Lloyds Banking Group to close 49 more branches

Lloyds Banking Group (LBG) has announced the closure of 49 more branches – 41 with Lloyds and the remaining eight with Halifax – with 1,230 jobs affected.

The closures are the latest in a continuing series which started back in 2013 when more than 600 were spun off to create the new Trustee Savings Bank – now an independent challenger bank, owned by the Spanish Sabadell Group.

Slimming down

At that time LBG had almost 2,900 outlets, but has been slimming down ever since.

In 2014 they announced the closure of 400 branches as part of a three year plan and another 49 were added last November.

Biggest network

Even after this latest round of closures, the group says it will still have the biggest network of branches in the UK with a total of 1,750 outlets.

The closures will affect 1,230 jobs, but Lloyds say they are creating 925 new jobs and staff will be re-deployed wherever possible.

Changes

In a statement the group said: “The changes in roles are in line with our plan to adapt to and meet the changing needs of our customers.

“Today’s announcement involves making difficult decisions, and we are committed to working through these changes in a careful and sensitive way.”

Mobile branch service

It added: “We are also announcing that our mobile branch service will be expanded to support customers in more locations with the introduction of seven new Lloyds Bank mobile branches.

“This will bring the groups’ total number of mobile branches to 36 which will serve over 180 communities. All branches announced for closure have a Post Office within short walking distance so customers can still access their banking locally.”

Reason

As with many of its competitors, Lloyds have cited the rise of online and telephone banking as the reason for the closures.

Fewer customers are using traditional branch facilities and now conduct most of their business either online or via an app on their smart phone.

List of closures

The Lloyds branch closures will be in:

  • Alford, Lincolnshire
  • Bishops Cleeve, Cotswolds
  • Bovey Tracey, South Devon
  • Bridgend Industrial Estate, South Wales
  • Brierley Hill, West Midlands
  • Brightlingsea, Essex
  • Butler Place, West End
  • Chatteris, The Fens
  • Clare, Essex
  • Cockermouth, North Lancashire & Cumbria
  • Colchester University Of Essex, Essex
  • Coningsby, Lincolnshire
  • Cricklade, Cotswolds
  • Croydon George Street, South East London
  • Dawlish, South Devon
  • East Wittering, Surrey & South Downs
  • Frinton-on-Sea, Essex
  • Hassocks, Sussex
  • Hednesford, South Staffordshire
  • Henley-in-Arden, Cotswolds
  • Hull Derringham, North & East Yorkshire
  • Keswick, North Lancashire & Cumbria
  • Lakenheath, The Fens
  • Ledbury, East Wales & Borders
  • Mablethorpe, Lincolnshire
  • Midhurst, Solent
  • Ottery St Mary, Somerset & Devon
  • Plymouth Southway, South Devon
  • Royton, Central Lancashire
  • Rye, Kent
  • Selsey, Surrey and South Downs
  • Soham, The Fens
  • St Leonards-on-Sea Silverhill, Kent
  • Stalybridge, Manchester
  • Stevenage High Street, Hertfordshire
  • Teddington, South West London
  • Upton-upon-Severn, Severn
  • Watton, East Anglia
  • Wealdstone, North West London
  • West Ealing, West London
  • Wingham, Kent

The Halifax branches closing are:

  • Chester St Werburgh
  • Harold Hill
  • Knightsbridge
  • Portswood
  • Preston Orchard Street
  • Sowerby Bridge
  • Walsall Park Street
  • York Davygate

“The closures will affect 1,230 jobs, but Lloyds say they are creating 925 new jobs and staff will be re-deployed wherever possible.”

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