As Lloyds and Halifax announce more closures, another 40 banks will be closing down on the high street in 2014.
According to banks, 39 of these closures will be in England. They will take place between April and June.
Lloyds Banking Group, which is the owner of both high-street banks, announced the closures because customer numbers have declined by 60% in the past five years.
Halifax will close 18 branches in Essex, Bletchley and Golders Green in north London.
Closed branches of Lloyds include Ipswich and Twickenham in southwest London, and Harrow in north London.
Lloyds stated that the job losses will not be caused by the closings.
Barclays recently announced that it would close 15 branches in the year ahead of banks reducing their physical locations. TSB however confirmed that it will close nine sites.
Today’s announcement brings the total number confirmed bank closings for this year to 64.
Although in-person visits were declining prior to the pandemics, lockdowns only exacerbated the situation. People had to learn how to bank online.
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