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CLOSING TIME: Second bank within a year set to shut down on Berkhamsted High Street

 Published on: 27th October 2021   |   By: Jake Levison   |   Category: Uncategorized

Lloyds Bank will be the second bank to close within a year on Berkhamsted High Street when it permanently closes its doors.

Lloyds Banking Group confirmed that its 205 High Street premises would be one of 48 of their banks to close across the UK on March 9, 2022.

This follows the closure of Barclays at 189 High Street last September, which said that 87 per cent of the branch’s customers also use other ways to do their banking, such as online and by telephone.

While Lloyds Bank will not be releasing an in-depth branch review until nearer March next year, they have cited similar reasons to Barclays for the closure.

In a statement, they said: “Our customers’ needs are changing. Almost 18 million people now bank with us through internet banking and over 13 million use mobile banking.

“Branches will remain vital in meeting customers’ needs but we must continually review our network to make sure we have branches in locations where customers need and use them the most.

“As a result, we’ve made the difficult decision to close this branch because customers are using it less often. In addition, the majority of customers are also using alternative ways to bank.

“You can continue to use any other Lloyds Bank branch and the nearest alternative is The Marlowes, Hemel Hempstead branch.

“You can also use your local Post Office for many everyday banking transactions. We’ll still be here to support you, and there are other ways you can continue to do your banking.”

To find out more about the decision, go to www.lloydsbank.com/contact-us/branch-closures.html

Photo credit: Rectory Lane Cemetery

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