Bank of Scotland Plans Closure of 13 Branches Across Scotland by 2026

The Bank of Scotland, owned by Lloyds Banking Group, plans to close 13 branches across Scotland by 2026, including the last remaining banks in towns such as Nairn and Dingwall, as part of a broader shift towards online banking services. These closures, predominantly set for early next year, have raised concerns among local politicians and communities about the impact on rural areas, particularly for older residents, people with disabilities, and households without reliable internet access. The bank emphasizes that all affected staff will be offered alternative roles, and customers can continue banking through apps, other Lloyds Group branches, the Post Office, banking hubs, and PayPoint locations. However, MPs like Kate Forbes and Wendy Chamberlain are advocating for reconsideration or for the establishment of community banking hubs to maintain access to essential financial services. The closures are part of a larger trend with Lloyds Banking Group shutting 49 branches nationwide, reflecting changing banking behaviors and the increased use of digital services by over 21 million customers. Despite some efforts to introduce banking hubs, only one new hub is planned north of the border, intensifying worries about the loss of in-person banking options in Scottish communities.