 10 Halifax, and 13 Bank of Scotland sites, leaving it with 705 branches in total.