Haverhill will become the third town in Suffolk to be left with no bank after Lloyds announced it will shut its branch next year. 

The banking giant is set to close its High Street branch next summer. 

According to Lloyds, 81% of the branch's customers use other ways of banking, such as mobile, internet, or phone banking as well as other branches. 

East Anglian Daily Times: A closure sign has been put up in the window of Lloyds Bank in HaverhillA closure sign has been put up in the window of Lloyds Bank in Haverhill (Image: Danny Bramhald)

As part of this assessment, a new Banking Hub has been recommended for Haverhill by LINK.

Lloyds has said if the Banking Hub is not up and running by the listed closure date of June 25, 2024, the branch will be kept open for up to 12 months.

It comes after Barclays announced it will close its Southwold branch later this year

When the Haverhill bank closes, it will join Southwold and Mildenhall as some of the Suffolk towns with no banks. 

A Lloyds Bank spokesman said:  “As many customers now choose to bank online or through their mobile app, visits to our Haverhill branch have fallen over recent years. 

"Customers can use the local Post Office for everyday banking which is a short walk away, access cash at the nearby free-to-use ATMs, alongside other ways to bank such as over the phone and online, or the new Banking Hub once it is up and running.“