Bank announces branch closures across the county

HSBC has announced it is to close four Lincolnshire branches next year as more people are banking online

But the Grantham branch, formerly the Midland Bank in Westgate, has been saved – for now.

HSBC will close over 100 banks across the UK next year, including four in Lincolnshire

The bank has announced it will be closing 114 stores across the United Kingdom in 2023, and four of them are situated in Greater Lincolnshire.

They are

Gainsborough – closing May 2, 2023

Stamford – closing May 16, 2023

Sleaford – closing June 13, 2023

Epworth – closing date TBC

HSBC says that use of the bank’s branch network has fallen by 65% over the past five years, with the decline of use for these banks being accelerated by the COVID-19 pandemic.

However, criticism has been reserved for the closing of in-person banks, particularly in rural areas where people often rely on these branches for their banking services.

HSBC claim that 97.5% of all its banking transactions come from online rather than in-person, signalling a shift in the way people opt to use and access their bank accounts.