Bank of Scotland has announced plans to close more than 20 branches in the next year, continuing a trend of closures as the bank shifts its focus to online and digital platforms. This follows research that reveals a significant decline in bank branches across the UK. The closures will impact customers in Scotland, with 22 branches closing in 2025 and three more in 2026.
The banking chain has already seen closures in the past year and now customers should expect more to follow in 2025 and 2026.Lloyds Banking Group, which owns Lloyds, Halifax and Bank of Scotland , has confirmed that more hubs will be scrapped in the coming months.
Once all closures are finalised, Lloyds Banking Group will be left with 757 branches in total: 386 Lloyds branches, 281 Halifax branches, and 90 Bank of Scotland branches. This is due to its accessibility providing "24/7/365 access and the power to view, understand and manage their money in one simple place".
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BANKING CLOSURES DIGITAL TRANSFORMATION SCOTLAND CONSUMER IMPACT
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