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Lloyds to Retire Halifax Brand, Close Two Branches

7/2/2026

22 2 Full Breakdown

Summary

Story summary

Lloyds Banking Group will retire the Halifax name after 173 years and transfer all Halifax accounts to Lloyds accounts, keeping sort codes and numbers.
On 1 July 2026, the rebranding will be finished by 2027, will involve no cuts for 3,000 Halifax staff, and requires no action from customers.
Halifax branches in Taunton and Weston-super-Mare will close in October, bringing closures to 174 and leaving 190 Halifax outlets among 531 UK branches.

History

Historical Context

The 1995 reverse-takeover of the Trustee Savings Bank by Lloyds Bank created Lloyds TSB, giving former Lloyds shareholders a 70 % stake and making it the UK’s largest bank by market share. After the 2009 state-aid divestiture of 632 branches into the new TSB, Lloyds Banking Group’s 2026 decision to retire the Halifax brand and cut 3,000 jobs continues the long-running consolidation of British retail banking.

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Story summary

Lloyds Banking Group will retire the Halifax name after 173 years and transfer all Halifax accounts to Lloyds accounts, keeping sort codes and numbers.
On 1 July 2026, the rebranding will be finished by 2027, will involve no cuts for 3,000 Halifax staff, and requires no action from customers.
Halifax branches in Taunton and Weston-super-Mare will close in October, bringing closures to 174 and leaving 190 Halifax outlets among 531 UK branches.

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