Lloyds Banking Group is closing 100 branches across the country in a three-month period this year, with 200 jobs facing the chop.
In total, it is closing 54 Lloyds branches, 22 Halifax branches and 24 Bank of Scotland branches.
Rob MacGregor, Unite union’s national officer, said: ‘The loss of a further 100 local banks will be painful for high streets across the country to absorb.’
More closures: Lloyds Banking Group is closing a further 100 branches up and down the country this year
The 100 branches will close between July and October and form part of 200 closures announced last summer, Lloyds said.
A Lloyds spokesman said: ‘These branch closures are in response to changing customer behaviour, and the reduced number of transactions being made in branches.
‘Our branches will continue to play a vital role in our multi-channel approach to meeting the full range of customer needs, and we expect to continue to have the biggest branch network in the UK.
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‘As we continue to make investment in our network, we will further expand the mobile branch fleet across Bank of Scotland and Lloyds Bank, with the addition of nine new mobile branches.
‘This will provide continuity of services in some of those areas affected by branch closures, alongside other ways to access banking locally.
‘All affected employees have been briefed this morning, and our recognised unions were consulted in advance and will continue to be consulted throughout the process.’
We revealed last month how Lloyds was planning to launch a number of ‘shed-size’ branches.
Under a wider company restructuring already announced, Lloyds said it was cutting 325 jobs in its retail division, while creating 96 new roles.
Closing down: The 100 branches will close between July and October this year
The closure announcements come after Natwest and RBS announced they were closing 150 branches this year, following a ‘dramatic shift’ in consumer banking habits.
By the end of January, 423 bank and building society branches had been axed or put on notice of closure.
Mr MacGregor, from the Unite union, said: ‘Unite is angered that another 200 staff have today been told that their job will be cut due to their branch shutting.
‘Lloyds Banking Group’s rationale for branch closures is the claimed customer preference towards the use of technology across banking.
‘However this simply doesn’t ring true when it’s clear that many customers still value the face to face engagement with experienced and knowledgeable bank staff.
‘The industry must halt these endless branch closure programs and open their eyes to what these closures are doing to rural communities, their disabled customers and the small business customers who depend on access to a local branch.’
Earlier this month, the UK government cut its stake in Lloyds to 1.97 per cent, having previously been its biggest shareholder.