Bank of Scotland is planning to close 23 branches across the country, 14 of which have been identified as the “last bank in town”.
A spokesman said the decision is part of a three-year strategy of closures, announced by the lender’s parent Lloyds Banking Group, in 2014.
Of the branches closing, seven are in the North-east, four in Tayside, and three in the Highlands. There are two in Edinburgh and one in Glasgow. Branches including those in Broadfoot on Skye and Edzell in Angus have been identified as the last bank in town.
The bank spokesman said: “As part of this strategic review, we can confirm today that Bank of Scotland will be closing 23 branches. In most cases, this is as a result of falling customer demand while in others it is because of overlaps with other nearby branches.
“These changes will not result in any compulsory job losses. We aim to redeploy everyone currently working at a closing branch to alternative Bank of Scotland branches.”
• READ MORE: TSB to close eight ‘underused’ Scottish branches
Referring to the 14 bank branches deemed as the last in town, the spokesman added: “Our customers’ behaviours and the way in which they interact with us are changing. We know they value the branch experience, but do so alongside our other channels such as online, digital and phone. We have made the difficult decision to close these branches because of changing customer behaviours, resulting in customers using them less often.
“However, the majority have at least one free cash machine within walking distance and all branches also have a local post office within walking distance. We are also looking to expand our existing mobile branch service to support some of the more rural communities.”
Aberdeen Central MSP Kevin Stewart said he was writing to Lloyds Banking Group chief executive, António Horta-Osório, urging the company to reconsider their decision.
“I am disappointed that Bank of Scotland are planning to close yet another branch in our city. I hope that Bank of Scotland will take another look at this decision.
“After the recent closure of the Old Aberdeen and Mile-End branches, many people who rely on in-branch services were already having to go further out of their way. Now a number of people in the George Street area will now find themselves in a similar situation.
“My office has already had assurances that no jobs will be lost as a result of this decision but I still have concerns about the impact this could have on the local area, in particular the large number of small, independent businesses, some of which will just be starting up, and also some of the local residents who may struggle to get to other branches.”
In June, it emerged TSB was to close 25 “less well used” branches – including eight in Scotland – in a move it said reflected “evolving customer demand”. The lender, spun off by Lloyds Banking Group and now owned by Spain’s Sabadell, also said it would create a new £2 million “flagship” branch in Aberdeen, due to open in November.
Full list of Bank of Scotland closures:
Aberdeen John Street
Bishopton, Renfrewshire (last bank in town)
Broadford, Isle of Skye (last bank in town)
Coupar Angus, Perthshire
Cullen, Moray (last bank in town)
Currie, Midlothian (last bank in town)
Drumnadrochit, Highland (last bank in town)
Edinburgh St Andrew Square
Edzell, Angus (last bank in town)
Fochabers, Moray (last bank in town)
Glasgow Central Station
Inveraray, Argyll & Bute
Kinghorn, Fife (last bank in town)
Lochcarron, Wester Ross (last bank in town)
Macduff, Aberdeenshire (last bank in town)
New Pitsligo, Aberdeenshire (last bank in town)
Perth West End
Polmont, Falkirk (last bank in town)
Portsoy, Aberdeenshire (last bank in town)
Scone, Perthshire (last bank in town)