Lloyds Bank has announced that its Hedon branch will close at the end of January next year, along with 48 others across the country.
The bank says the closures reflect increasing demand for online services, although traditional banking services remain available locally. The Hedon site is the last remaining bank branch in the Holderness region, with the nearest alternatives in Hull and Withernsea.
In a statement, Lloyds said the decision followed a consultation into how people use traditional services, looking at factors such as branch usage, availability of other services, transport links, broadband access and the needs of vulnerable customers.
Figures show that in the 12 months up to May 2025, 31 per cent of customers used Lloyds branches, while 69 per cent used other branches, online or telephone services.
During the same period, 36 per cent of personal customers used both the branch and the post office. The Hedon branch currently serves an average of 997 customers per month.
As part of the closure on January 28, the cash machines at the site will also be decommissioned.
The move has raised concerns among residents who say they rely on the branch to access cash and other services, while others have questioned the security of online banking.
Hedon resident Joyce Whittle said: “It is particularly important as I prefer to do banking face to face and that is increasingly removed from us.
“I reluctantly registered for online banking in the new year and only because we were forced to do so as meetings with bank staff would not be available. Cyberattacks are very much on the increase, and I think it is wrong to force people online. It should be a choice.”
Following the announcement, Beverley and Holderness MP Graham Stuart called for a Banking Hub to restore services to the South West Holderness region.
He said: “We can all understand why bank branches are closing, but thousands of people in Beverley and Holderness still rely on them. That’s why I’m calling for a Banking Hub in Hedon to make sure people still have access to face-to-face banking services. People shouldn’t have to take a two-hour round trip to Hull just to cash a cheque, have a mortgage meeting, or pay in cash.”
As part of the closure process, Lloyds must present evidence to LINK, which will assess the banking needs of the community. To support the campaign, Mr Stuart has launched a petition calling for a dedicated Banking Hub in Hedon, which residents can sign at grahamstuart.com/HedonBank.
Mr Stuart has previously championed similar initiatives in Withernsea and Hornsea, where Banking Hubs have successfully replaced traditional branches. He says the community-based facilities provide essential services such as cash withdrawals and deposits, business banking support and one-to-one appointments with representatives from major high street banks.
“With the announcement that Lloyds will close in January 2026, I want banking services to be available to everyone in Hedon who needs them,” he added. “It’s not good enough to tell customers that their best option is a two-hour round trip on the bus to Hull. If Lloyds is to close, we need a Banking Hub in Hedon just like in Withernsea and Hornsea. It would work just as well here.”
The proposal has been welcomed by residents who say a hub would restore access to traditional banking.
Mrs Whittle added: “Many people do not want to use online services and that should remain a choice. It seems these closures will not be reversed, so it is essential that if our bank closure is imminent a banking hub is prepared to serve not only residents in Hedon but also the surrounding villages.
“Will we lose our ATMs for cash withdrawals? How will local businesses do their banking? I know at least one business who has commented on this this morning. Banks are part of our communities and high streets – it is vital and essential that we maintain those communities.”