LLOYDS Bank in Shanklin is to close — leaving the town without a bank.

A long-term staple of Regent Street in the heart of the town, the closure of the branch will come as a blow to those who live and work in the area.

It leaves Shanklin with just a Post Office and Nationwide Building Society, but no banks. The town has already lost Nat West and Barclays in recent years.

Lloyds will close on July 28.

Lloyds Banking Group has announced it will be closing 60 banking branches across the UK.

Lloyds, Bank of Scotland, and Halifax will see stores shut as they are all owned by the parent company.

The banking group says the decision was made after the number of customers using online banking reached an all-time high this year.

With 18.6 million regular online banking customers and over 15 million mobile app users, seeing an increase of 12 per cent and 27 per cent in the last two years.

The full list of closing branches includes 24 Lloyd Banks, 19 Bank of Scotlands, and 17 Halifax banks.

See the full list here