Lloyds, Halifax, and Bank of Scotland to Close 100 Branches
Lloyds Banking Group recently announced plans to close 100 branches across its Lloyds Bank, Halifax, and Bank of Scotland brands. This decision, set to take place between May 2026 and March 2027, follows a pattern of ongoing closures within the bank.
Details of the Branch Closures
The latest round of closures includes:
- 53 Lloyds branches
- 31 Halifax branches
- 11 Bank of Scotland branches
In total, this announcement signifies a closing of 95 branches. Additionally, Lloyds is in the midst of another reduction, with 49 sites expected to shut down by October of this year. This follows a previous announcement from around a year ago, which detailed the closure of 136 branches.
Future of Banking Access
To mitigate the impact of these closures on cash access, the cash access network Link has proposed setting up 15 new banking hubs. These hubs will provide essential banking services, including cash withdrawals, deposits, and bill payments, to local communities.
Overview of Lloyds Banking Group’s Remaining Branches
Once all these closures are finalized, Lloyds Banking Group will operate 610 branches in total. A spokesperson for the bank emphasized their commitment to offering diverse banking options tailored to customer needs. Enhanced digital services, community banking, and a network of accessible branches aim to provide customers with flexibility.
List of Bank of Scotland Branch Closures
The following Bank of Scotland branches are scheduled to close:
- Benbecula – July 1
- Blairgowrie – June 18
- Bridge Of Don – June 10
- Broughty Ferry – June 15
- Garrowhill – June 4
- Haddington – June 11
- Kelso – June 18
- Lochgilphead – June 22
- Penicuik – June 4
- Rutherglen – June 11
- Stonehaven – June 18
This strategic decision marks a significant transition in how Lloyds, Halifax, and Bank of Scotland will operate in the future while also emphasizing their adaptability to modern banking preferences.
