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Home Business

Tilehurst branch of Lloyds Bank to close this autumn

Phil Creighton by Phil Creighton
Tuesday, August 2, 2022 6:04 am
in Business
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Lloyds Bank is closing its Tilehurst branch Picture: Phil Creighton

Lloyds Bank is closing its Tilehurst branch Picture: Phil Creighton

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LLOYDS Bank has announced it is to close its Tilehurst branch this autumn.

The company said customers needing counter services can continue to use its Broad Street branch in Reading town centre.

The closure has been sparked by a reduction in footfall, and stated that 56% of its customers have also used other branches, while 82% have used internet banking or phone services.

Almost half of the branch customers are aged 55 or over, while just 19% of its visitors are 34 or under.

And transactions in March this year are around two-thirds down on the same period in 2017.

The branch’s final day is set to be Thursday, November 3.

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