Lloyds Banking Group has announced plans to shut another 49 bank branches this year, in addition to the 49 it announced in 2017.
It also revealed 1,230 job cuts, although this is being offset by the creation of 925 new roles, putting overall job losses at 305.
The move brings the total number of bank branch closures in 2018 to 418 and a staggering 1,944 since 2015.
Why is Lloyds cutting more branches?
The cuts will impact customers of Lloyds Bank and Halifax, with closures due to take place between July and October this year.
A spokesman for Lloyds said that ‘these branch closures are in response to changing behaviour and the reduced number of transactions being made in branches.’
‘We are also announcing that our mobile branch service will be expanded to support customers in more locations with the introduction of seven new mobile branches.’
‘This will bring the 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.’
This follows another wave of closures for 2018. So far this year, RBS/NatWest and Ulster Bank are closing 269 branches, Barclays is closing 43 and Yorkshire Building Society is closing eight branches.
- Read more: Bank branch closures mapped
Lloyds first announced the closure of 49 branches in December 2017. Some 49 are due to close, with 11 closing in Scotland, two closing in Wales and the remaining 36 to close across England.
The table below shows the latest round of closures:
|Lloyds||Alford||Midlands & East||Louth and Horncastle|
|Lloyds||Bishops Cleeve||Central & South||Tewkesbury|
|Lloyds||Bovey Tracey||Wales & West||Central Devon|
|Lloyds||Bridgend Industrial Estate||Wales & West||Bridgend|
|Lloyds||Brierley Hill||Midlands & East||Dudley South|
|Lloyds||Brightlingsea||Midlands & East||Harwich and North Essex|
|Lloyds||Butler Place||Greater London||Cities of London and Westminster|
|Lloyds||Chatteris||Midlands & East||North East Cambridgeshire|
|Lloyds||Clare||Midlands & East||South Suffolk|
|Lloyds||Colchester University Of Essex||Midlands & East||Harwich and North Essex|
|Lloyds||Coningsby||Midlands & East||Louth and Horncastle|
|Lloyds||Cricklade||Central & South||North Wiltshire|
|Lloyds||Croydon George St||Greater London||Croydon Central|
|Lloyds||Dawlish||Wales & West||Newton Abbot|
|Lloyds||East Wittering||Central & South||Chichester|
|Lloyds||Frinton-on-Sea||Midlands & East||Clacton|
|Lloyds||Hassocks||Central & South||Arundel and South Downs|
|Lloyds||Hednesford||Midlands & East||Cannock Chase|
|Lloyds||Henley-in-Arden||Central & South||Stratford-on-Avon|
|Lloyds||Hull Derringham||North||Kingston upon Hull West and Hessle|
|Lloyds||Lakenheath||Midlands & East||West Suffolk|
|Lloyds||Ledbury||Wales & West||North Herefordshire|
|Lloyds||Mablethorpe||Midlands & East||Louth and Horncastle|
|Lloyds||Midhurst||Central & South||Chichester|
|Lloyds||Ottery St Mary||Wales & West||East Devon|
|Lloyds||Plymouth Southway||Wales & West||Plymouth, Moor View|
|Lloyds||Royton||North||Oldham West and Royton|
|Lloyds||Rye||Greater London||Hastings and Rye|
|Lloyds||Selsey||Central & South||Chichester|
|Lloyds||Soham||Midlands & East||South East Cambridgeshire|
|Lloyds||St Leonards-on-Sea Silverhill||Greater London||Hastings and Rye|
|Lloyds||Stalybridge||North||Stalybridge and Hyde|
|Lloyds||Stevenage High St||Midlands & East||Stevenage|
|Lloyds||Upton-upon-Severn||Wales & West||West Worcestershire|
|Lloyds||Watton||Midlands & East||Mid Norfolk|
|Lloyds||Wealdstone||Greater London||Harrow West|
|Lloyds||West Ealing||Greater London||Ealing, Southall|
|Lloyds||Wingham||Greater London||South Thanet|
|Halifax||Chester St Werburgh||North West, NI & Scotland||City of Chester|
|Halifax||Harold Hill||Greater London||Hornchurch and Upminster|
|Halifax||Knightsbridge||Greater London||Cities of London and Westminster|
|Halifax||Preston Orchard St||North West, NI & Scotland||Preston|
|Halifax||Walsall Park St||Central & Wales||Walsall South|
|Halifax||York Davygate||North||York Central|
This additional table shows all of Lloyds Banking Group’s closures announced in 2017.
|Halifax||Cardiff Capitol||Cardiff Central||Wales||March|
|Halifax||Guiseley||Pudsey||Yorkshire and The Humber||March|
|Halifax||Liverpool Bold Street||Liverpool, Riverside||North West||May|
|Halifax||Norwich St Stephens||Norwich South||East of England||March|
|Halifax||Yarm||Stockton South||North East||March|
|Bank of Scotland||Alva||Ochil and South Perthshire||Scotland||April|
|Bank of Scotland||Bridge of Allan||Stirling||Scotland||February|
|Bank of Scotland||Carnoustie||Dundee East||Scotland||April|
|Bank of Scotland||Dalmuir||West Dunbartonshire||Scotland||March|
|Bank of Scotland||Denny||Falkirk||Scotland||February|
|Bank of Scotland||Edinburgh Piershill||Edinburgh East||Scotland||March|
|Bank of Scotland||Giffnock||East Renfrewshire||Scotland||February|
|Bank of Scotland||Glasgow Scotstoun||Glasgow North West||Scotland||March|
|Bank of Scotland||Lochgelly||Kirkcaldy and Cowdenbeath||Scotland||February|
|Bank of Scotland||Prestwick||Central Ayrshire||Scotland||March|
|Bank of Scotland||Stirling Munro Road||Stirling||Scotland||February|
|Lloyds||Acle||Broadland||East of England||May|
|Lloyds||Avenue, Southampton||Southampton, Test||South East||March|
|Lloyds||Banner Cross||Sheffield, Hallam||Yorkshire and The Humber||February|
|Lloyds||Broomhill Sheffield||Sheffield Central||Yorkshire and The Humber||March|
|Lloyds||Bungay||Waveney||East of England||May|
|Lloyds||Burslem||Stoke-on-Trent North||West Midlands||April|
|Lloyds||Codsall||South Staffordshire||West Midlands||February|
|Lloyds||Cullompton||Tiverton and Honiton||South West||April|
|Lloyds||Great Shelford||South Cambridgeshire||East of England||February|
|Lloyds||Halesworth||Suffolk Coastal||East of England||May|
|Lloyds||Hornsea||Beverley and Holderness||Yorkshire and The Humber||June|
|Lloyds||Hythe||Folkestone and Hythe||South East||May|
|Lloyds||Larkfield||Chatham and Aylesford||South East||March|
|Lloyds||Llandeilo||Carmarthen East and Dinefwr||Wales||May|
|Lloyds||Moulsham Street, Chelmsford||Chelmsford||East of England||March|
|Lloyds||Norwich Surrey St||Norwich South||East of England||March|
|Lloyds||Pocklington||East Yorkshire||Yorkshire and The Humber||June|
|Lloyds||Poole Commercial Rd||Poole||South West||April|
|Lloyds||Ripon||Skipton and Ripon||Yorkshire and The Humber||June|
|Lloyds||Rochester||Rochester and Strood||South East||April|
|Lloyds||Rottingdean||Brighton, Kemptown||South East||March|
|Lloyds||Sandwich||South Thanet||South East||March|
|Lloyds||Southwold||Suffolk Coastal||East of England||May|
|Lloyds||Woolston||Southampton, Itchen||South East||March|
What’s driving the wave of branch closures?
Banks argue that fewer and fewer customers are using branches. In an exclusive interview with Which?, RBS chief executive Ross McEwan said that the number of people visiting branches had fallen by 40%, while use of mobile and online banking had soared.
- Read more: How to open a bank account online
Banks are increasingly telling customers to use the Post Office network to do their face-to-face banking, where they can pay in and withdraw money.
Many are offering mobile branches, such as vans, to visit communities hardest hit by branch closures.
Lloyds has pledged to expand its mobile branch network by another seven, to 36 in total.