Lloydsbankshanklin

LLOYDS TO CLOSE SHANKLIN BRANCH AS CUSTOMERS SWITCH TO ONLINE BANKING

Lloyds Bank has announced that it will be closing its Shanklin branch on the Isle of Wight later this year.

The banking giant has revealed that 24 Lloyds branches will be closing in 2022, alongside 19 Bank of Scotland branches and 17 Halifax branches – a total of 60 locations.

The decision to close the face-to-face counters up and down the country has been blamed on the shift to online banking, which has reduced the demand on High Street branches such as Shanklin.

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It’s said that 124 jobs will be impacted but no compulsory redundancies are to be made, with employees given the option to move to a new role within the group.

The Isle of Wight will be left with just 2 branches in Ryde and Newport. Previously, there were branches at Bembridge, Cowes, Sandown, Shanklin and Freshwater.

Vim Maru, group retail director at Lloyds Banking Group, has today (Wednesday) said:

“Just like many other high street businesses, fewer customers are choosing to visit our branches.

“Our branch network is an important way for us to support our customers, but we need to adapt to the significant growth in customers choosing to do most of their everyday banking online.”

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It’s unclear exactly when Shanklin’s Lloyds Bank will close, but it is expected to be in the Summer between June and September this year.

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plato
plato
4 months ago

Like Lloyds give a flying toss about what anyone thinks. Remember – its not about your convenience, its all about theirs.

Joe P
Joe P
4 months ago

I feel sorry for the staff at the Shanklin Post Office. They seem under enough pressure as it is with Natwest, Barclays and HSBC all closing in the town in recent years. The last thing they need is another workload from Lloyds dumped on them as well.

dot
dot
4 months ago

was it something i said ie

mr george french
mr george french
4 months ago

Our branch network is an important way for us to support our customers,
yea if you believe that there must be pigs flying over shanklin pier total lies
they do not care anything about there customers just about money saved

 

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