Four Lancashire branches of Santander to close

Four Lancashire branches of Santander bank are to close, it has been announced.

The high street lender has announced plans to close 95 of the bank's existing 444 UK branches.

The Spanish banking giant said it will shut the branches at Cleveleys on June 23rd, Colne on July 14th and Rawtenstall on July 15th, while the Lytham St Annes branch is also named for closure, although no date as to when has been given.

The continued move to online banking has been given as a reason for the closures. The bank said financial transactions completed in branches fell 61% since 2019, while the use of internet banking to open accounts and conduct banking rose.

A spokesperson said: "Closing a branch is always a very difficult decision and we spend a great deal of time assessing where and when we do this and how to minimise the impact it may have on our customers.’’

Santander said 93% of the UK population will continue to be within 10 miles of a branch, and customers can conduct banking in 11,000 Post Office branches nationwide and 112 banking hubs.

Closing branches are all within one mile of the nearest Post Office.

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