Lloyds Bank has confirmed it will close its Beeston branch later this year. The company cited a decreased number of visitors to the bank as the reason for the move. The bank, off Foster Avenue, will close on May 11.
The announcement of the Lloyds closure means that it is the third bank in less than a year to announce that it will shut its doors in the area. Barclays closed its branch in Chilwell Road in September last year, with this closure described as a "big blow" by shoppers.
The NatWest bank in High Road is also set for closure next week (January 25). Its closure has been labelled a 'shame' by shoppers who have been left to ponder the future of the 'lovely' building.
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Lloyds Bank has said that 78 percent of their customers "already use other ways of banking", such as over the phone or internet banking, as well as other branches. Transactions at the Beeston branch fell over 51% between 2017 and 2022.
The company suggested customers use the nearby post office, in High Road, for their face-to-face banking needs. Alternatively, people can visit their branch in Long Eaton.
A spokesperson for Lloyds Bank said: “Visits to our Beeston branch have fallen over recent years, as many customers now choose to bank in different ways. When the branch closes in May, customers can continue to bank in person with us at Long Eaton branch or the local Post Office on High Road.”
Towards the end of 2022 Which? suggested that banks and building societies have closed, or have scheduled to close, a total of 5,355 branches since January 2015. This amounts to 54 branches each month.
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