Lloyds Banking Group has confirmed it will close 292 branches between 2024 and 2025 in a move that will cause "real concern for the vulnerable and elderly", according to analysts.
Bank branch closures have ramped up in recent years with more than 6,000 sites shutting down since 2015, based on research conducted by consumer watchdog Which?.
High street banks are under pressure to improve their provision of cash services amid these shut down downs under new Financial Conduct Authority (FCA) rules.
Multiple banks, including Lloyds, have pledged to offer services through the recently rolled out banking hubs but analysts are concerned not enough is being done.
Among the other banking groups to shut down sites in recent years include NatWest, Barclays and Santander.
The recently confirmed closures from Lloyds Banking Group will affect its Lloyds, Halifax and Bank of Scotland branches.
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Bank branch closures are continuing at an 'alarming rate', according to Which?GETTY Here is a full list of the Lloyds Banks closing down in 2024 and 2025:
Here is a full list of the Halifax banks closing down in 2024 and 2025:
Here is a full list of the Bank of Scotland banks shutting down in 2024 and 2025:
- Aviemore - Main Road PH22 1RH - June 11, 2024
- Banff - 29 Low Street AB45 1AU - July 30, 2024
- Bathgate - 50 Hopetoun Street EH48 4EU - June 30, 2025
- Bonnyrigg - 24 High Street EH19 2AA - October 16, 2024
- Bowmore - Shore Street PA43 7LB - May 8, 2024
- Bridge of Weir - Main Street PA11 3ED - July 1, 2024
- Buckie - 21 East Church Street AB56 1EX - August 1, 2024
- Callander - 42 Main Street FK17 8BD - October 30, 2024
- Campbeltown - 9 Longrow South PA28 6AL - October 29, 2024
- Cowdenbeath - 349-351 High Street KY4 9QJ - June 24, 2025
- Crieff - 1 Galvelmore Street PH7 4DN - May 29, 2024
- Cumnock - 43/45 Townhead Street KA18 1LF - June 26, 2024
- Cupar - The Cross KY15 4BP - May 29, 2024
- Dunbar - 95 High Street EH42 1ER - May 21, 2024
- Dunfermline - 1 Bothwell Street KY11 3AG - January 21, 2025
- Ellon - 5 The Square AB41 9JB - September 10, 2024
- Girvan - 17 Dalrymple Street KA26 9EU - June 17, 2024
- Glasgow - 174 Byres Road G12 8SW - March 21, 2024
- Golspie - Main Street KW10 6RJ - February 4, 2025
- Govan - 816 Govan Road G51 3UP - January 9, 2024
- Isle of Arran - Brodick KA27 8AB - January 31, 2024
- Isle Of Harris - Main Street, Tarbert HS3 3DJ - February 22, 2024
- Isle Of North Uist - Lochmaddy HS6 5AA - February 26, 2024
- Jedburgh - 40 High Street TD8 6DQ - May 20, 2024
- Kilcreggan - Shore Road G84 0JH - August 15, 2024
- Kirkcaldy - Carberry Road KY1 3PA - January 21, 2025
- Kyle - Main Street IV40 8AB - January 27, 2025
- Lanark - 23 Bloomgate ML11 9EZ - August 13, 2024
- Langholm - High Street DG13 0JH - April 7, 2025
- Lesmahagow - 9 Abbeygreen ML11 0HD - August 12, 2024
- Leven - 60 High Street KY8 4NA - May 7, 2025
- Linlithgow - Regent Centre Blackness Road EH49 7HU - February 18, 2025
- Mallaig - Main Street PH41 4PZ - October 16, 2024
- Millport - 42 Stuart Street KA28 0AQ - February 20, 2024
- Montrose - 31 High Street DD10 8LT - March 10, 2025
- Newton Stewart - 37 Albert Street DG8 6EF - June 23, 2025
- North Berwick - 23 Westgate EH39 4AG - February 19, 2025
- Pollok - Civic Realm Leisure Centre, 27 Cowglen Road G53 6EW - July 3, 2024
- Port Glasgow - 26 John Wood Street PA14 5HX - September 10, 2024
- Portobello - 153 Portobello High Street EH15 1AG - October 22, 2024
- Renfrew - 1 High Street PA4 8QJ - July 4, 2024
- Rothesay - 36-42 Montague Street PA20 0BT - June 30, 2025
- Strathaven - 13 Common Green ML10 6AQ - December 3, 2024
- Tarbert - Harbour Street PA29 6TZ - April 29, 2024
- Wick - 18 Bridge Street KW1 4NG - June 25, 2025.
LATEST DEVELOPMENTS:
High streets have been hit by a wave of store closures since the pandemic, on top of banks shutting down PAAlastair Douglas, the CEO of Totally Money, has sounded the alarm that certain demographics are more at risk than others as the rate of closures accelerates.
He said: “While digital is becoming increasingly popular, the real concern is for the elderly and vulnerable. They’ll be less likely to have the understanding and ability to access online services and apps, effectively locking them out of the banking system.
"And as we quickly advance towards an increasingly digital world, we must make sure that nobody is left behind. If you’re not happy with the service being provided by your bank then it’s worth looking into your options, and finding one which better suits your needs.
"Loyalty doesn’t pay, and with the Current Account Switch Service Guarantee, your payments and balance will be moved over automatically and your old account will be closed for you. So, you won’t need to worry.”
A Lloyds Banking Group spokesperson said: “Mobile banking is more popular than ever, with over 19.5 million customers choosing our app to manage, maximise and understand more about their money. Alongside our app, customers can bank online, over the phone, at a Banking Hub, a Post Office or by speaking to one of our Community Bankers.”
"All branch locations announced for closure have alternative options for accessing cash nearby, such as a Post Office, or free to use ATM. We’ll also be introducing 37 new Community Bankers, in addition to those already helping communities, to provide targeted banking support where a branch is closing."
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