Lloyds Banking Group (LSE: LLOY) has announced a fresh wave of branch closures, bringing the total number of sites set to shut in 2026 and 2027 to 245.
The group had previously confirmed 166 closures across the two-year period, but an additional 79 sites have now been added to that list.
The latest round of closures includes 48 Halifax branches and 31 Lloyds Bank branches, with no additional Bank of Scotland sites announced in this wave.
Lloyds Banking Group has already shuttered more than 1,547 branches between 2015 and June 2026, according to consumer group Which?.
Across the UK banking sector as a whole, an estimated 6,693 branches closed between January 2015 and January 2026, reflecting a dramatic industry-wide retreat from the high street.
The group says that more than three quarters of the branches affected by the latest closures are located within one mile of another Lloyds Banking Group branch.
Additionally, the company says 95% of affected branches have an alternative branch within five miles, offering customers continued access to in-person banking services.
A Lloyds spokesperson said: “With access to one of the biggest branch networks in the UK, alongside local banking options like our Community Bankers, the Post Office, PayPoint, plus our leading apps and 24/7 messaging service, we offer our customers more choice and convenience than ever before.”
Customers across the group’s brands, including Halifax and Bank of Scotland, can use any branch within the Lloyds Banking Group network regardless of which brand they bank with.
Lloyds is far from alone in scaling back its physical presence, with Santander, Barclays, and NatWest all having announced significant branch closures in recent years.
For customers whose local branch is closing, the Post Office remains a key alternative, offering services such as cash withdrawals, balance checks, and cheque deposits.
Santander and Lloyds Banking Group both operate “Community Bankers” programs that provide face-to-face financial support in local communities without requiring a permanent branch.
Barclays runs a network of “Local” sites, operating out of vans, pods, and libraries to offer in-person support to customers affected by closures in their area.
NatWest Group operates mobile banking vans that allow customers to make deposits, withdrawals, cash cheques, and pay bills in communities without nearby branches.
Banking hubs, run by the Post Office, are also available in select areas, offering everyday banking tasks alongside access to community bankers for more complex inquiries on designated days.