Lloyds Bank to close Hertford branch

Lloyds Bank in Market Place is to close on 12th February 2024, joining Barclays, HSBC and Natwest in leaving the town.

The bank say that only 168 customers have regularly used the bank in the 12 months to April 2023 and that personal customer transactions are down 71% in the five years to April.

Lloyds Banking Group have previously said: "Our customers are increasingly using digital channels to manage their money – we now have over 20 million regular digital users so it’s important we continue to develop the online services our customers want to use. Our branches will continue to be an option for our customers, alongside our telephone services, mobile app and online bank."

"All of the branch locations announced for closure have a Post Office and at least one free to use ATM nearby. As with all proposed closures, these plans have been through LINK’s independent cash-access assessment, where a number of enhancements have been recommended. All colleagues who work at these branches will move to a role at another branch or in another part of our business, there are no job losses as a result of these changes.

"All closures have been made in line with the Access to Banking Standard and FCA guidance."

Barclays Bank in Market Street closed on 25 February 2022, folowed by HSBC on 20th June 2023 and Natwest on 15th August 2023. All of the premises remain empty.