Lloyds Banking Group is to shut 136 more high street branches as it accelerates plans to cut costs and digitise the bank.
It will close 61 Lloyds, 61 Halifax, and 14 Bank of Scotland branches between May this year and March 2026.
The closure plan comes weeks after Lloyds shook up its branch business to allow customers of Lloyds, Halifax, and Bank of Scotland to use stores across any of its brands for in-person banking.
It said that all workers at the affected branches will be offered jobs elsewhere in the company.
The closure plan will bring the Lloyds brand down to 386 branches, Halifax down to 281 branches, and Bank of Scotland to 90 branches once completed.
Lloyds blamed the decision to shut the branches on customers shifting away from banking in person to using mobile services.
Transactions across these branches fell by an average of 48 percent over the past five years as customers used its app more for payments, Lloyds said.
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 group said it is making “good progress” with the transformation plan it launched in 2022.
Earlier this month, the company revealed plans to shut offices in Dunfermline, Scotland and in Liverpool, impacting more than 1,000 workers.
Cash access network Link has recommended that banking hubs are set up in 21 locations affected by the closure, in order to support customers facing a dearth of local banking services.
