Advertisement

  1. ITV Report

Lloyds Banking Group set to close a number of branches across the region

The South West closures are part of wider changes across the country. Credit: ITV News West Country

Lloyds Banking Group is set to close a number of branches across the region.

The company has been streamlining its network in recent years as more customers turn to mobile and online banking.

The company has been streamlining its network in recent years. Credit: ITV News West Country

The seven South West closures are part of wider changes across the country.

A total of 49 UK branches will be closed, with 305 staff losing their jobs.

Banks say more people are shifting to using online banking. Credit: ITV News West Country

Lloyds' main business competitors have all followed a similar trend in reducing their high street presence.

As more customers use online and mobile banking, footfall in physical branches decreases making them less cost-effective for the company.

The following branches in the South West are set to be closed:

  • Bishops Cleeve, Cotswolds
  • Bovey Tracey, South Devon
  • Cricklade, Cotswolds
  • Dawlish, South Devon
  • Ottery St Mary, Somerset & Devon
  • Plymouth Southway, South Devon
  • Upton-upon-Severn, Severn