A branch of Lloyds Bank in Oxford will close down later this month.

The branch will close down as part of a mass closure across the country by the bank’s parent company, Lloyds Banking Group.

Lloyds Bank on 201 Banbury Road in Summertown will shut its doors for the final time on July 21.

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In March, the parent company announced it will shut 24 Lloyd Banks, 19 Bank of Scotlands and 17 Halifax banks. 

Oxford Mail:

The decision was made after the number of customers using online banking reached an all-time high this year, the company said.

It said it now has 18.6 million regular online banking customers - up 12 per cent - and more than 15 million mobile app users up 27 per cent in the past two years. 

As well as the Summertown branch, the Abingdon branch of Halifax closed down on June 29.  

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.”

Across the UK the Lloyds Banking Group has 739 Lloyds Banks branches, 553 Halifax and 184 Bank of Scotland branches.

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This story was written by Sophie Perry. She joined the team in 2021 as a digital reporter.

You can get in touch with her by emailing: sophie.perry@newsquest.co.uk

Follow her on Twitter @itssophieperry

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