Malmesbury’s last bank branch to shut as Lloyds announces closure

Malmesbury will soon be left without a single high street banking branch after Lloyds Bank announced it will be closing down in the town.

The branch in the High Street will close its doors for the last time on July 29.

Lloyds Banking Group said 31 Lloyds, 10 Halifax and 15 Bank of Scotland branches will be shut as fewer customer choose to bank in stores.

The move is expected to mean staff numbers will be cut by “under 80” as many employees are to be redeployed in other branches.

Lloyds said they decided to close the Malmesbury branch as transactions had been declining over the past year.

In a closure review, they said that counters at the Malmesbury branch are 23 percent quieter than a year ago, with just 211 customers using the branch on a regular monthly basis.

The banking giant also said that customers in Malmesbury are already banking in other ways.

They say they 56 per cent of personal customers using the branch have also used other Lloyds branches, 79 percent of customers have also used other branches, Internet Banking or PhoneBank and 29 percent of customers have also used the Post Office.

A Lloyds Banking Group spokeswoman said: “We are committed to having the largest branch network in the UK and, in addition to our branches, all our customers can also use the Post Office to access their banking locally, alongside our mobile branches which visit many rural communities.

“This is in response to changing customer behaviours and the reduced number of transactions being made in branches.”

The nearest alternative branch for customers in the Malmesbury area is in Wootton Bassett and Chippenham.

Lloyds Banking Group confirmed there would also be a new mobile branch service visiting the Malmesbury area.

The full timetable will be available at lloydsbank.com/mobilebranch shortly before the new service starts to operate

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