Lloyds Bank to close branches in Chelmsford, Southwold, Halesworth and Bungay

Lloyds Banking Group is to close 49 branches and axe almost 100 jobs in a move that unions have bran

Lloyds Banking Group is to close 49 branches and axe almost 100 jobs in a move that unions have branded as "unnecessary". Picture: Andrew Matthews/PA Wire - Credit: PA

Four branches of Lloyds Bank in Suffolk and Essex are among 49 being axed by its parent group in a move putting 99 jobs at risk.

Lloyds Banking Group, which also includes the Halifax and Bank of Scotland brands, said its closure programme refelected changing customer behaviour and the declining number of transactions being made in branches.

A total of 32 Lloyds Bank branches are to close including those in Southwold, Halesworth, Bungay and Moulsham Street, Chelmsford. Six Halifax and 11 BoS branches also also affected, but none in Suffolk or Essex.

A Lloyds spokesman said: “Customers are increasingly choosing to use digital and mobile channels for their everyday banking needs.

“As a consequence, the number of customers visiting some of our branches has declined in recent years. In response to this, we have confirmed the locations of some branches which will close next year across Lloyds Bank, Halifax and Bank of Scotland.”

Lloyds added that it would not be able to say how many jobs will be lost at individual branches until a process of redeployment was completed.

The group insisted that branches remain a “key part of the service” it offers. But union Unite reacted with fury, saying the move undermined growth and would leave more communities without access to “valued local banking”.

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Rob MacGregor, Unite national officer, said: “Lloyds Banking Group needs to halt this unnecessary bank branch closure programme.

“Local communities are making it clear that the closure of their local branch excludes customers who cannot use digital means to conduct their financial transactions.

“Having returned to profitability Lloyds needs to stop ignoring its corporate social responsibilities.”

The bank unveiled a hefty rise in third-quarter profits last month as the once state-backed lender hailed a “strong financial performance”.

The company saw pre-tax profits more than double to £1.95bn as chief executive Antonio Horta-Osorio’s turnaround of the lender continues.

The results built on a strong run of form for Lloyds, which was fully returned to private hands in May, nearly nine years after the Government bailed it out at the height of the financial crisis.

At the peak, Lloyds was 43% owned by the state following its bailout during the banking crisis, after taxpayers were forced to inject £20.3 billion into rescuing the bank.

The group has also been dogged by PPI claims, having paid out over £18bn to date to affected customers.