A BANK has decided to close its branch in Headington.

Lloyds will shut down in London Road from September 16, the bank has announced.

A statement said a 'in depth review' had been conducted which had concluded that the branch was no longer needed.

It said: "Our customers’ needs are changing. Over 14 million people now bank with us through internet banking and almost 10 million use mobile banking.

"Branches will remain vital in meeting customers’ needs but we must continually review our network to make sure we have branches in locations where customers need and use them the most.

"As a result, we’ve made the difficult decision to close this branch because customers are using it less often.

"In addition the majority of customers are also using alternative ways to bank."

Lloyds recommended that people use the nearest branch in Carfax, Oxford, instead.

It said the counters at the branch were 11 per cent quieter than this time a year ago and estimate that 435 people use the bank on a regular monthly basis.

Counter transactions for both personal and business customers were down and the use of the self service zone machines were up.

Nearly 80 per cent of those who use the bank were found to have used other ways of banking.

The statement continued: "You can continue to use any other Lloyds Bank branch and the nearest alternative is the Carfax Oxford branch.

You can also use your local Post Office® for many everyday banking transactions."