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Chronicle Live
Chronicle Live
National
Graeme Whitfield

Lloyds Bank to close Newcastle branch as cuts continue

Lloyds Bank has announced plant to close a Newcastle city centre branch as part of a programme which will see 56 sites close around the country.

The company said 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches will be shut across the UK as fewer customer choose to bank in stores.

Among those earmarked for closure is its branch at Newcastle’s Haymarket.

The closures will happen between between April and October. The move is expected to mean staff numbers will be cut by “under 80” as many employees are to be redeployed in other branches.

A Lloyds Banking Group spokeswoman said: “We are committed to having the largest branch network in the UK and, in addition to our branches, all our customers can also use the Post Office to access their banking locally, alongside our mobile branches which visit many rural communities.

“This is in response to changing customer behaviours and the reduced number of transactions being made in branches.”

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