Hundreds of customers will face a two-mile round trip to sort out their finances when a bank shuts its doors for the last time.

Bank of Scotland has announced it is to close its Giffnock branch, in Fenwick Road, in the new year.

Lloyds Banking Group, which owns Bank of Scotland, said it will close 49 branches, including 11 north of the border.

A total of 99 jobs are expected to be lost in the closures, which also includes Lloyds and Halifax branches.

Paul Masterton, MP for East Renfrewshire, said: “Through the work of the Giffnock BID and a whole lot of people behind the scenes Giffnock has really improved and supported its high street.

“The proposed closure of Bank of Scotland will unfortunately come as a shock to many elderly residents and to local businesses who rely on its services.

“Access to services nearby the closure may be mitigated and I would suggest to those angered by this decision to take swift and decisive action to move to another local bank.”

The Giffnock bank will cease trading on February 26 next year.

Customers’ bank accounts are to be “realigned” to the Clarkston branch and ATM services can be accessed via the Royal Bank of Scotland, nearby the closing branch.

However, Eastwood MSP Jackson Carlaw said Giffnock remains healthy.

He added: “With the closure of Wholefoods some may try and spin this as a ‘failing high street’ story but Giffnock is very much thriving. I remain confident that another business will be found to fill this site – Giffnock remains, as ever, a popular area to do business.

“For the 685 Bank of Scotland customers who only use this branch, counter services can be utilised at your local post office and there is always the opportunity to take your banking elsewhere.”

The closures just announced are in addition to 100 branches marked out for closure earlier this year, with a loss of 200 jobs.

The Unite union has strongly criticised the closure plans.

National officer Rob MacGregor said: “Lloyds Banking Group needs to halt this unnecessary bank branch closure programme. “Local communities are making it clear that the closure of their local branch excludes customers who cannot use digital means to conduct their financial transactions. Having returned to profitability Lloyds needs to stop ignoring its corporate social responsibilities.”

Last month, Lloyds Banking Group announced pre-tax profits for the third quarter of £1.95bn.

Lloyds was 43 per cent owned by the state following its bailout during the banking crisis, after taxpayers paid £20.3bn to rescue it.

It was returned to private hands in May.