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Banking industry

Cornwall to Lose More Banks as Lloyds Announces Closure of Two Branches

Strategic Insights

— 1 min read

Lloyds Bank has made the decision to close its branches in Wadebridge and Liskeard, citing a declining number of customers. The closures are set to take place on February 17, 2025, and February 25, 2025, respectively. This comes as Cornwall has already lost five banks in 2024, including The Halifax on Market Jew Street, Penzance, and Lloyds on Fore Street, Saltash.

Key Takeaways:

  • Lloyds Bank will close its branches in Wadebridge and Liskeard on February 17, 2025, and February 25, 2025, respectively.
  • The closures are due to a declining number of customers, with 722 regular customers at the Wadebridge branch and 827 regular customers at the Liskeard branch over a six-month period ending in February 2024.
  • 79% of customers in Wadebridge and 76% of customers in Liskeard used alternative methods of banking, such as internet banking or calling the bank.
  • The nearest branches for customers in Wadebridge will be on High Street in St Austell or Boscawen Street in Truro, and for customers in Liskeard, the nearest branches will be in Launceston or on Royal Parade in Plymouth.
  • Cornwall has already lost five banks in 2024, including The Halifax on Market Jew Street, Penzance, and Lloyds on Fore Street, Saltash.
  • The branch closures bring the total number of bank closures in Cornwall to over 30 in just over two years.

Statistics:

  • 722 regular customers at the Wadebridge branch over a six-month period ending in February 2024.
  • 827 regular customers at the Liskeard branch over a six-month period ending in February 2024.
  • 79% of customers in Wadebridge used alternative methods of banking over the same six-month period.
  • 76% of customers in Liskeard used alternative methods of banking over the same six-month period.
  • Over 30 bank closures in Cornwall in just over two years.
  • 5 bank closures in Cornwall in 2024.

Sources:

  • "Lloyds Bank to close Wadebridge and Liskeard branches". No date mentioned in the original article.
  • No other sources mentioned in the article.

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