The decision by LBG, which has already confirmed that 26 Halifax agency counters will close in September, has prompted fears of further redundancies, as the bank has already cut 7500 jobs this year.
A spokeswoman for the bank said all employees who might be affected by the changes had been written to.
She said: “Until this review is concluded, no decisions will be taken regarding the rest of the agency network.”
The bank’s actions came under criticism from the Campaign for Community Banking Services (CCBS), which claimed that smaller communities will be among the worst affected.
Richard Morea, technical manager at L&C, said it was inevitable that some parts of LBG would close and the third party branches would always be at risk.
He added: “With the number of brands that the bank has on the high street, it could well be doubling or tripling up on its presence. They need to cut costs, so it would not come as any surprise if there were more closures.”
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