A VILLAGE in Somerset is set to lose its only bank as a closure date has now been confirmed.
The Lloyds Bank branch in Street will be closing next year, after Lloyds recently confirmed closures were coming as more customers choose to bank online.
Customers will be allowed to bank there until March 15, as per signage on the bank.
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The branch is one of nearly 100 banks operated by Lloyds Banking Group that are closing between May 2026 and March 2027. The group said 53 Lloyds, 31 Halifax and 11 Bank of Scotland banks would be closed within this timeframe.
The nearest Lloyds bank that will remain open following the closure of this bank is the one in Wells at 24-26 High Street.
Following the closure of the Street Lloyd Bank branch, the village will receive a new banking hub. Banking hubs are a shared banking space, similar to a traditional bank branch, but available to everyone.
Delivered by Cash Access UK, the hub will consist of a counter service where customers of any bank can withdraw and deposit cash and make bill payments.
LINK, the UK’s cash access and ATM network, has confirmed the banking hub as part of a wider commitment to protect access to cash.
Chris Ashton, LINK chief commercial officer, said: “While more people are choosing to bank and pay for things digitally, we know that many people still rely on and choose to use cash.
“That’s why we’re delighted to recommend the new hub in Street. There are over 214 hubs open across the country, and when it opens, the Street banking hub will be vital for the local community and high street.”
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