Ashby to lose yet another bank as Lloyds announces it is to close town centre branch this year

By Graham Hill

18th May 2022 | Local News

Lloyds Bank in Ashby. Photo: Ashby Nub News
Lloyds Bank in Ashby. Photo: Ashby Nub News

Lloyds Bank in Ashby is to close later this year.

It is the latest bank to leave the town centre following the closure of Santander and HSBC, both in Market Street.

The Ashby branch of Lloyds is also on Market Street and appeared well used by the public.

But it is one of 20 Lloyds closures announced today (Wednesday).

Ashby's closure is scheduled for August 25 this year, reports The Mirror.

Lloyds Banking Group, which owns Lloyds, Halifax and Royal Bank of Scotland, said falling customer numbers was the reason.

The union Unite said 69 workers are affected by the closures.

A Lloyds Banking Group spokesperson said: "It remains true that online and mobile banking continue to grow, as branch usage falls.

"On average, visits to these 28 branches have dropped by 60 per cent since 2016, while we now have 18.6million regular online banking customers and over 15million mobile app users."

Lloyds said each of the affected branches had a free cash machine or Post Office within one mile, letting customers do limited banking services.

Unite's national officer Caren Evans said: 'The branch closure announcement today that another profit making financial institution is failing to consider the needs of consumers and staff beggars' belief.

"'This news is another example of a bank choosing to walk away from the communities who need access to banking. The actions of Lloyds Banking Group over the last few months are completely inexcusable.

"This is a betrayal of some of the most vulnerable, elderly and socially excluded in our communities who need local access to community banking."

     

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