The Brecon branch of Lloyds Bank is set to close next year.

The branch, located at 38 High Street, will close its doors for the final time on Tuesday, February 11, 2025.

Lloyds says the reason for the closure is that fewer people are using the branch.

According to Lloyds figures, the amount of customer transactions fell by 44 per cent between 2019 and 2024. The figures for business customers dropped by 41 per cent during the same period.

The branch has 735 customers that use it on a regular basis. More than half (59 per cent) of its customers are aged 55 and above.

Following the closure, the nearest branches of Lloyds will be in Ebbw Vale and Merthyr Tydfil.

Today’s news follows the announcement earlier this year that the Lloyds branch in Presteigne will close in March 2025.

A spokesperson for Lloyds Bank told the B&R: “As many customers now choose to bank through their mobile app or online, visits to our Brecon branch have fallen over recent years. The local Post Office offers everyday banking, with cash also available at close by free-to-use ATMs.

“Customers can also manage their money through our mobile banking apps, online, by calling us or speaking to a Community Banker.”

They added that 79 per cent of their personal customers use other ways of banking, such as mobile, internet or phone banking, as well as other branches.

Mid and West Wales MS Jane Dodds and Liberal Democrat MP for Brecon, Radnor and Cwm Tawe David Chadwick have today come out with a joint statement detailing their disappointment around the closure and expressing concern for those who financial rely on the bank.

Both politicians have said that they will be pressing the Welsh and UK Governments to mitigate the effects caused by the closure of high street banks in rural areas.

“It is deeply disappointing to hear that the Lloyds bank in Brecon will be closing down next year, dealing a huge blow to both the town centre and local residents,” said Ms Dodds.

“Many people, such as the elderly and those without regular access to the internet, still rely on high street banks to do their banking.

“We must do everything in our power to ensure that these people are not cast aside and forgotten about as we enter the digital age.

“I will be asking the First Minister what her government intends to do about the loss of banks on our rural high streets.”

Mr Chadwick added: "Residents across Mid Wales have had to deal with an unprecedented number of bank closures in recent years and this will be yet another blow to our local community.

“I will be pressing the new UK Government to strengthen the minimum service requirements offered by our high street banks and to accelerate the rollout of banking hubs to ensure residents and local businesses continue to have access to cash services."