Bank of Scotland announces closure of two Borders branches

Lloyds has said the move comes as fewer customers are visiting branches as online banking becomes more and more popular.

Vim Maru, Group Retail Director, Lloyds Banking Group said: “Just like many other high street businesses, fewer customers are choosing to visit our branches. Our branch network is an important way for us to support our customers, but we need to adapt to the significant growth in customers choosing to do most of their everyday banking online.”

The Selkirk Bank of Scotland is set to close on August 8, 2022 and Innerleithen branch on August 4, 2022.

With 18.6 million regular online banking customers and over 15 million mobile app users, the Lloyds group has seen these numbers increase by 12% and 27% retrospectively.

Of the closures, all branches continue to have everyday banking and cash access within one mile.  All closures have been made in line with the Access to Banking Standard and FCA guidance, with the Group’s unions Accord and Unite, consulted.

24 Lloyds banks and 19 Halifax branches are also set to close across the UK. The branches are thought to employ 124 people, but Lloyds said it would try to find affected staff new roles within the company.

Caren Evans, national officer for the union Unite, said: “Lloyds Banking Group must not be allowed to abandon 60 more local communities where bank branches play an essential role.

“The 124 employees who work tirelessly in their communities are dedicated to serving the banking needs of the most vulnerable who depend on their skilled services.

“When a bank branch closes, the heart of the local community is ripped out and the results are devastating. Unite is clear that simply leaving an ATM in place of a vibrant bank branch is wholly insufficient.

“The banking sector needs to answer some serious questions about its corporate social responsibilities and the Government cannot stand back and allow the relentless closure of banks to continue until no more local banking services remain.”

Border Telegraph | News