LLOYDS Banking Group has announced it will close more than 40 Lloyds and Halifax bank branches.
The latest round of closures covers banks located in England and Wales.
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The bank said that 29 Lloyds bank branches will close and 15 Halifax locations.
Lloyds and others banks have been closing branches over the past few years because more customers are banking online rather than in person.
Vim Maru, the retail director at Lloyds Banking Group, said it had “seen customers carry out significantly fewer transactions at these locations”.
He said: “We’ve also seen our digital banking customers grow by over four million in five years, to almost 18 million, of which 13.6 million also choose to be active app users.
“This means that, like many businesses on the high street, we must change for a future where branches will be used in a different way, and visited less often.”
More to follow…
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