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Lloyds Banking Group announces closure of 136 high street branches including Halifax

by DD Staff

January 29, 2025

Lloyds Banking Group confirmed the mass closures

key takeaways

The closing of 136 high street branches has been confirmed by a major financial corporation, dealing the high street yet another devastating blow.

Between May of this year and March of 2026, the Lloyds Banking Group plans to close 14 Bank of Scotland, 61 Halifax, and 61 Lloyds branches. The closure plan was announced just weeks after Lloyds restructured its branch operations to enable in-person banking for customers of Lloyds, Halifax, and Bank of Scotland at any of its brands.

Lloyds blamed the decision to shut the branches on customers shifting away from banking in person to using mobile services.

It said that all workers at the affected branches will be offered jobs elsewhere in the company.

A spokeswoman for the business said: "Over 20 million customers are using our apps for on-demand access to their money and customers have more choice and flexibility than ever for their day-to-day banking.

"Alongside our apps, customers can also use telephone banking, visit a community banker or use any Halifax, Lloyds or Bank of Scotland branch, giving access to many more branches.

"Customers can also do their everyday banking at over 11,000 branches of the Post Office or in a Banking Hub."

The news comes just days after NatWest confirmed that it was axing 53 branches this year. If your local bank branch is shutting down, you might still be able to do the basics at your local Post Office – such as depositing cash and cheques, making withdrawals, and balance checks.

Many towns and cities will also now play host to "banking hubs" which Chjancellor Rachel Reeves recently praised when opening the 100th hub last month.

She said: "Reaching this milestone of 100 banking hubs is a huge step towards making sure that people across the country have access to essential face-to-face banking services.

"High streets are the beating heart of our communities but were neglected for too long under the previous government. We are revitalising our high streets with our target for 350 banking hubs, reforming business rates to make them fairer and clamping down on antisocial behaviour."